Posts Tagged ‘banking’
Rise of Procurement Fraud in Southeast Asia And How to Prevent It
Estimated reading time: 4 minutes In recent years, procurement fraud, also known as contract fraud, is becoming more commonplace across Southeast Asia. With the region’s predicted GDP to be US$4 trillion by 2022, it is going to become the fifth-largest economy worldwide. This puts the ASEAN market in the international spotlight, further highlighting…
Read MoreReducing Risks of Money Laundering and Terrorism Financing
Estimated reading time: 4 minutes Money laundering and terrorism financing are financial crimes with economic effects, and act as a threat to economic and financial stability. These illicit activities can discourage foreign investment and alter international capital flows. Hence resulting in welfare losses, draining resources from more productive economic activities, and even have destabilizing…
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