Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Abuse revealed in more than a third of Swiss companies

byCT Report
16/05/2019
in Uncategorized
Share on FacebookShare on Twitter

Suspected cases of embezzlement, tax fraud, money laundering and sexual harassment have been reported in 35% of companies in Switzerland, according to an international whistleblowing study.

Researchers polled nearly 1,400 companies with more than 20 employees in Switzerland, neighbouring Germany and France as well as in Britain.

You might also like

Wheat, flour prices expected to decline after imported wheat arrives

29/10/2026

Pakistan & China to operationalize Green Channel at Sost-Khunjerab Border

29/10/2026

The survey found most suspected cases in companies headquartered in Germany (43%), ahead of Britain (40%) and French companies (38%). Reports from Swiss companies account for 35%, according to a survey published on Wednesday by the university of applied sciences of Churexternal link.

The situation is worst in companies with more than 249 employees, the study authors said.

The European Parliament approved a directive in April asking companies with more than 50 employees to set up reporting offices for whistleblowing.

The percentage of companies complying with the EU directive varies between 65% in Switzerland and in Britain, and 53% and 56% in France and Germany respectively, according to the latest report.

Banks and insurance companies are apparently at the forefront compared with other sectors.

Legal loophole
There is no legal protection for whistleblowers in Switzerland, despite efforts by parliament over the past 15 years.

The latest government proposal is tabled for discussion in the House of Representatives in June, but critics argue the bill is too complicated, particularly for small companies.

The Swiss chapter of the non-governmental group Transparency International has accused parliament of a lack of willingness to take action, according to a report on Swiss public radio, SRF.

Last July a private whistleblowing platform was launched aimed at allowing people to report anonymously abuses in business, politics and administration.

A similar platform was set up in 2017 by the Federal Audit Office for employees of the government administration.

Related Stories

Wheat, flour prices expected to decline after imported wheat arrives

byCT Report
29/10/2026

KARACHI: A ship carrying 51,000 tonnes of imported wheat has arrived at Karachi Port, raising hopes of a decline in...

Pakistan & China to operationalize Green Channel at Sost-Khunjerab Border

byCT Report
29/10/2026

KHUNJRAB: An online signing ceremony for the operationalization of the Green Channel at the Sost-Khunjerab Border for agricultural and allied...

APTMA slams FBR over 40-hour customs clearance delays

byCT Report
29/10/2026

LAHORE: The All Pakistan Textile Mills Association (APTMA) has urged the Federal Board of Revenue (FBR) to review its Faceless...

KPT handles bulk wheat cargo at KGTML

byCT Report
29/10/2026

KARACHI: Karachi Port Trust (KPT) informed that a bulk cargo of imported wheat weighing over 50 thousand metric tons has...

Next Post

Saudi Arabia's $53bn non-oil stimulus may last beyond 2021

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.