- Establish a Trade ID code on company credit cards that prevents purchases at places like jewelry stores or entertainment venues.
- Ensure a clear separation of duties between employees allowed to use company credit cards and those approving their charges.
- Watch out for conflict-of-interest vendors — those providing kickbacks to employees who might be personal friends or relatives for continued work.
- Beware of checks deposited to a personal account.
- Be mindful of payroll activity concerning former employees, including others taking advantage of that employee’s departure for personal gain.
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