PWC: Economic Crime on Rise in Slovakia
The latest economic crime report on Slovakia published by PWC does not provide a positive picture of the developments in the country, with substantial increases in the perception of economic crime in the past three years.
Economic crime is increasingly common in the Slovak Republic. 34% of respondents indicated that their company has experienced economic crime within the last 24 months in the Slovak Republic; this represents a significant increase compared to GECS 2011 (21%). The current occurrence is in line with regional and global averages (38% and 37% respectively). 58% of organisations who suffered economic crime estimated the resulting total financial loss as USD 100,000 or more.
The Global Economic Crime Survey 2014 was carried out by PwC. It is the largest survey of its kind with 5,128 survey participants from 99 countries, including 76 respondents from Slovakia. The survey is intended not only to describe the current state of economic crime but also to identify trends and the perception of future risks.
Misappropriation, bribery, corruption and accounting fraud were among the strongest perceived forms of economic crime. The full report for Slovakia can be seen here.