Anti-fraud measures and corporate policies to combat financial fraud in the financial institutes of Malaysia

Abstract

The rising concern about fraud in the financial sector and its impact on the economy requires massive changes and efforts that provide an avenue to fight against fraud. The primary goal of this study is to examine the effectiveness of Anti-fraud measures and corporate policies to combat financial fraud in financial institutes in Malaysia. In this study, three variables that affect combatting financial fraud have been identified to be evaluated, including digital forensic tools, regulations, and corporate policies. This study used questionnaires to obtain data from workers of financial institutions as a primary data source. The findings indicated that all variables have a significant relationship with combating financial fraud. Thus, this study raises awareness about the need for anti-fraud measures in financial institutions to combat fraud.

Keywords

• fraud
• corporate policies
• digital forensic tools
• anti-fraud measures
• regulations