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More than 80% of Singapore firms suffer financial crime: Report

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A report found that 82% of Singapore-based companies suffered financial crimes in the past 12 months driven by a "lax approach" to due-diligence checks when onboarding new suppliers and partners, The Business Times reported. The report by U.S.-based research firm Refinitiv found that 42% of Singapore companies experienced financial crime from their own employees.

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