Introduction

This document sets out the policy and procedures of moneymaking.ai and MONEYMAKERS HOLDING CORP. against fraud and other forms of dishonesty.
It applies to Directors, staff, distributors, investors, funded companies and volunteers. Anybody associated with moneymaking.ai and MONEYMAKERS HOLDING CORP. who commits fraud, theft or any other dishonesty, or who becomes aware of it and does not report it, will be subject to appropriate disciplinary and law action.

Statement of intent

Moneymaking.ai and MONEYMAKERS HOLDING CORP. will continually strive to ensure that all its financial and administrative processes are carried out and reported honestly, accurately, transparently and accountably and that all decisions are taken objectively and free of personal interest. We will not condone any behavior that falls short of these principles.
All members of moneymaking.ai and MONEYMAKERS HOLDING CORP. have a responsibility for putting these principles into practice and for reporting any breaches they discover.

Definitions

a) Fraud: A deliberate intent to acquire money or worth’s dishonestly through the falsification of records or documents. The deliberate changing of financial statements or other records by either; a member of the public, someone who works or is a volunteer for moneymaking.ai and MONEYMAKERS HOLDING CORP. The criminal act is the attempt to deceive and attempted fraud is therefore treated as seriously as accomplished fraud.
b) Theft: Dishonestly acquiring, using or disposing of physical or intellectual property belonging to moneymaking.ai and MONEYMAKERS HOLDING CORP. or to individual members of the organization.
c) Misuse of equipment: Deliberately misusing materials or equipment belonging to moneymaking.ai and MONEYMAKERS HOLDING CORP. for financial or material benefit.
d) Abuse of position: Exploiting a position of trust within the organization for financial or material benefit.

Culture

Moneymaking.ai and MONEYMAKERS HOLDING CORP. fosters honesty and integrity in its entire staff. Directors, staff, distributors, investors, funded companies and volunteers are expected to lead by example in adhering to policies, procedures and practices. Equally, members of the public, service users and external organizations are expected to act with integrity and without intent to commit fraud against moneymaking.ai and MONEYMAKERS HOLDING CORP.
As part of this, moneymaking.ai and MONEYMAKERS HOLDING CORP provides communication channels by which concerns may be raised by Directors, staff, distributors, investors, funded companies and volunteers.
Senior management are expected to deal promptly, firmly and fairly with suspicions and allegations of fraud or corrupt practice.

Responsibilities

In relation to the prevention of fraud, theft, misuse of equipment and abuse of position, specific responsibilities are as follows:
a) Trustee and Non-Executive Directors:
The Directors are responsible for establishing and maintaining a sound system of internal control that supports the achievement of the moneymaking.ai and MONEYMAKERS HOLDING CORP. policies, aims and objectives.
The system of internal control is designed to respond to and manage the whole range of risks which the moneymaking.ai and MONEYMAKERS HOLDING CORP. faces.
The system of internal control is based on an on-going process designed to identify the principal risks, to evaluate the nature and extent of those risks and to manage them effectively. Managing fraud risk is seen in the context of the management of this wider range of risks.
b) The Chief Executive Officer (CEO):
Overall responsibility for managing the risk of fraud has been delegated to the CEO. The day to day responsibility has been delegated to the CFO to act on behalf of the CEO.
Their responsibilities include:
  • Undertaking a regular review of the fraud risks associated with each of the key organisational objectives.
  • Establishing an effective anti-fraud response plan, in proportion to the level of fraud risk identified.
  • The design of an effective control environment to prevent fraud.
  • Establishing appropriate mechanisms for:
  • reporting fraud risk issues
  • reporting significant incidents of fraud or attempted fraud to the Board of Director Directors;
  • Liaising with the appointed Auditors.
  • Making sure that all staff are aware of the Anti-Fraud Policy and know what their responsibilities are in relation to combating fraud;
  • Ensuring that appropriate anti-fraud training is made available to Directors, staff and volunteers as required; and
  • Ensuring that appropriate action is taken to minimise the risk of previous frauds occurring in future.
c) Senior Management Team
The Senior Management Team is responsible for:
  • Ensuring that an adequate system of internal control exists within their areas of responsibility and that controls operate effectively;
  • Preventing and detecting fraud as far as possible;
  • Assessing the types of risk involved in the operations for which they are responsible;
  • Reviewing the control systems for which they are responsible regularly;
  • Ensuring that controls are being complied with and their systems continue to operate effectively;
  • Implementing new controls to reduce the risk of similar fraud occurring where frauds have taken place.
d) Staff
Every member of staff is responsible for:
  • Acting with propriety in the use of moneymaking.ai and MONEYMAKERS HOLDING CORP. resources and the handling and use of funds whether they are involved with cash, receipts, payments or dealing with suppliers;
  • Conducting themselves with selflessness, integrity, objectivity, accountability, openness, honesty and leadership;
  • Being alert to the possibility that unusual events or transactions could be indicators of fraud;
  • Alerting their manager when they believe the opportunity for fraud exists e.g. because of poor procedures or lack of effective oversight;
  • Reporting details immediately if they suspect that a fraud has been committed or see any suspicious acts or events;
  • Cooperating fully with whoever is conducting internal checks or reviews or fraud investigations.
e) Volunteers, Investors, Distributors and Funded Organizations
Every one is responsible for:
  • Acting with propriety in the use of the moneymaking.ai and MONEYMAKERS HOLDING CORP. resources and the handling and use of funds whether they are involved with cash, receipts, payments or dealing with suppliers;
  • Conducting themselves with selflessness, integrity, objectivity, accountability, openness, honesty and leadership;
  • Being alert to the possibility that unusual events or transactions could be indicators of fraud;
  • Alerting their manager when they believe the opportunity for fraud exists e.g. because of poor procedures or lack of effective oversight;
  • Reporting details immediately if they suspect that a fraud has been committed or see any suspicious acts or events; and
  • Cooperating fully with whoever is conducting internal checks or reviews or fraud investigations.

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