ADVANCEMENTS IN FRAUD AND FRAUD PREVENTION IN LATIN AMERICA
June 1st, 2008
BY PACIFICA GODDARD, in Caracas
LATIN AMERICA has long been notorious for its high levels of corruption, especially through money laundering, bribery and the illicit drug trade. And although the recent years of relative stability and democratisation in the region have brought economic progress, this has also widened the opportunities for fraudulent activities and fuelled an increasing sophistication by which they are performed.
As the economies of Latin America globalise and modernise, they are becoming more technologically oriented - opening up many new avenues ...
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