Zero tolerance to Frauds

Fraud prevention is often treated as a cost centre rather than a strategic business unit.what can anti fraud professionals do to change the perception.i truly believe that if collections can be treated as a line function then Fraud prevention cell too should be treated as a line function rather then a support function.I feel that this unit is always treated as a supprt unit due to which it doesn't get it's dues.I feel that if goal sheet for the unit is revised to show more of tangible results then it may help in changing the perception.At the same time repositioning is required to move potential savings to actual savings.one step could be to conduct fraud checks at the end of all process so that true savings can be shown.for eg post credit sampling would highlight cases with ctaual savings as all these are approved cases.would like to hear other thoughs about this

The Value of Role Models in the Downturn 8:56 AM Monday March 2, 2009 It's hard to find many bright spots in the increasingly gloomy economy , but they're out there. Among big companies, IBM and Procter & Gamble are bright spots. IBM's earnings have beaten forecasts; P&G has a robust business and has already integrated its huge Gillette acquisition relatively seamlessly. Why are these and select other companies faring OK today? Because they made important changes well before the recession hit full force. This includes, for these two companies, a re-emphasis on values and ethics. This downturn's survivors will be the role models for a new kind of business practice that is more socially responsible not as an add-on or after-thought but as a first thought at the core of its business operations. That's a good thing, because numerous revelations of misdeeds - from Bernard Madoff to Indian software entrepreneurs - always turn up when conditions turn down. That...