Archive for the ‘Financial Crime Report’ Category
Financial Crime Report
The Report on economic crime and corporate fraud in Spain, prepared by PricewaterhouseCoopers, from the global survey, conducted between July and November 2009, which was attended by 54 countries and over 3,000 respondents, shows that : asset misappropriation (28%), bribery and corruption (13%) and accounting manipulation (11%) represent the repeated frauds in Spanish companies.
In times of economic downturn like this, the motivations of some agents to commit fraud are increasing, mainly due to the requirement to maintain the economic performance of companies as well as achieving the objectives set or established. This is the main conclusion despite the increase in regulatory actions and anti-fraud controls introduced in recent years, economic crime, in all its categories, remains a threat that affects companies.