Vendor and Supplier Fraud: Managing Collusion and Third-Party Risk

Vendor and supplier relationships can present hidden risks, particularly where oversight is limited or long-standing relationships go unquestioned. Collusion, inflated billing, and conflicts of interest can quietly erode financial controls and governance standards.

Investigating third-party fraud requires careful examination of procurement processes, transaction patterns, and interpersonal relationships. An independent approach helps identify irregularities while preserving operational continuity and confidentiality.

Effective vendor fraud investigations not only uncover misconduct but also highlight systemic weaknesses, allowing organizations to strengthen controls and reduce future risk.