Fraud schemes often evolve faster than internal controls. A mature anti-fraud function does more than investigate losses. It identifies weaknesses early, informs product design, connects signals across accounts and measures whether controls are reducing risk without creating unnecessary friction.
Corporate fraud is usually blamed on the individuals involved. But there is another question worth asking: which management decisions allowed the misconduct to begin, spread and remain undetected? Drawing on two anonymised cases, Elina Moshkovich shows how conflicts of interest, poorly designed KPIs and weak control functions can turn isolated abuse into a systemic business risk.
