According to the Association of Certified Fraud Examiners 2016 Global Fraud Study, hot-lines have once again proved to
         be an effective tactic for fighting fraud.

         The Report to the Nations confirms that, consistent with previous studies, tips were the leading method by which frauds  
         were detected. The Report to the Nations also found:

  •     97 percent of anonymous tips were received through phone, email or web hot-lines

  •     Where a hot-line was in place, fraud schemes were detected sooner on average

  •     Median loss was reduced by 59 percent in organizations where an ethics hot-line was present
Fraud Facts & Resources


Resources -- Learn More About Fraud:
Fraud Facts & Resources

NEWS -- On August 21, 2012, the Securities and Exchange Commission issued its first award under its new whistleblower program. The anonymous whistleblower
will receive nearly $50,000, representing the statutory maximum of 30% of the amount collected in the SEC enforcement action. The SEC press release provided
virtually no information concerning the whitleblower or the enforcement action in a conscious effort to protect the whistleblower's anonymity. The decision to pay the
maximum award permitted by law and to scrupulously protect the whistleblower's anonymity appear calculated to demonstrate that the SEC intends to be aggressive in
encouraging potential whistleblowers to make use of the new bounty program. In this environment, to the extent that they not already done so, companies should
assess and, if necessary, strengthen internal compliance programs, evaluate the effectiveness of internal reporting systems and formally prepare to respond to
whistleblower complaints.
Operated by Jeffrey B Kramer CPA