Although proper methods are used to prevent fraud, there will always be employees that are dishonest. There are many ways to commit fraud, and a dishonest person that seeks for opportunities may very likely succeed in committing fraud. The need and greed for money or goods may exceed an employee’s salary, leaving the organization exposed to opportunists and organized fraudsters to defraud the organization. 10% of all employees are dishonest according to researchers.
Identifying potential fraudster is not easy, because fraudsters are not unique in appearance, they are usually conscientious employees who are considered above suspicion, they are intelligent, sly, and eloquent, having the ability to lie and manipulate others, they also often operate from a position of trust, having influential friends who can save them when they are caught, they are usually psychopaths and they are conversant with the law of fraud. They’re outer appearance is professional. They are neat and they wear nice clothes, always portraying a confident, egocentric image. Fraudster’s crimes are usually planned well, with an organized escape route, might something go wrong.
Mostly, fraudsters can only be caught after the crime is committed, by observing their behaviour. After the fact, they can feel good, indifferent, guilty, or they can fear the discovery of their crimes. So, overall, even after proper vetting, an organization can still employ a potential fraudster, because they will only be identified after fraud has been committed.