Combat welfare fraud with data-driven supplier checks
Welfare fraudsters often exploit supply chains to commit irregularities. They may obscure their identity through complex corporate structures or collaborate with suppliers linked to high-risk areas or past criminal activity. Without thorough checks, organisations risk financial losses, diminished trust among stakeholders, and severe penalties from regulatory authorities.
The power of data in combating welfare fraud
A data-driven approach to supplier screening is crucial for identifying risks and preventing irregularities early. With sophisticated data analysis, organisations can detect critical warning signs that might otherwise be overlooked:
Hidden beneficial owners: Uncover connections between individuals and companies by analysing activities and changes that indicate risk.
Financial instability: Identify suppliers with payment issues or at risk of bankruptcy.
Historical insights: Gain insight into past events such as bankruptcies associated with company representatives.
Protect your organisation with effective screening
Effective supplier checks are essential for safeguarding your organisation against welfare fraud and other irregularities. By employing modern, data-driven solutions, you can identify risks early and take proactive measures to prevent criminal actors from infiltrating your supply chain. This is especially important for organisations managing public funds or operating in sectors with high transparency and compliance requirements, such as municipalities, regions, and government agencies.
Beyond minimising financial and operational risks, robust screening strengthens your organisation’s trust among citizens, partners, and regulatory authorities. These measures ensure that resources are used responsibly and that your operational goals are not jeopardised by external risk factors.
Strengthen screening with Roaring’s web service
Roaring offers a platform that allows you to quickly check, verify, and monitor information about suppliers and citizens. With our web service, you can conduct background checks and access reliable data to make informed decisions and combat welfare fraud.
Our risk analysis provides clear overviews, helping you identify threats and act proactively. With a single click, you can ensure that your resources are used responsibly. Learn more about our supplier screening services.
Roaring Talks
Watch our seminar featuring representatives from the Swedish Economic Crime Authority and the Police National Fraud Centre: Combat welfare fraud – How to make the process efficient and what does the law say?
