Almost half of financial services firms believe financial crime has increased over the last two years, according to a report from the Financial Services Authority.
The survey of 655 firms reveals 46% believe financial crime has increased over the last two years, but it was major retail groups and large retail firms who were most likely to say this (70% and 67% respectively). Financial crime was also considered to be increasing among 48% of the smaller retail firms, but they were also inclined to say there was no difference over the last two years (31% for small retail firms compared with 20% for larger retailers). Those who said financial crime had increased were much more likely to say it would continue to do so in the next two years (80%), while...
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