PwC has been surveying trends in global economic crime since 2001 with the findings released bi-annually in the Global Economic Crime Survey. In that time, despite efforts to combat economic crime, there has been no clear indication that levels in the Middle East or globally have decreased. Economic crime remains as tough to tackle as it's ever been.
During our recent Global Trends in Enforcement and Investigations conference in early 2017, we surveyed 150 participants on how economic crime is impacting their organisation. In this snapshot, we outline the sentiments of the audience.
40% of respondents indicated that their organisations have never performed a fraud risk assessment
65% of respondents cited opportunity as the biggest factor driving crimes committed by employees
of all the economic crimes reported in the last two years were committed by staff.
of respondents indicated that their perception of the risk of cyber crime in their organisation has increased over the last 24 months
of respondents reported that their organisation restructured or reorganised departments
responsible for governance and compliance as a measure implemented in the last 24 months to address increased regulatory expectations
Partner, Forensic Services, PwC Middle East
Tel: +971 2 694 6800
Achraf El Zaim
Partner, Forensic Services Leader, PwC Middle East
Tel: +971 (0) 4 304 3132