Fraudulent Activities Rock New Zealand Finance Industry
Payroll Fraud: A Growing Concern for Small to Medium-Sized Businesses
May 11, 2023 - The finance industry in New Zealand is facing a significant threat from fraudulent activities, with an alarming number of small to medium-sized businesses falling victim to payroll fraud. As a leading private investigation agency, The Investigators has been at the forefront of uncovering such fraudulent activities and safeguarding businesses.
Forms of Payroll Fraud
Payroll fraud can take many forms, including:
- Ghost employees
- Time theft
- Falsified wages
These illegal activities cause significant financial losses and reputational damage to affected companies. The complex nature of these crimes often makes it difficult for small to medium-sized businesses without dedicated fraud detection mechanisms in place to detect such activity.
Expertise in Detecting and Resolving Payroll Fraud
The Investigators NZ, led by Certified Fraud Examiners Mike Gillam and Danny Toresen, have extensive expertise in detecting and resolving cases of payroll fraud. The team uses a comprehensive approach, starting with an in-depth analysis of the company’s payroll and financial records to identify any irregularities that could indicate fraudulent activity.
Investigation Process
Once potential fraudulent activity has been identified, The Investigators NZ conducts discreet interviews with staff and management to gather evidence and build a case against perpetrators. The agency’s team is skilled at obtaining information without disrupting the workplace environment.
Additional Services
Beyond investigation, The Investigators NZ also provides valuable assistance in dealing with employment processes and prosecution. The team can help guide businesses through the resulting employment process, ensuring compliance with New Zealand’s employment laws and regulations. Additionally, if a business decides to prosecute, The Investigators NZ can prepare comprehensive prosecution files that include all relevant evidence gathered during the investigation.
Protecting Your Business
Payroll fraud is a serious issue that can have devastating consequences for businesses. However, with The Investigators NZ, affected companies now have a trusted partner to help them detect and deal with such cases effectively. Mike Gillam, Danny Toresen, and their team of certified fraud examiners are committed to safeguarding New Zealand’s businesses from fraudulent activities.
Seeking Assistance
If you suspect fraudulent activity in your business, do not hesitate to seek assistance. The Investigators NZ is ready to provide the expertise, discretion, and professionalism needed to protect your business and maintain its integrity. Call now on 0800 747 633.