PwC has issued its 2011 Global Economic Crime Survey: Middle East Report. The survey gathered information from 126 respondents from Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates and the West Bank Region. Respondents included C-suite executives, senior vice presidents and heads of departments. 26 percent of respondents represented listed companies and 25 percent represented government organisations and state owned enterprises. 42 percent of respondents represented organisations with more than 1,000 employees.
The findings in this survey come from these respondents reporting their experiences of economic crimes in their organisations. The survey gathered information on the different types of economic crime, their impacts (both financial loss and collateral damage), the perpetrators of these crimes, what action the organisation took and how they responded to the crime.
Below are some of the highlights from the results of the survey: