skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 64684 Find in a Library
Title: COMBATTING INTERNAL BANK FRAUD
Journal: BANKERS MAGAZINE  Volume:160  Issue:4  Dated:(AUTUMN 1977)  Pages:71-74
Author(s): I A LIPMAN
Corporate Author: Warren, Gorham and Lamont, Inc
United States of America
Date Published: 1977
Page Count: 4
Sponsoring Agency: Warren, Gorham and Lamont, Inc
Boston, MA 02111
Format: Article
Language: English
Country: United States of America
Annotation: METHODS AVAILABLE TO BANK EXECUTIVES IN COMBATTING INTERNAL BANK FRAUD ARE DISCUSSED.
Abstract: THE EXTENT OF EMPLOYEE DISHONESTY IN PRIVATE COMMERCIAL AND INDUSTRIAL BUSINESS IS STAGGERING. BANKS, IN PARTICULAR, ARE TANTALIZING ATTRACTIONS TO THE DISHONEST EMPLOYEE BECAUSE OF THE AMOUNT OF MONEY THAT BANKS HANDLE AND THE COMPLEXITY OF THE SYSTEM THAT MAKES THEFTS EASY TO HIDE. FEDERAL AGENCIES WHO ARE RESPONSIBLE FOR DETECTING AND PREVENTING BANK CRIME HAVE FEW EMPLOYEES TO CONDUCT THOROUGH BANK EXAMINATIONS. MOREOVER, THEY ARE PRIMARILY CONCERNED WITH ENSURING THAT BANK POLICIES ARE SOUND AND THAT BANKS ARE FINANCIALLY STABLE, NOT IN UNCOVERING INTERNAL CRIMINAL FRAUD. INTERNAL AUDITS CAN ALSO BE EASILY CIRCUMVENTED BY THE CLEVER EMPLOYEE. AS PART OF AN INTERNAL BANK SECURITY SYSTEM, THE FOLLOWING PERSONNEL CONTROLS SHOULD BE EMPLOYED: PREEMPLOYMENT POLYGRAPH SCREENING TO REVEAL DISHONEST OR UNDESIRABLE APPLICANTS, OR EXTENSIVE BACKGROUND INVESTIGATIONS OF PROSPECTIVE EMPLOYEES, PERIODIC BACKGROUND INVESTIGATIONS AND POLYGRAPH EXAMINATIONS OF PRESENT EMPLOYEES, THE PLACEMENT OF UNDERCOVER AGENTS IN THE BANK TO DETERMINE IF EMPLOYEES ARE ADHERING TO PROPER PROCEDURE, AND AN EMPLOYEE SECURITY-TRAINING PROGRAM. IN SUM, BANKERS NEED TO AUDIT, INVESTIGATE, AND EDUCATE IN ORDER TO STOP THE EMPLOYEE THIEF. (WJR)
Index Term(s): Background investigations; Criminality prediction; Embezzlement; Employee theft; Financial institutions; Fraud; Polygraphs
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=64684

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.