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BFCSA
MORTGAGE
DISTRESS SOS

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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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BFCSA: CommBank's Policy on Fraud - just for a LAUGH

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https://www.commbank.com.au/about-us/who-we-are/sustainability/sustainable-business-practices/managing-fraud.html

 

MANAGING FRAUD

To achieve our vision, we are committed to working against financial crime, and have clear guidelines for all employees regarding their responsibilities and obligations with respect to the management and reporting of fraud.

Our Fraud Policy

Our Fraud Policy defines the Group's fraud control principles, mandatory requirements and accountabilities. It clearly articulates that the Group does not tolerate fraud and is committed to promoting and maintaining a sound ethical culture.

All employees, temporary staff, contractors and service providers must ensure they are aware of their responsibilities and obligations with respect to the prevention, detection and reporting of fraud.

This Policy is applicable to all businesses within the Group, including subsidiaries and joint ventures where the Group has a controlling interest.

Monitoring compliance

All business unit heads are required to identify and manage their fraud risks to protect the Group’s customers, assets and reputation.

All employees, temporary staff, contractors and service providers are required to:

  • Report all allegations, suspicions or detection of fraud
  • Adhere to the relevant fraud policy, standards, guidelines and procedures
  • Complete mandatory fraud and security training on a timely basis.

The Group has a Fraud Risk Management Assurance program in place to monitor policy implementation and compliance. The Group Fraud Policy is subject to Annual Review.

Speak Up

We are committed to embedding a culture of “speaking up.”

Learn more

 

 

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Guest Thursday, 29 October 2020