Research shows that a large share of fraud cases come to light through tips. An effective ethics hotline requires independent management, protection against retaliation, systematic review of reports and reporting of outcomes.
Related terms
Occupational fraudDeceptive acts carried out knowingly to obtain an unjust or illegal benefit; misappropriation of assets and fraudulent financial reporting are its main types.Fraud investigationA special investigation carried out to establish a suspected irregularity or allegation of fraud with evidence, and to determine its extent and the loss.InstitutionalisationA company's transition from a person-dependent management structure to an institutional structure with defined processes, authority and responsibilities, reporting systems and governance structures.Compliance auditAn examination of whether an organisation's activities are carried out in accordance with the relevant laws, regulations, contracts or internal rules.Compliance officerThe authorised person responsible for running the compliance programme for the prevention of money laundering and terrorist financing at an obliged entity.Compliance programmeThe full set of policies, procedures, controls, training and monitoring activities an organisation puts in place to ensure compliance with laws and internal policies.
Last updated: October 22, 2026 · This definition is for general information only.