Global Economic Crime Survey 2007: Thailand Overview

We take great pleasure in presenting the Thailand Overview of the fourth biennial Global Economic Crime Survey 2007. This survey was conducted on behalf of PricewaterhouseCoopers and the Economic Crime Research Centre at Martin-Luther University in Halle-Wittenberg, Germany by international research agency TNS-Emnid.

The research was conducted in 40 countries, consisting of 5,428 companies around the world, including 894 in the Asia Pacific region. Seventy-eight Thai companies participated in the survey, covering a variety of industries.

Thailand highlights:

• Of all the Thai companies surveyed 51% had fallen victim to fraud in the past two years. This is higher than the Global and Asia Pacific percentages of 43% and 39%, respectively, and shows no improvement when compared to our 2005 survey.
• 83% of the Thai companies reported that they did not recover any of the losses at all.
• Thai companies that reported at least one incident of economic crime also stated that they were victimised on average 11 times over the last two years. The corresponding figures for Global and Asia Pacific were 8 and 7 times each, respectively.
• 62% of Thai companies who were victims of at least one case of economic crime in the past two years reported either significant or some intangible damages in addition to financial damages suffered.