Brazil's white-collar crime rising

Financial Crime

RIO DE JANEIRO/SAO PAULO - Brazil may be losing a whopping 6% of its GDP thanks to white-collar crime, making it one of the most exposed countries in the world to fraud, according to a recent report by KPMG. Of the countries that have reported suffering fraud, Brazil is second only to the US in terms of financial crime detected. The US only ranks higher because its rules are stricter and more stringently enforced, the report finds. The silver lining is that Brazil is set to impose tighter

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