Recently, financial crimes have increased exponentially in many regions of the world. Considering that these crimes are usually due to accounting fraud, more sensitive and effective approaches to accounting fraud and corruption have started developing. In this context, regulations have been put into practice in many countries for measures to be taken against fraud and corruption.
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Dr. Simon Grima is the Head of the Department of Insurance, Faculty of Economics, Management and Accountancy, at the University of Malta, Malta.
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