FRAUD THE BIGGEST RISK FOR MIDDLE EAST COMPANIES

On 27th May, Gulf News reported that 48% of Middle East respondents cited fraud and corruption as the greatest risk to their company, followed by cyberattacks, according to EY Global Fraud Survey.  The findings show that there is often a lag between the introduction of stronger anti-corruption laws and a change in behaviour. This year’s survey found that 42% of executives surveyed in the Middle East believe that corrupt practices still occur widely in business.

https://gulfnews.com/business/sectors/markets/fraud-biggest-risk-for-middle-east-companies-1.2227670?src=ilaw

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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