Emerdis and its staff are committed to maintain high legal, ethical, and moral standards, to adhere to the principles of integrity, objectivity and honesty in the way that they conduct their business. The objective of this policy is to:

  • promote a culture which deters fraudulent activity
  • facilitate the prevention and detection of fraud
  • facilitate the implementation of timely and appropriate procedures that aid in the investigation of fraud and related offences

The term ‘fraud’ is commonly used to describe a wide range of misconducts including theft, corruption, embezzlement, bribery, forgery, misrepresentation, collusion, money laundering and concealment of material facts. It often involves the use of deception to make a personal gain for oneself, a connected person or a third party, or a loss for another; intention is the key element that distinguishes fraud from irregularity.

Fraud is not limited to financial impact, but also when causing damage to the reputation of an organisation responsible for managing funds effectively and efficiently.

Corruption is the abuse of power for private gain.

Emerdis commit to:

  • undertaking a regular review of the fraud risk; with the help of the external third parties where applicable
  • establishing an effective anti-fraud policy and fraud awareness plan
  • ensuring an adequate system of internal control exists
  • preventing and detecting fraud
  • ensuring due diligence and implementing precautionary actions in case of suspected fraud
  • taking corrective measures, including any administrative and or disciplinary penalties

Fraud should be reported internally, or when senior management involvement is suspected through https://www.gov.uk/government/organisations/hm-revenue-customs

Emerdis Anti-Fraud policy is reviewed and published on an annual basis

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