Netherlands and their approach to tackling Retail Fraud
More and more retailers in the Netherlands are joining the FAD warning register. The FAD is the independent regulator and administrator of the Warning Register. What is the Warning register? • In the register, any FAD-affiliated store can check if a new employee is known to another participating retailer as a fraudulent ex-employee • Every FAD-affiliated store can also place an ex-employee on the Warnings Register for fraudulent behavior. That ex-employee will appear in the register for two or four years after termination of the employment relationship due to theft or any other fraudulent behavior with regard to his or her employer. Conditions to place a person on the register : a police report has been made against the ex-employee concerned, a proportionality evaluation has been carried out and the person concerned is then informed. What are the results? The warning register contains approx. 1800 (ex-) store employees who have been registered for theft or other fraud. Internal fraud costs retailers around € 180 million per year annually. The warning register of the FAD foundation is an effective tool to tackle employee fraud.
Do you have a question? Contact Us +32 478 230 616 Our expert graduated at the University of Leicester for the following course : “How to protect your organisation against Fraud and Corruption”
Risk assessment & Loss prevention M + 32 (0)478 230 616 - M + 32 (0)477 415 556 www.luppo.be
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