Fraud, embezzlement and money laundering could be costing insurers and brokers up to £11bn a year, a new report claims.
Business advisor RSM Robson Rhodes conducted a survey into crime in the finan …
Fraud, embezzlement and money laundering could be costing insurers and brokers up to £11bn a year, a new report claims.
Business adviser RSM Robson Rhodes conducted a survey into crime in the financial services industry.
The results suggest the financial industry spends £2.5bn combating economic crime despite losing £11bn to it annually.
Since the figures only indicate the crimes known by businesses surveyed, there are concerns that the true value of economic crime could be considerably higher.
The findings also suggests the problem is set to get worse.
