Curing the culture of fraud

Internal affairs


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.

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