Bank Employees Accept Bribes in Mortgage Fraud Case
The need for good governance and the proper role of background screening is never too far away from the headlines. The New Zealand Serious Fraud Office is building a case against two former employees from major banks BNZ and ANZ who allegedly accepted bribes in exchange for passing a total of 57 fraudulent mortgage applications for properties in Auckland and Hamilton. This is a complicated case involving corruption and fraud conducted by multiple parties, and is just another example of how an organisation’s greatest asset can also be its greatest risk.
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