The survey reveals that 41% of Malaysian companies reported experiencing economic crime in the last two years, up from 28% in 2016. At the global level, we’re seeing figures that paint a similar picture. Fraud rates are at an all-time high. Worryingly, these numbers are “detected and reported” fraud and do not necessarily cover all instances of fraud. How equipped are Malaysian companies in the fight against fraud, and are organisational cultures driving the right behaviours?
Fraud in Malaysian organisations remains at worrying levels, affecting businesses in more diverse ways than ever before.
PwC's Global Economic Crime and Fraud Survey 2022 respondents reported total losses of US$42B, on top of the damage to brand, reputation and market share.
Here are our latest thoughts on the future outlook of anti-bribery and anti-corruption.