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An ethical culture in which all employees feel secure to report suspicions or knowledge of fraud is the goal of all principled organisations but how to make it a reality? Luis Ramos, CEO of The Network, Inc has some practical suggestions.

Luis Ramos may be contacted at LuisRamos@tnwinc.com. The Network, Inc (www.tnwinc.com) provides customised reporting for documenting concerns, claims and incidents; service features include high quality assurance, rapid dissemination of data to key stakeholders, centralised, secure case management, advanced reporting analytics and comprehensive communications to engage employees.

The Kroll Global Fraud Report 2008/9 found in a survey of some 900 senior international executives that the average company lost US$8.2 million to fraud over the past three years. This statistic alone is compelling, but that it represents a 22% increase over the previous year’s US$6.7 million is even more disturbing. [1] It is no secret that organisations face unprecedented levels of fraud, what is elusive is the formula for reversing the trend.