Curbing Employee Fraud and Corruption in Financial Institutions With an Effective Know Your Employee Program

KYC Global Technologies

8 Pages Posted: 20 Dec 2018 Last revised: 28 May 2020

See all articles by Ehi Esoimeme

Ehi Esoimeme

University of Wales System - Cardiff Law School

Date Written: November 12, 2018

Abstract


This paper recommends that a pre-employment background screening process should be established by all financial institutions that, at a minimum, uncovers information regarding a job applicant’s convictions and program entries to ensure that only appropriate persons are employed. This measure will help curb employee fraud and corruption.

This paper also recommends an on-going approach to screening for specific positions, as circumstances change, or for a comprehensive review of departmental staff over a period of time.

Keywords: Employee Fraud, Employee Corruption, Know Your Employee

Suggested Citation

Esoimeme, Ehi, Curbing Employee Fraud and Corruption in Financial Institutions With an Effective Know Your Employee Program (November 12, 2018). KYC Global Technologies, Available at SSRN: https://ssrn.com/abstract=3287949 or http://dx.doi.org/10.2139/ssrn.3287949

Ehi Esoimeme (Contact Author)

University of Wales System - Cardiff Law School ( email )

PO Box 427
Cardiff, Wales CF10 3AX
United Kingdom

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