Ex-accounting coordinator for nonprofit sentenced to prison for embezzling $321K triblive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from triblive.com Daily Mail and Mail on Sunday newspapers.
Takeaway:
Financial crimes are not exclusively available to senior management, but rather anyone with access to company information could misuse confidential data.
Financial crimes are no longer strategic and singular, they are common and crude. Financial crimes, like fraud in general, is on the rise. While COVID-19 has created a remote work environment over the past year, it does not fully account for the steady progression of fraud in recent years. Financial crimes are no longer exclusively available to senior management. In fact, PwC’s 2020 survey, “Fraud and Economic Crime” indicates (click here for full PwC survey):
24% of fraudsters are operations staff,