---
title: Bill Pay - How Family Offices Can Protect Against Internal Fraud
description: Risclarity's Rick Higgins, CEO, explains why separation of duties and enforced workflows are keys to avoiding embezzlement and fraud within wealth firms.
---

[Insights: Risclarity Blog and Podcasts](https://insights.risclarity.com)

# [Bill Pay - How Family Offices Can Protect Against Internal Fraud](https://insights.risclarity.com/bill-pay-how-family-offices-can-protect-against-internal-fraud)

 Written by [Risclarity](https://insights.risclarity.com/author/risclarity) | Aug 8, 2024 7:00:00 PM

*"We've seen some catastrophic things in the industry. Embezzlement and fraud and other things that have taken place because there wasn't a strong separation of duties and there wasn't an enforced workflow"* notes Rick Higgins, Founder & CEO of Risclarity.

Listen to [Rick Higgins](https://www.risclarity.com/bios/rick-higgins) and [Carl Knecht](https://www.risclarity.com/bios/carl-knecht), CTO & President of Risclarity discusses with [Mark Wickersham](https://www.linkedin.com/in/markwickersham/) the common bill payment mistakes and how family offices can better protect against internal fraud when offering this valued service.

Resources  
[Risky Business - Risk in the Family Office - Blog](https://insights.risclarity.com/risky-business)

[Back Office Challenges - Podcast](https://insights.risclarity.com/the-back-office-challenges-family-wealth-firms-face)

Disclaimer  
Information provided is for educational purposes only. Opinions expressed and estimates or projections given are as of the date of the presentation and Risclarity has no obligation to update or provide notice of inaccuracy or change.

[View full post](https://insights.risclarity.com/bill-pay-how-family-offices-can-protect-against-internal-fraud)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Risclarity"
  },
  "dateModified" : "2024-10-15T21:42:44.339Z",
  "datePublished" : "2024-08-08T19:00:00Z",
  "headline" : "Bill Pay - How Family Offices Can Protect Against Internal Fraud",
  "image" : {
    "@type" : "ImageObject",
    "height" : 720,
    "url" : "https://insights.risclarity.com/hubfs/Common-Bill-Payment-Mistakes-subtitled.png",
    "width" : 1280
  },
  "mainEntityOfPage" : "https://insights.risclarity.com/bill-pay-how-family-offices-can-protect-against-internal-fraud",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Insights"
  }
}
```