I am wondering how many of your organizations utilize an fraud/ethics hotline? If you do, is it provided by an external vendor? How successful has it been in exposing fraud?
I have read the statistics and passed them along to management, but they have not been receptive. I do not believe it is because they are afraid of being "exposed" - I believe it is because they feel the cost would be greater than the benefit received.
Would anyone be willing to share their experiences (without revealing any sensitive information, of course)?
We operate our own ethics hotline. We are a small casino with approximately 500 employees. The Gaming Commission takes calls which are infrequent. I think having a hotline adds a positive note to the "tone at the top" that is said to be so important to helping prevent fraud.