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back to index backEUROtalk March,  2017


Losses from white-collar crime in Switzerland in the billions

The most recent KPMG Forensic Fraud Barometer shows that Swiss courts tried 57 cases of white-collar crime in 2016. While this might be significantly fewer cases than the year before, the total losses exceeded CHF 1.4 billion, a record high since KPMG began gathering data. The average loss incurred by investors was CHF 165 million while losses in cases involving the federal government came to CHF 13 million on average.

Last year, 57 cases of white-collar crime caused losses of CHF 1.4 billion in Switzerland. This is one of the findings presented in the latest issue of the KPMG Forensic Fraud Barometer which analyzes court cases tried in public and reported in the media every year. One striking difference over the previous year is the extremely high value of total losses incurred which rose from CHF 280 million to CHF 1.4 billion. This all-time high is mainly attributable to one case involving a loss of CHF 800 million and three cases involving amounts of more than CHF 125 million each.

To read entire article, please click here.

Source: KPMG Switzerland - GAI



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