A report on the key findings
New Zealand businesses are too complacent about the growing risk of bribery and corruption. Fraud continues to be a growing problem in New Zealand.
One organisation surveyed in our latest Fraud, Bribery and Corruption Survey suffered a $1.5m loss resulting from ‘inappropriate selection of third party distributors’.
The total value lost to fraud is trending upwards, having increased by more than 7% since the 2008 survey.