May 29 2019
WHEN it comes to falling victim to financial crimes, 82 per cent of Singapore companies surveyed did so over the past 12 months, according to a Refinitiv report.
This is compared with 75 per cent of companies surveyed across the Asia-Pacific, the provider of financial markets data and infrastructure said on Wednesday. Its report also found a “lax approach” to due diligence checks when onboarding new customers, suppliers and partners, which creates an environment where criminal activity can thrive.