Trust is very crucial in business. However, you cannot trust blindly as white collar crime is a significant challenge in business. Once you speak with an attorney about the risks of not taking measures to curb this he/she will explain it at length. As discussed in this article, these are some of the ways used to prevent white-collar crime in your business.
Tracking Internet Activities
A lot of white-collar crime involves the internet. It is therefore advisable to put up software in your business that will closely monitor the social media connections, websites and activities the employees conduct. This should also apply to personal devices that the employees use at work.
Implementation of verification systems
One employee should not be allowed to have too much power in an organization hence different people should handle contracts, financial transactions or fiscal management. Verification checks and balances should also be done to prevent employees from conducting crimes. One irregular operation performed by an employee can quickly be caught by verification and help identify the culprit.
Working with an attorney
You should speak with an attorney about the risks involved when running a business advisedly one that specializes in white-collar crime. He should inform you of the rights of a business owner. You should also get help in getting to know the process when pressing charges when you have identified white collar crime and how to go about it.
Routine inventory of business items
It is wise to do a regular inventory of equipment and supplies to reduce the risk of theft. Implementing a tagging system is a good idea and also doing inventory on your purchase orders. A regular survey of business owned equipment and supplies minimizes theft.
Monitoring employee activities
When employees are aware that someone is observing them, they refrain from engaging in criminal activities. It is an efficient way of securing your business. Use of surveillance cameras in areas such as the cash registers and supply cabinets is a suitable method. These recordings should be saved for future reference and also to be used as evidence when prosecuting employees or intruders who undertake white-collar crimes.
Each of the above methods of securing your business against white collar crime requires sufficient money and time investment. It will, however, reduce the risk of closing down your business by preventing crime. It will also help deal with any criminal activities that may have taken place and keep your business going.