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ARTICLE · 02 SEPTEMBER 2024

A Prime Target For Financial Fraud

MNP LLP
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Financial fraud is still on the rise in Canada, and Canadian businesses haven't been spared this trend. But why is Canada such a prime target...

CanadaCriminal Law
Corey Anne Bloom
Corey Anne Bloom
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Synopsis

  • Financial fraud is still on the rise in Canada, and Canadian businesses haven't been spared this trend. But why is Canada such a prime target?
  • An MNP survey shows that only 3% of business leaders perceive the risk of financial fraud for their company to be very high, while almost half of them believe it to be low or very low.
  • Because of the current financial fraud landscape and the new tactics being used, it is imperative that businesses do what's necessary to protect themselves.

Financial fraud is still on the rise in Canada. Radio-Canada recently published an article1 stating that the country was a « prime target » for international fraud. The questions we should ask are, "Is this true," and if so," Why"?

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