Fraud prevention in the Indonesian banking sector using anti-fraud strategy
Fraud and financial crimes involving banking employees have become serious and complex problems throughout the world, including Indonesia. This study aimed to analyze a fraud prevention through anti-fraud strategy and modified situational crime prevention theory. Data were obtained using a questionn...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2023-12-01
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| Series: | Banks and Bank Systems |
| Subjects: | |
| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19410/BBS_2024_01_Shonhadji.pdf |
| _version_ | 1797374849039990784 |
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| author | Nanang Shonhadji Soni Agus Irwandi |
| author_facet | Nanang Shonhadji Soni Agus Irwandi |
| author_sort | Nanang Shonhadji |
| collection | DOAJ |
| description | Fraud and financial crimes involving banking employees have become serious and complex problems throughout the world, including Indonesia. This study aimed to analyze a fraud prevention through anti-fraud strategy and modified situational crime prevention theory. Data were obtained using a questionnaire distributed and interviewed to accounting officers, marketing departments, customer services, tellers, operational supervisors and risk management of banks in Indonesia. Respondent filled in 217 questionnaires completely. The data analysis technique used is a path analysis technique with the WarpPLS. The results show that anti-fraud strategies have a positive effect on fraud prevention. Banking in Indonesia has succeeded in implementing anti-fraud strategy through a whistleblowing policy, which focuses on efforts to protect whistleblowers and disclose potential fraud, compliance with the implementation of internal controls in activity units, and the proper functioning of risk management. The modified situational crime prevention theory also has a positive effect, and religiosity is a moderating variable. The results have also informed that banks have attempted to create conditions and awareness for perpetrators that the benefits of fraud are less and not commensurate with the high risks borne, and narrowing opportunities and providing strict sanctions to perpetrators can prevent fraud. |
| first_indexed | 2024-03-08T19:11:42Z |
| format | Article |
| id | doaj.art-804d3f7d24f64840863d7f4a7114ea95 |
| institution | Directory Open Access Journal |
| issn | 1816-7403 1991-7074 |
| language | English |
| last_indexed | 2024-03-08T19:11:42Z |
| publishDate | 2023-12-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Banks and Bank Systems |
| spelling | doaj.art-804d3f7d24f64840863d7f4a7114ea952023-12-27T11:10:13ZengLLC "CPC "Business Perspectives"Banks and Bank Systems1816-74031991-70742023-12-01191122310.21511/bbs.19(1).2024.0219410Fraud prevention in the Indonesian banking sector using anti-fraud strategyNanang Shonhadji0https://orcid.org/0000-0001-6697-3209Soni Agus Irwandi1https://orcid.org/0000-0001-9184-9955Ph.D., Lecturer, Faculty of Economics and Business, Department of Accounting, University of Hayam Wuruk Perbanas, IndonesiaPh.D., Lecturer, Faculty of Economics and Business, Department of Accounting, University of Hayam Wuruk Perbanas, IndonesiaFraud and financial crimes involving banking employees have become serious and complex problems throughout the world, including Indonesia. This study aimed to analyze a fraud prevention through anti-fraud strategy and modified situational crime prevention theory. Data were obtained using a questionnaire distributed and interviewed to accounting officers, marketing departments, customer services, tellers, operational supervisors and risk management of banks in Indonesia. Respondent filled in 217 questionnaires completely. The data analysis technique used is a path analysis technique with the WarpPLS. The results show that anti-fraud strategies have a positive effect on fraud prevention. Banking in Indonesia has succeeded in implementing anti-fraud strategy through a whistleblowing policy, which focuses on efforts to protect whistleblowers and disclose potential fraud, compliance with the implementation of internal controls in activity units, and the proper functioning of risk management. The modified situational crime prevention theory also has a positive effect, and religiosity is a moderating variable. The results have also informed that banks have attempted to create conditions and awareness for perpetrators that the benefits of fraud are less and not commensurate with the high risks borne, and narrowing opportunities and providing strict sanctions to perpetrators can prevent fraud.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19410/BBS_2024_01_Shonhadji.pdfbankfinancial crimefraudhigh risknarrow opportunitywhistleblowing |
| spellingShingle | Nanang Shonhadji Soni Agus Irwandi Fraud prevention in the Indonesian banking sector using anti-fraud strategy Banks and Bank Systems bank financial crime fraud high risk narrow opportunity whistleblowing |
| title | Fraud prevention in the Indonesian banking sector using anti-fraud strategy |
| title_full | Fraud prevention in the Indonesian banking sector using anti-fraud strategy |
| title_fullStr | Fraud prevention in the Indonesian banking sector using anti-fraud strategy |
| title_full_unstemmed | Fraud prevention in the Indonesian banking sector using anti-fraud strategy |
| title_short | Fraud prevention in the Indonesian banking sector using anti-fraud strategy |
| title_sort | fraud prevention in the indonesian banking sector using anti fraud strategy |
| topic | bank financial crime fraud high risk narrow opportunity whistleblowing |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19410/BBS_2024_01_Shonhadji.pdf |
| work_keys_str_mv | AT nanangshonhadji fraudpreventionintheindonesianbankingsectorusingantifraudstrategy AT soniagusirwandi fraudpreventionintheindonesianbankingsectorusingantifraudstrategy |