Specialist lender introduces deterrent against fraud
Case Study3rd Jun 2020
Contributors
Related services
Our Client
A specialist lender and savings bank offering products to SME’s, homeowners, landlords and individuals.
Our Approach
- Implemented an effective whistleblowing process as per FCA guidelines
- Supported our client’s employees through the process of reporting their concerns, ensuring where possible that contact is maintained with the whistleblower from investigation through to resolution
- Provided the client with instant escalation of alerts received so the company could quickly take action
- Provided regular management information reports providing whistleblowing trend analysis
The Outcome
- The business now has a further deterrent against fraud, financial misconduct and bribery
- All services complies with relevant whistleblowing and FCA legislation
- There is now a completely confidential, effective and convenient process for all staff to encourage employees to speak up when they become aware of wrongdoing
- There is training resources for all staff on whistleblowing, fraud and bribery to encourage all staff to speak up when they become aware of unethical behaviour
Related Case studies
Pharmacy acquires business with help from AAB
Cashflow projection from AAB secures funding to grow care home
Dental partnership improved finance systems in buy-out
Professional services firm improves tax efficiency
Legal firm utilises AAB experts for corporate finance and tax support
Company takes proactive approach to overseas tax compliance
Fundraising Support for a New Community Town
Sign up to updates
Blog12th Sep 2023
Are Inheritance Tax Rules Changing?
Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled as…
By Jill Walker
View moreBlog26th Jan 2023
Self Assessment Tax Return Deadline Around The Corner
The deadline for completing your 2021/22 self-assessment tax return online is 31 January 2023 and those who file one later than that will usually have to pay a fine. HM Revenue and Customs (HMRC) announced at the start of January that…
By Jill Walker
View moreBlog19th Dec 2022
2023-24 Scottish Budget Tax changes
After a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…
By Jill Walker
View moreBlog9th Aug 2022
Changes to Capital Gains Tax for separating couples
Under the current Capital Gains Tax regime in the UK there are rules in place to allow for transfers of assets between spouses to be deemed to take place at no gain/no loss for Capital Gains Tax (CGT) purposes. That…
By Jill Walker
View more