Financial Crime World

Construction Inspections Lacking in Many Countries

A new study has shed light on the alarming lack of legal requirements for construction inspections across many countries. This oversight leaves buildings vulnerable to structural flaws and problems, putting the safety of occupants and the financial stability of homeowners and businesses at risk.

The Problem with Construction Inspections


The report found that:

  • No legally mandated inspections are required during the construction process.
  • Final inspections are not always carried out in practice, even though they are required by law.
  • This lack of accountability can lead to a range of problems, including:
    • Structural damage
    • Health and safety risks
    • Financial losses for homeowners and businesses

The Consequences of Inadequate Inspections


The absence of clear qualification requirements for professionals responsible for verifying architectural plans compliance with building regulations further exacerbates the issue.

Electricity: A Critical Challenge

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Meanwhile, a separate study has highlighted the challenges businesses face when trying to obtain a permanent electricity connection for a new warehouse. The report found:

  • Procedures required to get electricity can be lengthy and costly.
  • Businesses often face delays and bureaucratic hurdles.
  • Many countries fail to provide reliable and transparent electricity services, leading to:
    • Power outages
    • Uncertainty over electricity bills

The Need for Improvement


The studies emphasize the importance of prioritizing construction inspections and improving the reliability and transparency of electricity services. By doing so, governments can:

  • Create a more business-friendly environment
  • Reduce the risks faced by homeowners and businesses alike
  • Promote public safety and prevent financial losses

Overall, these findings underscore the need for governments to take action to ensure that construction inspections are carried out effectively and that electricity services are reliable, transparent, and affordable.