A record amount of economic crime in 2023 ›

16.4.2024 

The weakening economic situation is reflected in the increasing amount of economic crime, bankruptcies and tax debt. In 2023, nearly 2,400 economic crime cases were reported to the police. The number is up by around 15% from the previous year and higher than ever before. This is revealed by the statistics on control results regarding the shadow economy and economic crime in 2023. 

The impact assessment of the projects of the action plan has been completed ›

18.3.2024 

Over 50 projects were mostly deemed successful and considered to have implemented the strategy for the prevention of the shadow economy and economic crime well. The flexibility of the action plan made it possible to react rapidly to various phenomena. 

Trading with receipts and invoices costs millions for the state ›

18.3.2024 Tax Administration

Buying and selling receipts and fictitious or false invoices is used to evade taxes for the worth of millions of euros. In more than half of the cases involving buying and selling receipts, a company has hidden money for undeclared wages or assets have been transferred to a shareholder without paying taxes.

The big picture of the grey economy and economic crime

The 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.

 

Key figures
Grey economy
Resources
Input and cases
The authorities’ resource monitoring tool shows, in a whole new way, the amount of available resources in annual work units, processed cases, and cases waiting for processing. The data are updated three times a year.
€1 billion
Value of undeclared work
The annual value of undeclared work is estimated to be €900–1,400 million in Finland. Undeclared work also causes losses of taxes and social insurance contributions totalling €300–480 million.
2 391 pcs
New economic crimes
Last year, the Police of Finland recorded a total of 2,391 new economic crimes. This is 15 % more than in 2022.
48 % no
Residence permit for entrepreneurs
The permit is granted in two stages: the Centre for Economic Development, Transport and the Environment (ELY) makes an interim decision before the final decision is made by the Finnish Immigration Service.
€13 million
Falsified receipts
Using falsified receipts in accounting are a typical means of tax evasion in the shadow economy. Fraudsters use falsified receipts to free up funds for undeclared payroll or hidden dividends.

About this website

The website

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