Financial Crime Market Total: $1600 Billion ($1.6 Trillion)


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  1. Corruption and Bribery$1600 Billion ($1.6 Trillion)

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Data for Financial Crime Market Activity


Bribes paid in the education system of Russia

Filed under: Europe, Financial Crime

About $1 Billion is paid in bribes each year in Russia to secure admission requirements and passage of exams.

Source:  Peter Finn, “Taking On Russia’s Ubiquitous Bribery,” Washington Post, July  14, 2008.

Internet Fraud losses in 2009

Filed under: Financial Crime

The total dollar amount in losses to Internet Fraud in 2009 was $559.7 Million, according to the FBI.  The losses in 2009 was more than doubled the losses of $264.6 Million in 2008.

There were 336,655 total complaints reported to the FBI in 2009, an increase of 22 percent from the previous year.

16 percent of all complaints and the most reported scam involved scammers pretending to be associated with the FBI in order to gain access to information from victims.

Source: “Reported cyberfraud losses double in 2009: FBI,” Reuters, March 12, 2010.

Corruption on the US border

According to the Associated Press, from 2007 to 2010 there were over 80 corruption related convictions of law enforcement officials at all levels of government along the Southwest border.

In addition, about 10 percent of all new hires in the US Border Patrol are given a lie detector test. Out of the 10 percent given the test, 60 percent are found to be unsuitable for hire.

Source:  Associated Press, “US Customs: Mexican cartels corrupt border agents,” Google News, March 11, 2010.

2009 Phishing attacks in the United Kingdom

Filed under: Europe, Financial Crime

In 2009, banks in the United Kingdom reported 51,000 phishing incidents targeting customers, a 16 percent increase from the previous year.

Source:  Jeremy Kirk, “Counterfeit Card Fraud Drops by Half in the UK,” PC World, March 10, 2010.

Opium money from Afghanistan laundered to UAE

The United States Ambassador to Afghanistan reported in December 2009 that up to $10 Million in opium money is being funneled to the United Arab Emirates every day.

Source:  Zawya Dow Jones, “FOCUS: Dubai’s Dark Side Exposed By Al Mabhouh Killing,” Wall Street Journal, March 4, 2010.

North Korean women bribe guards to escape country with sex and money

Filed under: Asia, Financial Crime, Humans

South Korea’s National Human Rights Commission found that 20 percent of women in refugee camps bribes North Korean guards with either sex or money in order to defect from the country.

Source:  AFP, “N.Korea women refugees suffer abuse: watchdog,” Google News, February 22, 2010.

Police corruption leads to unsolved crimes in Russia

Filed under: Europe, Financial Crime

Russia President Dmitry Medvedev stated that police corruption and incompetence lead to 760,000 theft cases, 124,000 burglaries and over 2,000 murders or attempted murders to all go unsolved each year.

Source:  AFP, “Medvedev orders crackdown on Russian police corruption,” Google News, February 18, 2010.

Corruption cases increase in Italy

Filed under: Europe, Financial Crime

The number of corruption cases handled by Italian Officials increased by 229 percent in 2009 from 2008.

Source: “Corruption is surging in Italy, says state auditor,” Reuters, February 17, 2010.

Millions of Indian families pay bribes

Filed under: Asia, Financial Crime

Transparency International reported that around 4 million families in India were forced to pay a bribe to a public official to receive services in 2009.

Source:  David Chen, “Zero-rupee bribes for bent Indian officials,” Radio Australia, February 12, 2010.

Average amount a Greek family pays in bribes each year

Filed under: Europe, Financial Crime

Nearly every Greek family pays an average of $2,500 in bribes to public officials each year.

Source:  Sylvia Poggiol, “Economic Problems Threaten Greece’s Place In EU,” NPR, February 2, 2010.

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