LET’S TALK BANKING WITH PAUL LUO-BAZ FRAUD PREVENTION COMMITTEE MEMBER YES! YOU ARE AT RISK OF FRAUD!IN its shortened form, fraud is simply- deception intended for gain. When therefore, any utterance, document alteration (forgery), reproduction of document (counterfeiting), withholding of information to pervert the truth and indeed any form of misrepresentation, is done with a view to deceive another for gain, an act of fraud has occasioned. There are no institutions, persons or groupings of persons spared from fraud. We constantly hear of impersonations, embezzlements, counterfeit products or legal tender, quackery, cybercrime, social engineering scams and many other fraud types affecting individuals, banks, government wings, NGO, SMEs, churches etc. The question is -Why are there so many fraud incidents?There are various reasons why fraud incident trends are worsening and affecting many more people than previously. Allow me to discuss a few in the hope that readers’ awareness can be enhanced.Fraud is seldom, an aggravated offence, save […]
TRANSFORMING INDUSTRY, DEVELOPING ZAMBIA
