When we think of financial crime, few would consider procurement fraud to be one of the most pressing threats facing their business. Yet according to PwC, this form of fraud is the second-most commonly reported economic crime in the world, ranking above bribery, corruption and even cybercrime.
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PwC
The general public have a long-held misconception that the financial sector is inherently untrustworthy. Whether that’s a legacy of the financial crisis of the late 2000s or just a cliché that just won’t go away, it’s hard to avoid the fact that two-thirds of Britons do not trust banks.