Download 2009 Global Economic Crime Survey

Download 2009 Global Economic Crime Survey (1.6mb)

The 5th Global Economic Crime Survey

The survey, entitled Economic crime in a downturn, is based on more than 3,000 companies in 54 countries. It is the largest, most comprehensive international survey of economic crime worldwide.

Highlights:

• Despite the attention of regulators and companies' investment in controls, fraud remains one of the most problematic issues for companies around the world.
• The actual level of economic crime and associated financial and non-financial losses has not decreased.
• One third of companies fell victim to economic crime in the past twelve months.
• The report finds that economic crime is intractable because of the many kinds of fraud and the broad range of employees, including senior executives, who commit them.
• It concludes that companies cannot rely on fraud controls alone to detect and deter economic crime. Companies need to build loyalty to the organisation, give employees the confidence to do the right thing, and put in place clear sanctions for those who commit fraud, regardless of their position in the company.