The FDIC has long recommended [1] mandatory vacation blocks as a fraud-detection tool: It is the FDIC's goal that all banks have a vacation policy which pr

The FDIC has long recommended [1] mandatory vacation blocks as a fraud-detection tool: It is the FDIC's goal that all banks have a vacation policy which provides that active officers and employees be absent from their duties for an uninterrupted period of not less than two consecutive weeks. Such a policy is considered an important internal safeguard largely because of the fact that perpetration of an embezzlement of any substantial size usually requires the constant presence of the embezzler in order to manipulate records, respond to inquiries from customers or other employees, and otherwise prevent detection. The idea has spread in recent years [2]. [1] https://www.fdic.gov/news/news/financial/1995/fil9552.html https://www.fdic.gov/news/news/financial/1995/fil9552.html [2] http://www.marketplace.org/topics/business/easy-street/credit-suisse-makes-life-little-harder-aspiring-rogue-traders http://www.marketplace.org/topics/business/easy-street/credi...