Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 45

Investopedia describes embezzlement as “a form of white-collar crime in which a person or entity misappropriates the assets entrusted to them. In this type of fraud, the embezzler attains the assets lawfully and has the right to possess them, but the assets are then used for unintended purposes.”[66] The corresponding risk can then be defined as the risk of losses resulting from the embezzlement or breach of trust.