Business Insight – Caribbean’s Fraud Plan: The Gray-t Escape

Government entities and private sector organisations lose between 0.5% and 5% of their spending revenue to fraud and related losses, according to international estimates.

According to CIBC FirstCaribbean International Bank’s Chief Compliance Officer, Candice Huggins, what makes it even more challenging is the fact that the vast majority of fraud goes undetected.

Sunil Lalla has more in this week’s Business Insight.

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