Canada has one of the highest rates of corporate type fraud in the industrialized world, representing a real and substantial risk to business. In the Global Economic Crime Survey 2009, PricewaterhouseCoopers found that economic crime in Canada was at its highest level in six years. Further, a recent KPMG survey found that 69% of frauds were inside jobs. If not properly managed, this is a problem that can take a significant toll and even lead to the failure of a business. Yet, companies are not defenseless against potential threat; by understanding the options available, the risk of a rogue employee can be mitigated. Published in the June 2011 edition of
Pulse by the Ontario Risk and Insurance Management Society.
Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.
For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.