The PwC’s 2018 Global Economic Crime and Fraud Survey has found that only 49% of global organisations said they had been a victim of fraud and economic crime. In reality, though, too few companies are fully aware of the fraud risks they face. Companies who focus on removing siloes in functions like compliance, ethics, risk management and legal are less likely to face the devastation of fraud. Understanding the underlying principles gives businesses the opportunity to get ahead of fast-moving events, and to demonstrate to both internal and external stakeholders that it is on top of the issues.

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