The main strengths and weaknesses of sanction policies

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The main strengths and weaknesses of sanction policies

June 2015

Student ID:673806

Acronyms

CIPFA: Chartered Institute of Public finance and Accounting
DWP: Department of Works and Pension
LCFS: Local Counter Fraud Specialist
NAO: National Audit Office
NFA: National Fraud Authority
NHS: National Health Service
NHS CFSMS: National Health Service Counter Fraud and Security Management Services XXXXX: XXXXX
ousing Gr

Table of Contents

1.Executive Summary..................................................................................................4 2.Introduction..............................................................................................................6 2.1 Objective of XXXXX sanction policy............................................................6 3.Literature Review.....................................................................................................7 3.1 Definition of fraud....................................................................................7 3.2 Examples of fraud ...................................................................................8 3.3 Sanction....................................................................................................8 3.4 Definition of sanction...............................................................................8 3.5 Examples of XXXXX sanctions....................................................................9 4 Key Findings...........................................................................................................8 4.1 Weakness of XXXXX sanction policy..........................................................11 4.2Strenght of XXXXX sanction policy .............................................................13 5 Effectiveness of the policy .....................................................................................15 6 Conclusion.............................................................................................................15 7 Recommendation...................................................................................................16

1.0 Executive Summary

XXXXX (XXXXX) is a leading developer and provider of homes and housing, care and support across London and the South East.The organisation manages almost 15,000 homes in 26 London boroughs and surrounding counties (XXXXX,2014).

XXXXX employs over 9,000staff with expenditure of around £350million per year (XXXXX, 2014). The enormity of these costs allows for an ever-present risk of loss due to fraud, bribery and corruption. This will be investigated through an analysis of XXXXX’s sanction policy; comparing it with other organisations.

As part of a well established Counter Fraud, Bribery and Anti-Corruption Strategy, XXXXX take a responsible, long-term view of the need to continuously develop sanction policies to serve as a deterrent, promoting an anti-fraud culture (XXXXX, 2015).

Findings
Weaknesses
XXXXX over reliance on civil approach
XXXXX must defer to local authorities in order to take criminal actions XXXXXs Anti-fraud strategy reflects Sanctions as an element of its strategies to combat fraud Limited evidence present of public media to raise awareness of prosecution Strengths

Clear guidance on procedures to affect the available sanctions. The policy reflects the employment of a designated person to coordinate the management of fraud in the organisation XXXXX prioritises the use of civil approaches to save on court orders costs. The policy highlights the importance of training

Conclusion
The sanction policy of XXXXX is heavily dependent on civil approaches which are effective, to an extent, with a slight decrease in properties recovered 32%-27% in 2014-2015. The effectiveness however, is somewhat limited.

Recommendations
To implement the use of parallel...
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