The Rise in Financial Crime in America

The Economist is reporting that there were over 730,000 counts of suspected financial wrongoing recorded in America last year. Financial institutions filed nearly 13% more reports of fraud compared with 2007. The number of mortgage frauds rose by 23% to almost 65,000.

This poses the classic compliance conundrum: Is there more fraud occurring, or is more fraud being detected/reported?

US-financial-Fraud

Author: Doug Cornelius

You can find out more about Doug on the About Doug page

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