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

New transit framework with Iran to position Pakistan as regional trade hub: ICCI

28/04/2026

Pakistan not seeking new financing from friendly countries: Aurangzeb

28/04/2026

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

New transit framework with Iran to position Pakistan as regional trade hub: ICCI

byCT Report
28/04/2026

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI), has warmly welcomed the federal government’s recent decision to facilitate the transit...

Pakistan not seeking new financing from friendly countries: Aurangzeb

byCT Report
28/04/2026

SLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb has said that Pakistan has no intention to seek new...

Pakistani seafarers set sail on Norwegian-flagged ships under fresh MoU: Junaid Anwar Chaudhry

byCT Report
28/04/2026

ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry welcomed the signing of a memorandum of understanding (MoU) with...

PRA chairman reviews service sector’s revenue targets

byCT Report
28/04/2026

LAHORE: Punjab Revenue Authority Chairman Moazzam Iqbal Sipra chaired a meeting to review progress on revenue targets from the services...

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.