FRAUD VALUE HALVES IN 2018, SAYS BDO
February 1st, 2019
THE TOTAL value of frauds committed in the UK fell 64.7% to GBP746.3 million (USD994 million) in 2018, from a record GBP2.1 billion (USD2.8 billion) in 2017, accountancy advisory firm BDO LLP announced this week. But the company’s annual FraudTrack report*, released February 25, however, shows that despite this dramatic fall in value, the number of reported fraud cases in Britain only decreased 9% – from 577 to 525 – during this time.
Moreover, only 1 in 50 UK-based fraud cases is likely to be reported, BDO partner and head of fraud Kaley Crossthwaite ...
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