Through the provision of timely and professional advice, common people can be helped to manage their debt, improve money management skills and gain access to the structured financial system. Counselling can help solve current financial problems, create awareness about the costs of misusing a credit, can improve financial management and help develop realistic spending plans. Debt counselling/credit counselling can be both preventive and curative.
First, institutions should tightly control access to funds transfer systems and ensure that access settings enforce separation of duties, dual controls, and management sign-offs. Second, an institution's senior management should be restricted from regular access to business-line functional systems, especially funds transfer systems. When such restriction is impractical, additional controls must be in place and functioning effectively.