The Rise in Financial Crime in America

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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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