The club and hotel  industry has traditionally been a target for all levels of fraud. Why? Because they are businesses with large amounts of cash-based transactions, making them a target for would-be criminals who need or want ‘quick cash’. 

Fraudulent behaviour ranges from theft of cash from cash registers and gaming machines, to much higher level frauds including payroll fraud, credit card fraud, and increasingly, illegal access and manipulation of venue, member and / or employee electronic data. 

Frauds can be committed by internal staff or external people including suppliers. No business is safe. Clubs and hotels need professional assistance with management of their operational day to day risks including the development of tailored risk management plans.

Such plans are as much about protecting your business reputation as they are about protecting your business against the occurrence of fraud and security risks. Organisations with a sound plan of corporate governance and risk management processes place themselves in a position to exceed in other areas of their business. 

The task of managing and mitigating the risk of fraud within clubs and hotels is often assigned to individuals balancing a host of other responsibilities. Bringing in a qualified and experienced consultant to conduct an operational review of the venue's current fraud prevention practices is recommended to initiate, or continue, a system of good governance. 

If you suspect Fraud at your club, learn more about Barringtons Investigations Services here. 

Jason Fullerton, Security Expert, Barringtons