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Expert: Combating Financial Crime Begins Within An Organisation

Reducing the risk of financial crime in Fiji should start from within an organisation, says international forensic accounting expert, Jason Weir. Mr Weir addressed the delegates on day one of
21 Aug 2015 08:48
Expert: Combating Financial Crime Begins Within An Organisation
CPA Congress speakers Allison Mooney and Jason Wier on Denarau Island yesterday. Photo: Waisea Nasokia

Reducing the risk of financial crime in Fiji should start from within an organisation, says international forensic accounting expert, Jason Weir.

Mr Weir addressed the delegates on day one of the 2015 CPA Australia-Fiji Branch Congress at the Sheraton Fiji Resort on Denarau Island yesterday.

He said it was important for businesses to take note of what form of activities are happening within their business before moving towards the country.

Mr Weir said: “In order to make the change, it has to always start at the top with the CEO’s saying fraud is not acceptable.”

Mr Weir leads Deloitte’s Forensic Team in Auckland, New Zealand.

His presentation also addressed the importance of being diligent of what is happening in the office.

“We like to think the best of people and we like to trust people and not think that we might have a fraud in our own business,” he said.

“But we need to be alert to the possibility that somebody in our team is up to no good. It is a tough shift to make but it is necessary.

“If you are opened to that possibility then you are open to avoiding financial crime.”

 

Awareness

Another factor which can help combat the risk of rising financial crime is building awareness.

Mr Weir highlighted the importance of addressing the issue before becoming a victim to the crime.

“I don’t think the awareness is only a Fijian issue – most corporates aren’t alert on the risks until they become a victim to fraud,” he pointed out.

“People become super alert to fraud once it happens but the trick is to be alert to these before it occurs.”

Mr Weir added the importance of a talking culture.

“People need to be able to speak up and bring their issues to the forefront in order to reduce the risk,” he said.

Feedback: rachael.nath@fijisun.com.fj

 

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