UAE businesses must add whistle-blowing policy as part of best practices

As defense against corporate fraud, a strong whistle-blowing policy has its merits

Financial frauds are a burgeoning menace in the corporate landscape.

A broad overview of stats reveals how essential it is for businesses to get a grip on keeping financial frauds and risks at bay. As per an industry study on the cost of fraud in Europe, Middle East and Africa, 42 per cent of companies in the UAE reported an increase in fraud over a period of one year.