UK economic crime figures show both fraudsters and fraud schemes are maturing.While the majority of economic crimes are committed by external parties, a significant percentage of frauds are still being carried out by employees. We’re also seeing that the ‘typical’ fraudster is getting older and more senior, making it more difficult than ever to detect wrongdoing. The challenge for businesses, then, is to minimise the opportunities to commit economic crime and ensure that there is a robust fraud risk assessment framework in place. This means keeping up-to-date on new threats and new ways to prevent, detect and respond effectively to those threats.

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