SOUTH AMERICAN FRAUD BOLSTERED BY LAX LAWS
April 1st, 2013
DESPITE the presence of anti-fraud legislation, fraud and corruption are an everyday part of life throughout South America, where fraudsters are unlikely to be convicted, let alone penalised.“Penalties don’t really have an effect on fraudsters,” said Fernando Gamiz, an analyst at the Association of Certified Fraud Examiners (ACFE), with over 20 years of experience working on South American fraud. “There are penalties and there are sanctions in every country in the region, but it is very difficult to see them applied.”All South American countries are ...
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