Firms' anti-graft rules good in theory: EY poll
Such policies don't actually work well in practice, say 59% of Singapore execs in fraud survey
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[SINGAPORE] More than half of the Singapore executives (59 per cent) polled by Ernst & Young in its first Asia-Pacific Fraud Survey say that while their companies' anti-bribery and anti-corruption (ABAC) policies are good in principle, they do not actually work well in practice.
This finding comes even as fraudulent practices are on the rise - showing a worrying disconnect between the policies that are in place and how they are applied in practice.
The Singapore response was also above the Asia-Pacific average of 48 per cent.
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