As the recently published KPMG Forensic Fraud Barometer shows, white-collar crime remains a significant source of financial loss in Switzerland. Organizations should take measures to protect their assets – and respond effectively if the worst should happen.
Every year, KPMG Switzerland reviews major cases of white-collar crime reported in various Swiss media outlets and sets out the findings in the KPMG Forensic Fraud Barometer. The 2020 edition of the KPMG Forensic Fraud Barometer only included articles concerning cases of white-collar crimes which were tried by Swiss courts and involved losses in excess of CHF 50,000. There were 52 such cases last year, accounting for total damages of CHF 355 million. Although this represents a slight decrease on the prior year (2019: CHF 363 million), it is still more than double the level of 2018 (CHF 166 million). Experience shows that many cases are never even reported, so the actual figures for white collar crime are likely to be several times higher.