Economic crime a major problem for government and private sector

Economic crime remains a major problem and many billions are lost by both the private sector and government through theft and fraud every year‚ experts say. Kirsten Halcrow‚ CEO of EMPS‚ the oldest background screening company in SA‚ said although the latest crime statistics released by the South African Police Services (SAPS) showed a decrease in commercial crime it was common knowledge that many corporates did not report cases of internal fraud and theft for fear of damaging the company’s rep...