Fraud costs financial and insurance sector $2.2 billion a year – The Australian Financial Review



The Australian Financial Review
Fraud costs financial and insurance sector $2.2 billion a year
The Australian Financial Review
Organised fraud, such as revenue and tax evasion, superannuation fraud and card and financial transaction fraud, is the biggest drain on the national purse costing overall around $6.3 billion, more than illicit drug trade, which costs about $4.4 billion.