When economies go south, not only are companies more likely to be the victims of fraud, but crimes committed in the past are more likely to be uncovered. Tadashi Kageyama, Kroll's Asia head of investigations, spoke about these risks at the annual Global Economic Crime Summit held in Hong Kong this week.
Fraud is increasing and I think it is increasing because people are seeing more, detecting more, so it is surfacing more, said Kageyama.
It is not until growth dries up, and companies become more diligent with regard to the costs of doing business, that acts of fraud become uncovered, he said.
The example he gives is of a Japanese bank where one employee...