Philippines ranks 122nd in economic crime list

The Philippines ranked 122nd out of 177 countries in the inaugural Secretariat Economic Crime Index (SECI) by the advisory firm Secretariat.  On a scale of 0 (minimal risk) t0 4 (maximum risk), the country scored 2.51 and classified as “reactive reformer.”  The SECI is a composite index that integrates three crucial dimension of economic crime: organized crime, corruption, and money laundering.