RAF committed to tackling fraud
JOHANNESBURG – The month of November marks International Fraud Awareness, during which there is a global effort to promote anti-fraud awareness and education.
According to the Association for Certified Fraud Examiners’ 2018 Global Study on Occupational Fraud and Abuse, organisations worldwide lose an estimated 5percent of their annual revenues to fraud, which can take many shapes and forms.
South Africa is also grappling widespread fraud and corruption, which severely affect all levels of our society. The Road Accident Fund (RAF) has not been immune and has intensified its efforts to fight this scourge.
Due to this growing menace, the RAF has set up a Forensic and Investigation Department (FID) to pursue fraudsters aggressively, with much success. Over the past five years, the RAF has stopped more than R2billion worth of compensation before payment due to fraudulent activities. In the same period, 1914 convictions and 912 arrests were made by the NPA (National Prosecuting Authority) and the SAPS.
Corruption’s harmful effects are especially severe on the poor who are hardest hit by economic decline and most reliant on public services and social welfare.
The fund is susceptible to abuse by both external and internal stakeholders, including attorneys, police, medical doctors, employees and touts.
To ensure the RAF adheres to its board-approved Fraud Prevention Policy, the FID has employed people with a range of skills focusing on external investigations, corporate investigations, prosecutions, fraud awareness and cyber fraud. ..Read More..