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Whistleblowers: A Weapon in the Fight Against Fraud

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Most business leaders, anti-fraud and compliance specialists, and HR professionals understand financial fraud is not just a concern, but a genuine threat to their bottom line. But the true scale of the problem is so vast that few may recognize just how widespread—and how damaging—fraud truly is. A recent report issued by the Association of Certified Fraud Examiners (ACFE) stated flatly that “occupational fraud is very likely the largest and most costly form of financial crime in the world.” Even more alarmingly, the report estimates that annual losses from fraud are estimated to be measured in the trillions of dollars.

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