Fraud investigation procedures are the steps taken by an investigator during a fraud investigation to ascertain the existence of fraud at different levels of an investigations. These steps are mostly strategic.
The Basic Step
Professional private investigators that follow well-structured fraud investigation procedures are guaranteed of the best and reliable results. The first step is always to analyse and weigh the possibilities of a fraud taking place or if it already occurred. The practitioner must first conduct some general analysis to determine if an investigation is warranted. The analysis is important in helping find logical facts that support fraud allegation so as to establish reasons for an investigation. This helps avoid situations that can lead to legal liabilities. Investigations require strong basis due to the several techniques involved in the investigations. The procedures must be skilfully implemented if the findings are to be credible.
Examination And Retrieval Of Evidence.
To determine the merit of the clients’ complaint, a private investigator may have to perform detailed asset searches, employee background checks and also to familiarise him/herself with the institution’s procedures. After an examination is successful, and there is clarification of questions given by the client, the fraud investigator proceeds depending on existence of evidence. When the process of investigations begins it is of high importance that the client cooperates with the investigator throughout the investigation. Retrieval of evidence after examinations usually involves collection of recorded and written statements, plus the different uses of audio and video techniques. Here a professional UK private detective uses his/her proficiency to interpret the evidence available and determine which one is most relevant. Retrieval of evidence is always of vital importance in the investigation.
Questioning Of Witnesses Or Possible Accomplices.
This is the level where facts have been established. An investigator interviews witnesses to determine a suspect’s level of involvement. From the interviews a private detective can judge the credibility of each person and know who is and who is not involved one way or the other. At first the investigator starts off with light questions and gradually shifts to specific questioning about the incident. There are different methods that can be employed by a private investigator to exploit natural tensions from interviewees who are lying or withholding information. At the end of the interviews the fraud investigation specialist should be in a position to determine who else was involved and whether they were witnesses or accomplices.
Summary Of A Fraud Investigation
Fraud examination report entails a detailed summary of the investigation, the estimated loss and recovery, how the fraud occurred, any responsible parties and the investigator’s final deposition. The client and the fraud investigator can then discuss the different actions that can be taken to avoid or prevent future occurrences. If the investigations support a criminal case, then the investigator is in a position to recommend immediate involvement of the law enforcement.