Glossary of Terms and Definitions

Glossary Term: Fraud

Definition:

Theft, misappropriation or misuse of funds or property or any illegal act to deceive others, and may result in the victim suffering a loss and/or the perpetrator achieving personal or business gain. Examples of fraud include but are not limited to: A financial system accounting entry intentionally made to represent what is not true or does not exist; Unauthorized alteration or use of financial documents and systems; Forgery of a signature, cheque, bank draft, or any other financial transaction document; Misappropriation of funds, supplies, or assets; Theft or misrepresentation of identity; Disclosure of confidential information to external entities for personal gain; and, Unauthorized destruction, removal, or use of records for personal gain.
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