Magazine

Financial fraud costs victim companies an average of 5% of turnover, according to the ACFE. Attacks are becoming more sophisticated: CEO fraud, bank account compromise, accounting manipulation. Facing this reality, prevention requires a dual approach: strict security protocols and detailed knowledge of available protection mechanisms. This category analyses the most common types of fraud, details security measures like Confirmation of Payee for transfers, and explains guarantee instruments that secure your financing. Memo Bank integrates these security standards into its infrastructure whilst supporting clients on best organisational practices.