Post by account_disabled on Feb 25, 2024 1:41:21 GMT -5
The fight against economic crimes is a priority for both the authorities and the various economic agents, which was reflected in a change in the percentages of the latest 2016 Economic Crime Survey by the consulting firm PwC. Our country has a characteristic, traditional economic crimes such as asset embezzlement, bribery and corruption continue to prevail, in addition to both accounting and purchasing fraud. However, the use of privileged information is becoming more and more relevant, leading to greater sophistication in crimes. However, how much progress has been made? We explain it to you in the following graphs. 1. By type of crime Of the seven main crimes that the consulting firm highlights, asset embezzlement , which includes the theft of inventories, fixed assets, cash and other assets, remains the main crime that affects companies. In fact, it remains at the same levels as the previous survey. While bribery and corruption, in addition to procurement fraud, showed a significant reduction.
However, the biggest jump was observed in the greatest use of insider information, with an incidence more than double that reported in the previous survey. 2. By type of industry Transportation and logistics remains the activity with the highest incidence of economic crimes, even though in the last survey it registered a significant Bahamas Mobile Number List drop. The three main industries that have been most affected by crime are those related to the production and transportation of goods, hence the largest jumps were recorded in retail companies and manufacturing industries. Another factor is the significant expansion of the automotive industry, which has been accompanied by a significant growth in the impact of crimes committed. The energy, public services and mining sector recorded the largest drop in its incidence rate. 3. Cost of fraud The economic impact tends to be small amounts per criminal act each time.
According to the survey, the impact of crimes under $100,000 was recorded by 60 percent of the companies surveyed, that is, relatively small thefts that together have a significant economic impact. A relevant factor is that crimes involving more than a million dollars have seen a reduction in their impact rate. 4. Collateral damage The effects on the company are not limited to the economic effect, but also have implications in terms of personnel and image for the company. The greatest impact continues to be towards the morale of the employee, who becomes the most affected by a violent event. However, economic crimes are beginning to be a factor that affects business relationships, the reputation of the bran.
However, the biggest jump was observed in the greatest use of insider information, with an incidence more than double that reported in the previous survey. 2. By type of industry Transportation and logistics remains the activity with the highest incidence of economic crimes, even though in the last survey it registered a significant Bahamas Mobile Number List drop. The three main industries that have been most affected by crime are those related to the production and transportation of goods, hence the largest jumps were recorded in retail companies and manufacturing industries. Another factor is the significant expansion of the automotive industry, which has been accompanied by a significant growth in the impact of crimes committed. The energy, public services and mining sector recorded the largest drop in its incidence rate. 3. Cost of fraud The economic impact tends to be small amounts per criminal act each time.
According to the survey, the impact of crimes under $100,000 was recorded by 60 percent of the companies surveyed, that is, relatively small thefts that together have a significant economic impact. A relevant factor is that crimes involving more than a million dollars have seen a reduction in their impact rate. 4. Collateral damage The effects on the company are not limited to the economic effect, but also have implications in terms of personnel and image for the company. The greatest impact continues to be towards the morale of the employee, who becomes the most affected by a violent event. However, economic crimes are beginning to be a factor that affects business relationships, the reputation of the bran.
