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Article | REF: SE1216 V1

Fraud Risk Management in Organizations by using Artificial Intelligence

Authors: Nicolas DUFOUR, Matthieu BARRIER

Publication date: December 10, 2024 | Lire en français

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    9. Glossary

    Abuse of corporate assets

    Abuse of corporate assets, sometimes referred to as internal fraud, is an offence in which the director of a commercial company, or one of his or her employees, knowingly uses the company's assets, credit, powers or votes for direct or indirect personal gain. The penalty under the French Penal Code is five years' imprisonment and a fine of 375,000 euros, possibly accompanied by a temporary ban on the convicted executive from exercising professional or corporate functions.

    Breach of trust

    Breach of trust is when a person to whom money or property has been entrusted diverts the use of this property to his or her own benefit or for fraudulent purposes. The victim can lodge a complaint and claim compensation for damages. The extent of the sanction depends on the vulnerability of the victim and...

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