Companies that take a no-nonsense approach to ethical guidelines and enforcing compliance with them suffer fewer economic crimes than other companies, a new survey suggests.

The “Global Economic Crime Survey,” published by PricewaterhouseCoopers and encompassing 5,400 companies in 40 nations, showed that such programs had a significant effect on a company’s vulnerability in all areas of crime, including theft of assets, accounting fraud, corruption, and money laundering.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...