Press release from Charity Commission regarding insider frauds at charities

The Charity Commission, the regulator of charities in England and Wales, has published the findings of a study which has found that cultural factors, such as placing excessive trust or responsibility in individuals, or the lack of internal challenge and oversight, contributed to 70% of insider frauds within a sample of charities analysed by the Commission.
The Commission is therefore urging all charities to foster a culture where staff, trustees and volunteers are reminded of the need to challenge any concerning behaviour and not turn a blind eye when internal processes aren’t followed.
The findings follow a number of high profile cases of insider fraud in charities recently, including Birmingham Dogs Home, where the former chief-executive stole £900,000 from the charity. The head of finance at NSA Afan was jailed earlier this week for spending almost £54,000 of the charity’s money for her own personal gain.

The crucial lesson for charities is about changing people’s behaviours and encouraging staff and all those involved in charities to be vigilant and speak out when things don’t seem right. This must be demonstrated by everyone in an organisation to be truly effective.

Similar Articles

Do you wish to volunteer ... The Royal Voluntary Service has launched a new advertising and recruitment campaign to increase volunteering by older people in local communities. The campaign will encourage people to
Charity Fundraising Regul... The Fundraising Regulator has just set up its new website at www.fundraisingregulator.org.uk. It is due to start work this summer. It is the independent regulator of charitable
Charity Commission new gu... The commission has published new guidance for charity trustees about fundraising from the public, CC20. The guidance sets out 6 key principles to help trustees comply with
Persons of Significant Co... From 6 April 2016 most companies (including charity companies) will need to set-up their PSC register and identify whether they have any PSCs, and from 30 June
Public should ensure dona... This is a Charity Commission press release:- Press release: Generous public should make sure donations go to genuine charities supporting the victims in Manchester, says charity regulator
London Olympics legacy f... More amateur sports charities have been set up and the sector’s income has increased in the years following the London 2012 Olympics, an analysis by the Charities
Good news for charity tr... The High Court has today ruled against the Official Receiver in its case for disqualification brought against the directors of the charity “Kids Company”, together with its CEO Camila
Public can now demand tha... Charities which pester donors for cash face being fined up to £25,000 under new rules. A new Fundraising Preference Service, launched this week allows members of the
Charities remain at risk ... The Charity Commission warns that trustees, charity professionals and volunteers should continue to be aware of online extortion or ‘ransom’ demands affecting UK businesses. Charities could also
Charities using social me... The Charity Commission advises that if your charity uses social media, you are responsible for: agreeing and putting in place a social media policy so that you

Leave a Reply

Your email address will not be published. Required fields are marked *