Definition of Fraud
Fraud encompasses an array of irregularities and illegal acts characterized by intentional deception. It usually involves the deliberate concealment of facts. Fraud can be defined in a number of ways. Below is a definition of fraud:
- Fraud is an illegal act characterized by deceit, concealment or violation of trust committed by individuals and organizations to obtain money, property or services, avoid payment or loss of services, or to secure personal or business advantage.
Escalation and Reporting
- Any member of staff, client or service provider having reason to suspect fraud is required to report the instances of suspected fraud through the Deloitte Tip-offs Anonymous fraud hotline provided by Momentum Metropolitan (MM).
- To report fraud and unethical practices dial: 0800 72 26 26 or alternatively make use of the generic toll-free call back facility +27119293332. You can also make a tip-off report on the website www.tip-offs.com
- Only the Head of Group Forensics and alternate MM Executive; The Chief Risk Officer will have access to information provided using this reporting resource.
- Any member of staff, client or service provider reporting a suspected fraud will be protected by the company by making their identity anonymous and protecting them from any form of discrimination.