Hong Kong's Central business district. Only 45 per cent of companies polled in the city said they had conducted due diligence on their suppliers or business partners. Photo: Dickson Lee

White-collar crimes spiked amid slowing economic growth globally, cost companies US$1.45 trillion last year, Refinitiv says

  • 75 per cent of companies polled in Asia-Pacific reported financial crimes, up from 49 per cent a year earlier
  • But companies are stepping up investment in technology to strengthen internal controls
Topic |   Financial regulation

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Hong Kong's Central business district. Only 45 per cent of companies polled in the city said they had conducted due diligence on their suppliers or business partners. Photo: Dickson Lee
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