Manufacturing fraud warning

ORGANISERS of a free seminar in Sheffield next month are warning manufacturing businesses that they are particularly at risk from fraudsters.

Laurie Beagle, divisional director at P&A Receivables Plc, who is organising the fraud prevention seminar as part of the Global Manufacturing Festival: Sheffield, said: “Manufacturing companies are vulnerable because they deal with products rather than services.

“Fraudsters can more easily shift products and will have targeted a business where they know there is a market for those products.

“As 80% of fraud is carried out by someone with insider knowledge we will be advising businesses on how to tighten up their internal systems. Simple things such as checking out references to make sure that fraudsters don’t join your business in the first place. “

The seminar, on March 17 at the Crucible Theatre, will give businesses practical tips on how to prevent fraud.

The half-day event, which starts with a networking lunch at 12noon, includes sessions from PC Simon Cham, from the Metropolitan Police Service’s Operation Sterling, who will talk to delegates about the value of businesses sharing information to help prevent fraud.

Ben Lowens, a partner at Addleshaw Goddard, will be advising on what to do if businesses have a fraud. Laurie Beagle’s colleague, Conway Hotchkiss, from P&A’s Inspected & Protected division will give practical tips to help businesses protect themselves from fraud.

To book a place on the seminar email SarahQuinn@thepandapartnership.com or call 0114 275 5033.