Combatting grey economy benefits everybody

Professional fraud is international

It typically involves the use of incorporated companies as “tools” to commit various kinds of fraud.

Criminal record increases risk of grey economy activities

There is a connection between the criminal record of a responsible person and their management of business obligations. Criminal record information would be of considerable help in the supervision of business.

Online POS systems

Working Group of Finnish Tax Administration proposes the introduction of fiscal online point-of-sale systems in Finland. These systems send data of sales transactions to the Tax Administration.

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

Denmark: CEO of Danske Bank resigns over money laundering scandal

9/19/2018
Thomas F. Borgen, CEO of Denmark's largest bank Danske Bank, steps down over Estonian money laundering scandal. He resigned after the presentation of an internal investigation into the scandal....

UK: MPs call for regulation of digital currencies

9/19/2018
The Treasury Committee has suggested that digital currencies such as Bitcoin need to be regulated to protect investors. The committee of MPs says problems include risks of hacking and...

France: Court of Appeals overturns ruling against Ryanair and CityJet

9/19/2018
On 18 September 2018, the Court of Appeals overturned the 2014 ruling against Ryanair and 2013 ruling against CityJet (Air France) for not complying with French labour laws. A 2006 ordinance requires...