Financial fraud is one of the most pervasive challenges in today’s global economy. As financial systems become more digital and interconnected, opportunities for fraudsters have increased significantly. From individual consumers to multinational corporations and governments, no one is completely immune. Understanding what financial fraud is, how it occurs, and how it can be prevented is essential for building trust and resilience in financial systems.
Financial fraud refers to deliberate acts of deception intended to secure unlawful financial gain. It typically involves misrepresentation, concealment of facts, or abuse of trust. Fraud can be carried out by individuals, organized groups, or even insiders within organizations.Common characteristics of financial fraud include:
Please review the complete document prepared by our team member, Sonam.
