As your nonprofit organization operates in the real world to serve your community and carry out its mission, there are risks and vulnerabilities for fraud to occur. In addition to the potential for financial losses, falling victim to fraud can have serious reputational consequences for your organization as well.
On Tuesday, January 25, Grassi Nonprofit Practice Leader, David Rottkamp, and BankUnited Vice President and Treasury Solutions Team Lead, Maureen Estremera, hosted a live video session discussing types of fraud that can occur within the industry, how your nonprofit may be targeted, and the best practices for prevention. Topics of discussion included:
- Identifying potential areas of fraud vulnerability within your organization
- Internal controls to implement to aid in fraud prevention
- Best practices for accepting digital payments
- Strategies to reduce your overall risk to fraud
Ensure you are well informed and that your nonprofit organization is taking appropriate steps to help mitigate fraud vulnerabilities.