Curing the culture of fraud

Internal affairs

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Fraud is on the rise. In July, KPMG released statistics highlighting that from January to June, losses due to fraud in the UK alone reached £1.1 billion - a rise from £609 million during the same period last year. Almost half of this £1.1 billion was in the private sector. Perhaps more worryingly, a recent survey by Ernst & Young carried out across European institutions highlighted that one in 10 respondent companies had no anti-fraud measures in place at all. The financ