Economic crime in a digital age
Insight Reports, 2 March 2020
Economic growth flourishes on technological advances, but criminal activity also responds and reacts creating challenges for regulators, legitimate businesses and their customers, auditors and advisers alike. As Kevin Dancey, CEO of IFAC, highlights in the foreword to ACCA and EY’s report, financial crime costs the world more than the GDP of the UK every year – and even that US$3.5 trillion figure is just one measure of the human toll as people lose savings, jobs and sometimes more.
Against the backdrop of the current rapidly changing technological landscape, ACCA and EY have explored the evolving role of accounting and finance professionals, regulators and government institutions in combating economic crime in the digital age.