White-collar crime spiked amid slowing economic growth globally, cost companies US$1.45 trillion last year, Refinitiv says

Slow economic growth globally has led to a spike in white-collar crimes such as fraud and money laundering, according to a survey by data company Refinitiv.In Asia-Pacific, 75 per cent of the companies polled reported that they had been victims of such crime over the 12 months to the end of March 2019, up from 49 per cent a year earlier, Refinitiv said on Wednesday. Globally, 72 per cent of the companies polled reported white-collar crime in the same period, up from 47 per cent over the… Source link

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