New Zealand is perceived as being the least corrupt nation on earth, but perception doesn’t always match up to reality. Many of New Zealand’s largest businesses listed on the NZX50 don’t pass some fundamental best practice ethics tests and fraud is rife in smaller businesses, government departments are not immune Government dept WINZ fails to stop…
The level and value of fraud continues to increase significantly in New Zealand with $100 million dollars worth of it in the last six months, according to a press release by KPMG. The majority of it – $65 million dollars – was money stolen from investors. As before, managers remain the greatest risk to a…
Below is a recent press release from Transparency International, further evidence that NZ is rapidly losing the perception that it is a country that is free from corruption. The NZ Parliament and the private sector are viewed by Kiwis as the most corrupt institutions in New Zealand, with 4% of New Zealanders admitting to paying…
New Zealand, the country perceived to have the ‘lowest rates of corruption’ has suffered more than $72 million dollars worth of fraud in the first six months of 2010, but that is only the “tip of the iceberg” says KPMG forensics expert Stephen Bell. According to an article on Stuff: Cash-strapped Kiwis bitten by recession…
The secret’s out! Now we know what keeps that lavish Kiwi lifestyle of bachs, boats and bbqs afloat. Fraud is thriving in NZ due to the recession and it’s allowing people to pursue, or maintain, affluent lifestyles Regular readers may remember that we’ve commented on fraud and corruption a number of times in this blog,…
E2NZ.org 
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