Global economic crime survey 2007: Chemicals industry supplement

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In our chemicals industry summary of results of the 2005 GECS, we reported the chemicals industry was in the midst of a major culture shift, with awareness of fraud and measures to combat it on the increase. Our 2007 survey results indicate that the prevalence of economic crime in the chemicals sector has leveled off. Indeed, in contrast to other industries, chemical companies appear to be suffering somewhat less. Just 35% of chemical companies reported being victims of economic crime, compared to 43% of companies across all industries, and down slightly from 37% in 2005. The average number of incidents (5.3) was also notably lower than across all industries.