Philippines’ Financial Crime Trends in 2020: A Review of the Year’s Most Notable Incidents

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The Philippines has been grappling with a range of financial crimes in recent years, from online scams to drug-related offenses. In this article, we take a closer look at the country’s financial crime trends in 2020, highlighting some of the most notable incidents and statistics.

Crime Against Persons

According to official statistics, there were over 6,000 reported cases of crimes against persons in the Philippines in 2020. The most common offenses included:

Robbery
Kidnapping
Online sexual abuse and exploitation of children (with a significant increase of 345 incidents)

Crime Against Properties

The Philippines saw a significant increase in crime incidents related to properties in 2020, with over 10,000 reported cases of damage to property and arson. This trend is expected to continue this year, with authorities warning of the potential for further escalation.

Despite efforts to curb the problem, drug-related crimes continued to plague the country in 2020. According to official statistics, there were over 15,000 reported cases involving illegal drugs last year, with authorities arresting thousands of individuals suspected of involvement.

Fraud Cases

Online fraud and phishing attempts also remained a significant concern in the Philippines in 2020, with authorities reporting a total of over 10,000 incidents. This trend is expected to continue this year, with experts warning of the potential for further escalation.

Prison Situation

The country’s prison situation remains a pressing concern, with many facilities operating at or near capacity. As of 2020, there were over 120,000 prisoners in the Philippines, with authorities struggling to cope with the growing number of inmates.

Conclusion

Overall, the Philippines’ financial crime trends in 2020 paint a picture of a country grappling with a range of complex and interconnected issues. As the government continues to work to address these challenges, it is clear that a coordinated effort will be required to bring the situation under control.