Financial Crime Trends 2023: El Salvador Grapples with Security Concerns

Feeling Safe in El Salvador?

A recent survey has shed light on the public’s perception of safety in El Salvador, a country grappling with ongoing concerns about crime and violence. According to data collected between December 9th and 22nd, 2023, an overwhelming 91.5% of respondents stated they feel either safe or very safe.

Common Crimes in El Salvador

The survey highlights the most common crimes reported in El Salvador:

• Robbery
• Theft
• Extortion

These crimes are a major concern for citizens, with the country’s homicide rate experiencing a significant increase over the years. Furthermore, femicides have also seen a rise.

Public Perception of Safety

According to statistics, the majority of respondents (65.9%) feel “safe”, while 25.6% feel “very safe”. Only 7.9% reported feeling “insecure” or “very insecure”.

Addressing Corruption and Financial Crime

The survey also underscores the importance of addressing corruption in El Salvador, with many respondents citing this as a major concern.

The Economic Cost of Violence

The economic cost of violence in Central America is estimated to be significant, with some countries experiencing GDP losses due to crime and violence. As the country continues to grapple with these issues, it remains to be seen how effective measures will be in addressing the root causes of financial crime.

Conclusion

The survey highlights the complex challenges faced by El Salvador in addressing security concerns and combating financial crime. It is crucial for the government and citizens alike to work together to address corruption and implement effective solutions to ensure a safer future for all.