WWF International Fraud/Corruption Prevention and Investigation Policy
• Theft of misuse of and organisation’s assets/funds;
• Misappropriation of funds;
• Receipt of income (most common);
• misappropriation of cash;
• False expense claims;
Corruption is the misuse of entrusted power for private gain. Corruption is best known as bribery, fraud, embezzlement and extortion. Corruption has many faces. It may be in the form of money or of providing services in order to gain advantages such as favourable treatment, special protection, extra services, or reduced delays. It covers a wide range of activities some of which are:
• Neglect of a duty;
• Expecting private payment in exchange for doing one's duty;
• Ignoring or carrying out an illegal activity;
• Tendering, awarding of contracts;
The key factors of Fraud and Corruption policy which are:
• Reporting allegations
• Responding: Investigation
• Building an ethical culture
Fraud and Corruption Prevention seeks to enhance the WWF's integrity, core management capability as well as confidence. It is consistent with the WWF Code of Ethics which applies to all service employees.
Fraud and corruption flourishes where there are deficiencies in management control systems. In particular, management and all staff are charged with taking all reasonable steps to limit the possibility of fraudulent and corrupt practices. Developing and maintaining effective controls to prevent fraud/corruption.
The procedures are intended to implement the Policy by ensuring that allegations of fraud and corruption are adequately and consistently addressed internally by WWF staff. Concerns must be raised when employees’ reseanobly believe that one or more of the following has occurred:
• Misuse of funds;
• High risk of abuse;
• Corrupt act, etc
Fraud and Corruption Policy outlines approach to assessing fraud risks and reporting, investigating and responding to suspected incidents of fraud and corruption. It may include such activities as fix fraud/corruption, fix control weaknesses, ensure action plan against investigation outcomes, etc.
The key parts of WWF Code of Ethics:
• Recruit the right people in the right ways;
• Reward ethical behavior;
• Provide training materials, guidelines and tools
• Sign/agree to Policy&Conflict of Interest.
Please see the attached files for more details.