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Over £1bn of alleged fraud hits UK Courts

Recording fraud cases of more than £100,000 hitting UK Courts, KPMG’s Fraud Barometer reports a total of £1.1 billion alleged fraud in 2019, the sixth largest value in the report’s history.

Over £1bn of alleged fraud hits UK Courts
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Amongst the main targets were commercial businesses and the general public, with alleged cases of insider fraud against businesses more than doubling in value compared to 2018. Alleged fraud against businesses involving traditional embezzlement against employers, manipulation accounts or abuse of position accounted for over £192 million in UK Courts in 2019, compared to £109 million in 2018.

Read more at the Accountancy Daily.

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