Global BV News: Most large firms suffer major impact from illicit activity

BVWireIssue #229-4
October 27, 2021

global business valuation
international valuation standards, business valuation profession, international business valuation, fraud, cybersecurity

Kroll’s Global Fraud and Risk Report reveals that 57% of respondents at companies with a turnover of more than $15 billion reported a very significant impact of illicit activity, such as fraud, corruption, and money laundering, on their organization, with a further quarter (25%) describing the impact as somewhat significant. This trend continued for firms with an annual revenue of between $10 million and $15 billion, with 48% of respondents saying their organization had been very significantly impacted and 44% reporting the impact was somewhat significant.
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