KPMG | Global news | Fraud

An overview of KPMG global news:

United Kingdom

Uptick in money laundering cases reaching court New figures relating to UK fraud cases suggests that new anti-money laundering measures are having the desired impact.
03 September 2024
Canada

As fraud costs increase, companies look to emerging tech to cut risk With more companies reporting instances of fraud, a KPMG Canada survey found 85% of Canadian organizations are interested in using new and emerging technology to fend off potential attacks.
08 March 2023
United Kingdom

Volume of UK fraud falls but value booms past £1 billion Fraud cases of more than £100,000 declined in number through 2022 – falling by more than one-quarter from the previous year.
27 February 2023
Singapore

KPMG to help courts with one of Singapore's biggest fraud cases Singapore’s high court has called in KPMG to support with a potentially fraudulent nickel trading scheme that involved allegedly illicit investments of roughly $750 million.
26 May 2021
Australia

Corporate fraud on the rise as ASX 200's bend focus to covid-19 Corporate Australia is more vulnerable than ever to fraud under Covid-19 conditions, according to a study, with some cases already emerging of corrupt practices that are taking advantage of the circu
02 June 2020
United Kingdom

Value of large fraud in UK booms to more than £1 billion After major cases of fraud declined drastically in 2018, news has broken that the value of fraud worth over £100,000 has surpassed the £1 billion mark once more.
03 February 2020
South Africa

Nedbank becomes latest client to terminate contract with KPMG SA Global professional services firm KPMG’s operations in South Africa have taken yet another hit, this time in the form of a contract termination from one of the country’s major financial institutions
06 November 2018
South Africa

Details unveiled of KPMG involvement in the VBS corruption scandal Following an extended period of restructuring efforts, global professional services firm KPMG’s reputation has taken another severe blow in South Africa, this time through allegations about corruptio
17 October 2018
Malaysia

KPMG says previous audits invalid in latest Malaysia 1MBD development In the latest 1MBD development, one-time auditor KPMG has informed the scandal-hit Malaysian state-fund that its previous audits are invalid.
29 June 2018
South Africa

KPMG SA to cut staff and fly in international reinforcements for damage control Following alleged involvement in the Gupta scandal, and the prolonged period of persecution that has followed, global professional services firm KPMG has announced yet another restructuring of its op
27 June 2018
South Africa

After McKinsey, KPMG has now been dropped by Barclays South Africa After three of South Africa’s major financial institutions terminated their contracts with McKinsey & Company in light of the Gupta scandal, a similar fate might be awaiting global accounting and adv
07 May 2018
United Kingdom

Cybercrime and crisis insurance products to boom in coming years Insurance against a range of risks in the political risk and crisis management space are set to boom in the coming years, after a period of lacklustre profitability growth within the market.
13 September 2016
United Kingdom

KPMG launches internal probe into audits of FIFA KPMG International has launched an internal probe into its Swiss arm’s audits of FIFA.
29 September 2015
United Kingdom

KPMG: Cybercriminals moving from mass to personal Cybercrime in the year 2015 will be more personal as cyber-criminals will selectively target their victims instead of using mass spear-fishing tactics, says KPMG.
31 December 2014

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