Fraud and Replacement cost risk: Difference between pages

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''Law.''
The risk of loss arising from the need to replace a contract before having paid away the principal amount.  


A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage, usually, but not necessarily, a financial advantage.
Often quantified approximately as the expected profit foregone.
 
Financial frauds usually involve concealment as well as false representations.




== See also ==
== See also ==
*[[Advanced Persistent Threat]]
* [[Credit risk]]
* [[APP fraud]]
* [[Principal risk]]
* [[CEO fraud]]
* [[Cifas]]
* [[Dedicated Card and Payment Crime Unit]]
* [[Extrinsic evidence]]
* [[Faithful representation]]
*[[False accounting]]
* [[Forgery]]
* [[Fraud Advisory Panel]]
* [[Fraud on the minority]]
* [[Fraudulent trading]]
* [[Money mule]]
* [[Pensioner existence fraud]]
* [[Ponzi scheme]]
* [[Segregation of duties]]
* [[Misrepresentation]]
* [[Serious Fraud Office ]]
* [[Software robot]]
* [[Wire fraud]]
 
 
==Other links==
[http://www.treasurers.org/node/9465 UK businesses fined over £166m for misconduct, Sally Percy, Oct 2013]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Financial_risk_management]]
[[Category:Risk_frameworks]]

Revision as of 14:50, 20 August 2013

The risk of loss arising from the need to replace a contract before having paid away the principal amount.

Often quantified approximately as the expected profit foregone.


See also