Anti-fraud initiatives

Anti-fraud initiatives are strategies and measures put in place to prevent, detect, and respond to fraudulent activities. These initiatives can include creating regulations, improving technology to track suspicious transactions, conducting thorough audits, and providing training for employees on recognizing fraud. Organizations may also collaborate with law enforcement and share information to combat fraud more effectively. The goal is to protect assets, maintain trust, and ensure fairness in business practices, ultimately safeguarding both the organization and its customers from financial harm.