Fraudsters trading trade tools
Date published
January 2015
Relevant impacts: Financial impact, reputational impact and government outcomes impact
A grant program was designed to enable recipients to upgrade their trade tools and make them more efficient.
Some grant recipients then sold their updated tools, kept the profit and replaced them with cheaper and less efficient tools.
Related fraudster personas
Related countermeasures
Clear eligibility requirements and only approve requests or claims that meet the criteria. This can include internal requests for staff access to systems or information.
Require clients, staff and third parties to have ongoing compliance, performance and contract reviews.
Put in place processes for staff or external parties to lodge tip-offs or Public Interest Disclosures.
Internal or external audits or reviews evaluate the process, purpose and outcome of activities. Clients, public officials or contractors can take advantage of weaknesses in government programs and systems to commit fraud, act corruptly, and avoid exposure.
These are penalties for customers, staff or third parties that commit fraud or do not comply with rules, processes and expectations.
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