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Economic Crime

South Africa world leader for all the wrongs reasons:

The PwC Global Economic Crime Survey revealed on Wednesday that South African organisations had reported the highest rate of economic crime in the world over the last two years.

69% of South African organizations have been victims of economic crime

32% have been victims of cyber crime

Louis Strydom, Forensic Services Leader for PwC Africa: “When compared to the global statistic of 36%, we are faced with the stark reality that economic crime is at a pandemic level in South Africa. No sector or region is immune from economic crime”

Overall, the reports found that business detection and response plans were not keeping pace with the level and range of threats now facing organizations.

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It is simply not enough to do a basic credit check on a new credit applicant and assume that your company won’t have any future problems. All of the requests that we receive lately in tracing absconding debtors had clear credit records. There are a lot of fraudsters out there. We can provide you with a comprehensive verification and risk analysis report (Company/Business report as well as individual reports on 2 directors + risk analysis + verification services with South African Fraud Prevention Services, deeds information or Company Properties , CIPRO information/Linked Directors Companies, Home Affairs verification, Bank Account verification, Company Loans/Bonds, Judgements and Defaults, Company Auditors and all relevant information to make an informed lending decision).