Combatting grey economy benefits everybody

The food sector is vulnerable to fraudulent activities

Prevention and investigation of food frauds is challenging. Evira and the Grey Economy Information Unit have together examined the needs for amending the Food Act.

New statistics from the Tax administration and the police

The results of the division focusing on the grey economy improved substantially in the Tax administration. The police have already recovered EUR 10.4 million in criminal proceeds during January–June in 2018.

Support for online point-of-sale systems

More than 50 interest groups and organizations have
requested to comment on the preliminary report. The statements listed the
reform's positive impacts, for example as more effect in combatting the shadow
economy and economic crime and higher tax revenues without raising tax rates.

The big picture of the grey economy and economic crime

The new website on the grey economy and economic crime www.grey-economy-crime.fi provides summarised information on the grey economy and economic crime in Finland. The website is maintained through the cooperation of the authorities engaged in combating the grey economy. Further information on the authorities is available under the section About this website.

The website will support the decision-making of authorities and political decision-makers. The information it provides will enhance society’s capabilities to react rapidly to the phenomena and harm associated with the grey economy and economic crime. In addition, the website will provide companies and citizens with information on how to act or protect themselves against such harm.

The big picture is a combination of various aspects

The website provides an overview of the topical phenomena of the grey economy and economic crime comprising the observations of a number of different authorities. In addition, the website offers both domestic and international estimates on the scope and amount of the grey economy and economic crime. The website also provides information on the impact of action taken to prevent the grey economy and economic crime based on the statistics of authorities, including company audits and their results. The website also follows the progress of various projects included in the operational programme concerning the grey economy and economic crime.

In addition, the website contains a selection of recent domestic and international news flows on the grey economy and economic crime.

News about the shadow economy and economic crimes

Austria: Cevdet Caner accused of EUR 145.2mn fraud

10/15/2018
The founder of German property company Level One, Cevdet Caner, has been taken to court in Austria. He is accused by the Vienna public prosecutor of fraud worth EUR 145.20mn (USD 167.48mn), along...

UK: Grant Thornton could face Patisserie Valerie lawsuit

10/15/2018
Patisserie Holdings, the owner of Patisserie Valerie, could sue its auditors Grant Thornton for failing to spot a significant black hole in the company's finances. The company came close to collapse...

UK: Coroner issues warning to Carlsberg over ammonia death

10/15/2018
David Chandler died whilst working at Carlsberg's facility in Northampton back in November 2016. He died following a sudden release of ammonia gas from a dormant compressor, which he inhaled. His...