The 'Economic Crime Around the World' infographic takes an in-depth look at the state of financial matters in some of the most troubled areas in the world and others that just might surprise you. The definition of economic crime used in this infographic compiled by GOOD and ColumnFiveMedia regards the crime as "asset theft, accounting fraud, bribery and cybercrime," listed in order of prevalence.
Japan has proven to be one of the safest places, economically speaking. With a reported level of only six percent in comparison to the worldwide average of 34 percent, it ranks the lowest. On the flip side, Kenya, South Africa, the United Kingdom, New Zealand, and Spain are ranked the top five in order. What may come as a surprise is that these countries are associated with higher development levels, links to respected international organizations and an overall greater established economic infrastructure. As a result it may be exactly these assets that draws a higher level of criminal economic activity.
Fraudulent Fiscal Figures
The 'Economic Crime Around the World' Lays it Out in Laymen Terms
Trend Themes
1. Increasing Economic Crime - The 'Economic Crime Around the World' infographic highlights the prevalence of economic crime, such as asset theft, accounting fraud, bribery, and cybercrime.
2. Divergent Global Economic Safety - The infographic reveals the stark contrast in economic safety between countries like Japan with a low level of only six percent and countries like Kenya, South Africa, the United Kingdom, New Zealand, and Spain with higher levels of economic crime.
3. Factors Influencing Economic Crime Rates - The infographic suggests that factors such as development levels, links to respected international organizations, and an established economic infrastructure can contribute to higher levels of criminal economic activity.
Industry Implications
1. Financial Technology (fintech) - The increasing economic crime trend presents opportunities for FinTech companies to develop innovative solutions for fraud prevention, cybersecurity, and asset protection.
2. Consulting - Given the divergent global economic safety, consulting firms can assist businesses in understanding and mitigating economic crime risks in different countries and regions.
3. Data Analytics - Data analytics companies can capitalize on the factors influencing economic crime rates trend by providing insights and predictive analytics to help identify high-risk areas and prevent financial crimes.