Ethics and governance in the European Financial centers

We have seen in a previous article that PricewaterhouseCoopers has released its fourth Global Economic Crime Survey, based on interviews with more than 5,400 senior executives in more than 40 countries.

PwC in two major centers of tree contributed to the study : PwC UK and PwC Switzerland.

PwC Luxembourg did not contribute. Their name is missing in the main report and they did not publish a country report. More interesting, their website does not seem to quote the Global survey.

This raises a couple of questions :
- Does that mean that economic crime does not exist in Luxembourg? Of sure definitely no.
- how auditors that hide so a sensitive topic may be reliable? Does that mean that they never face economic crimes in the framework of their assignments? Of sure definitely no.

Once more this is perfect illustration that in Luxembourg issues are either hidden or denied. Including by the leader.

This is not serious.


Switzerland

The United Kingdom