Despite some 60% of respondents in developed countries believing their operations are at greater risk from fraud in emerging markets, Ernst & Young’s global fraud survey reveals they are in fact more likely to suffer fraud at home or in subsidiaries in developed countries.
Of those respondents having recently been victim of a serious fraud, 75% experienced it in a developed country and only 32% in an emerging market.
However, notwithstanding the perceived concerns about fraud in emerging markets, only one-fifth of respondents decided not to invest as a result and over a quarter do not explicitly consider anti-fraud measures when investing in a new market.
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