Why do people commit fraud?
Fraud does not just happen by accident. One of the most widely used ways to understand this is the Fraud Triangle, a concept developed by criminologist Donald Cressey.
Let's Talk Fraud
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Let's Talk Fraud
What is fraud?
Fraud is growing at an alarming rate. According to the Nasdaq Verafin 2026 Global Financial Crime Report, global illicit financial activity has risen by $1.3 trillion, reaching an estimated $4.4 trillion in 2025. In Europe alone, the European Union recorded $154.4 billion in cross-border illicit flows (global-financial-crime-report-2026-nasdaq-verafin). Malta is no stranger to fraud either.
While online fraud remained a significant threat in Malta, with victims losing an estimated €12.5 million in 2023, up from €8.5 million in 2022, recent figures suggest a positive trend. According to the Annual Crime Review 2025, reported fraud cases fell by 20%, decreasing from 2,394 cases in 2024 to 1,907 cases in 2025. (CrimeMalta_Report2025)
Who commits fraud?
Organisational fraud is rarely the work of career criminals or obvious wrongdoers. Instead, it is often perpetrated by trusted, exemplary employees who have earned the organisation’s confidence over time.
Behavioural red flags of a fraudster
Fraud rarely occurs without warning, though its signs are often overlooked. Individuals committing organisational fraud frequently exhibit behavioural changes that serve as early indicators of potential misconduct. Recognising these red flags is crucial for early detection and prevention.
International Fraud Awareness Week
Forvis Mazars in Malta: Proud Sponsors of 2025 International Fraud Awareness Week
Want to know more?
Alan Craig Advisory Partner - Birkirkara
Rebekah Barthet Forensic Investigation Services Associate Director - Birkirkara
