Banks and Bank Systems · 2023 · 17 citations · 36 references
BusinessAccountancyRisk ManagementBankingCrimeCrime Prevention PolicyCrime PreventionFinancial CrimeFinancial Statement FraudFraud DetectionFraud PreventionFraud Risk ManagementFinancial Statement Fraud PreventionFraud Detection In BankingFraud Risk MitigationFraud Risk PreventionSanctions
Fraud and financial crimes involving banking employees have become serious and complex problems throughout the world, including Indonesia. This study aimed to analyze a fraud prevention through anti-fraud strategy and modified situational crime prevention theory. Data were obtained using a questionnaire distributed and interviewed to accounting officers, marketing departments, customer services, tellers, operational supervisors and risk management of banks in Indonesia. Respondent filled in 217 questionnaires completely. The data analysis technique used is a path analysis technique with the WarpPLS. The results show that anti-fraud strategies have a positive effect on fraud prevention. Banking in Indonesia has succeeded in implementing anti-fraud strategy through a whistleblowing policy, which focuses on efforts to protect whistleblowers and disclose potential fraud, compliance with the implementation of internal controls in activity units, and the proper functioning of risk management. The modified situational crime prevention theory also has a positive effect, and religiosity is a moderating variable. The results have also informed that banks have attempted to create conditions and awareness for perpetrators that the benefits of fraud are less and not commensurate with the high risks borne, and narrowing opportunities and providing strict sanctions to perpetrators can prevent fraud.
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A systematic literature review on frauds in banking sector
Deepa Mangala, Lalita Soni · Journal of Financial Crime · 2022 · 64 citations
Business, Finance, Risk Management +11