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Nikkei Markets

Sharp increase in reported white-collar crime in Singapore

Investments to combat such crimes are also rising, survey shows

The economic crime and fraud survey examined over 7,200 respondents from 123 territories, of which 118 were from Singapore.   © Reuters

SINGAPORE (Nikkei Markets) -- Over a third of Singapore businesses said they were hit by fraud in the last two years as threats increased and detection methods improved.

According to a global survey conducted by PwC every two years, the proportion is a sharp rise from 2016, when just 22% of organizations in the city-state said they reported economic crime.

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