Financial crime within the industry will never be stopped completely but the risk and damage caused can be minimised. Banks and other financial institutions must put in place effective measures and keep up-to-date with latest developments to stop themselves becoming victims of financial crime. The consequences of financial crime are severe and companies could face the risk of losing their most valuable asset: a good reputation. Ultimately, if its reputation is tarnished, it will always be remembered to the organisation's detriment.

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