Cheque, Credit Card and Company Fraud Flashcards
Cheque and Credit Card Fraud:
What to find out from Informant?
- Identity used by the offender
- Descriptions of the offender
- Property obtained
- Vehicle used
Cheque and Credit Card Fraud
What to find out from Bank?
DDAS
DDAS
- Date cheque book or credit card was reported missing
- Date account was opened
- Account holder’s details (name, dob, add)
- Serial numbers of missing cheques
Cheque and Credit Card Fraud
If an account has been opened with fictitious details, find out:
DANS
DANS
• Descriptions of the suspect and any associates at the time
• The account number and the date it was opened
• The nature and amount of the first deposit
• The serial numbers of the cheques supplied
Cheque and Credit Card Fraud
When cheques are dishonoured through lack of funds, interview the account holder and find out:
SDNAS
SDNAS
- Suspect’s details (name, dob, add)
- Date the account was opened
- Nature and amount of the first deposit
- Amount of any savings in other accounts.
- State of the account at the time the cheques were issued
Cheque and Credit Card Fraud
What not to do with documents?
PUM
• punch, fold or crease them
• use staples, pins or sellotape
• make impressions on them when writing minutes on the file.
Company Fraud
Sources of Assistance:
PMCFNL
- Police accountants and legal officers
- Ministry of Business, Innovation and Employment
- Commerce Commission
- Financial Markets Authority
- NZ Customs
- Liquidators and receivers
Serious Fraud Office Investigations
When must you notify SFO:
- All fraud complaints with actual or potential loss over $2,000,000
- All fraud complaints where the facts, law or evidence is of great complexity
- Any fraud complaint of great interest or concern; for example, fraud involving a public figure.
Company Fraud
Category A Offending:
Large-scale thefts and other dishonesty offences against employers by employees - Usually people such as accountants or mangers who use their position to manipulate the companies financial records.
Company Fraud
Category B Offending:
Dishonesty offences committed against financial institutions by people outside the institution obtaining money through deception and GST fraud against the IRD by businesses that make false GST returns.
Company Fraud
Category C Offending:
Commercial fraud committed against the public by people who, either as individuals or through the guise of a company, entice people to invest money.
Company Fraud
Category D Offending:
Dishonesty offences committed by professional people in a position of trust, such as accountants against their clients.