Jump to content
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

KPMG study


Senior executives commit half of Swiss corporate crime


Around 55% of all reported white-collar crime in Switzerland is committed by senior management, a KPMG survey estimates.

Corporate fraud is typically carried out by men (82% of cases) who are aged 46-55 years old and work for the organisation (64%), the consultancy firm’s latest Forensics study revealed on Tuesday.

An estimated 55% of the perpetrators are members of senior management and over one-third have been working for the firm for at least six years (2013: 41%).

The main drivers are personal financial gain to fund their lifestyle (64% of cases), greed (18%) and a sense that the crime could be easily committed (18%), the report said.

Philippe Fleury, head of corporate crime at KPMG Switzerland, said the alpine nation was ranked in third place with 20 major cases last year. In total, the consultancy identified 750 cases of corporate crime in 78 countries.

Fleury added the potential for misuse was rising with technological advances and businesses were doing little in terms of using technology to curb criminal activities.

“Given that the use of technology in white-collar crime will continue to rise, employing threat-monitoring systems and data analytics to detect anomalous or suspicious behaviour at an early stage is a must for organisations in today’s world,” he warned.

Of all of the cases of technology-enabled fraud investigated in Switzerland, 27% concerned false or misleading information in accounting records and 27% related to fraudulent e-mails.

Another 9% involved the abuse of existing access rights to computer systems.

For 64% of all fraudsters, weak internal controls are a key factor that is gaining importance, KPMG said.

Sign up for our free newsletter and get the top stories delivered to your inbox.


swissinfo.ch with agencies

Copyright

All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.

×