Business Services Industry

The crooked end of town.

Australasian Business Intelligence, August, 2005

Byline: Mark Abernethy

Aug 10, 2005 (CA Charter - ABIX via COMTEX) -- Corporate crime is a serious problem in Australia. Tim Philips, partner in forensic

at Deloitte, says the public hears about the most prominent cases, but the total number of criminal offences is much higher. These may involve embezzlement, tax evasion, money laundering, intellectual property theft, collusion, industrial espionage, misleading of investors, anti-competitive behaviour, market-rigging, non-compliance with occupational health and safety laws, corruption and defrauding internal systems.

The PricewaterhouseCoopers Global Economic Crime Survey 2003 showed that 47 per cent of...

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