China-Based Executives See Less Fraud

China-Based Executives See Less Fraud

Kroll Associates, a leading investigative and risk-management firm, reports that businesses based in China experience less fraud. From The Wall Street Journal:

In the latest installment of Kroll’s annual survey, 70% of companies world-wide on average said that in the past 12 months they had been the victim of at least one fraud. Asked that same question for the survey, 67% of respondents based in China said so.

For comparison purposes, the most recent fraud “prevalence” figure for companies in the U.S. was 66% and it was 73% for those in Europe. In the latest report, Russia and sub-Saharan Africa posted higher figures, according to Kroll.

Last year’s global average was 61% and it was 65% in China. That suggests the world view worsened over the past year while the reading in China dipped slightly.

[…] The latest report says only 10% of companies are dissuaded from investment in China due to fraud, compared with 31% in Latin America. [Source]


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