Global losses from fraud, including bank fraud, reached a staggering $485 billion, according to Morningstar. Alarmingly, 62% of organisations reported an increase in fraud attempts, with many noting a worsening impact.As governments and regulators adopt more proactive measures, the stakes have never been higher. Compliance is no longer enough—accountability is now the demand. Those failing to prevent financial crime will face significant penalties.Fraud-related activities have also escalat...
