Mark Simmons was quoted in Investment Monitor on how FDI investors and economic developers need to be careful as a "perfect storm" creates the potential for more fraud.
He said several factors tied to the pandemic, including the increase of virtual communication, can lead to a murkier atmosphere in the economic development community. He emphasized the importance of investors and economic developers being "hyper-vigilant" with due diligence during this period, especially when dealing with shell companies or countries with a history of corruption.
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