Banks should be prepared to invest in the training of their employees so as to accumulate adequate human capital for managing those risks associated with the changing banking environment. Most importantly, banks much exhibit high standards of good corporate governance. Externally, the dearth of punitive legislation has been sighted as one of the major factors promoting frauds.
As long as fraudsters know that even when sentenced, their illicit assets remain intact, they will continue in this business. Enactment of laws like the Anti-Money Laundering Bill that provides for the seizure of such assets may serve as a deterrent. To facilitate faster administration of justice, the Government could create specialized financial investigative sections of police.