Asset finance provider Hitachi Capital Business Finance ran a series of fraud awareness seminars for brokers, with the aim of minimising the impact of fraud on their business.
Apart from an introduction to fraud, during the seminars there was a discussion on tools which could be used to identify fraud. Among other topics covered were internal security, anti-money laundering and internal whistleblowing.
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This series was part of Hitachi’s wider range of seminars on FCA rules and authorisation process, which complement its FCA compliancy services offering launched last year.
Andy Taylor, head of broker sales at Hitachi Capital Business Finance said: "We are continually looking at ways we can help make our brokers’ lives easier, and with fraud on the increase it is essential that all businesses are aware of what they can do to protect themselves and their clients to stamp out this elusive crime. It is often very difficult to identify what is a fraudulent act and to halt its progress before it gets too far.
"Through the seminars, we have explored all the different types of fraud and have offered practical advice through case studies and different potential ‘fraudulent’ scenarios in an attempt to help brokers experience and signpost the things to look for when speaking or dealing with individuals."
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