APS Launches Fraud Risk Management ProgramDecember 1, 2014
Over 330,000 Albertans rely on and trust APS to deliver pension services. Each year, APS manages over $5 billion in pension plan transactions. It's imperative that APS deliver its services in a way that builds and maintains the utmost confidence with its clients.
With that in mind, APS has implemented a new Fraud Risk Management Program. The focus of the new program is prevention. Strong internal control policies, processes, and procedures, will help prevent fraud by making APS less attractive to both internal and external criminals.
Key Features of the Fraud Risk Management Program
- New policies in addition to the Code of Conduct and Ethics Policy: Fraud Prevention Policy and Whistleblower Policy.
- New training: Fraud Awareness Training, which all staff must complete annually.
- New fraud reporting method: EthicsPoint hotline and online reporting system.
Staff, APS’ external clients, and members of the public, can use EthicsPoint to report any identified instances of wrongdoing related to fraud, code of conduct and ethics, or any other serious misconduct.
A key feature of EthicsPoint is the ability to file a confidential, anonymous report via phone or Internet.
"Do The Right Thing" is at the core of APS' Values. The Fraud Risk Management Program will further cultivate the culture of integrity and ethical decision-making that already exists at APS.