Fraud by long-serving employees rising, survey finds


Internal frauds committed by long-serving senior employees have become significantly more common, according to a survey published today by KPMG. Since its last global fraud survey in 2007, fraud by employees has risen from 69% of cases to 90%, the firm says.

Internal controls, meanwhile, are often powerless to catch fraudsters. The survey found that 24% of frauds were detected through tip-offs - either anonymous (14%) or via a formal whistle-blower process (10%). Another 13% were discovered by

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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