Financial crimes: the constant challenge of seeking effective prevention solutions

Purpose - Financial market-related crimes seem to continually increase in number as well as in the amount of illicit profits. This emerging situation has obliged governments and self-regulated bodies to act aggressively on the issue. This paper provides a snapshot of the evolution timeline of financ...

Full description

Saved in:
Bibliographic Details
Published in:Journal of financial crime 2008-10, Vol.15 (4), p.383-397
Main Author: Michel, Picard
Format: Article
Language:English
Subjects:
Bank fraud
Canada
Corporate profits
Crime
Crimes
Criminals
Financial markets
Internal controls
Scandals
Securities markets
Statistical analysis
Studies
White collar crime
White collar workers
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Purpose - Financial market-related crimes seem to continually increase in number as well as in the amount of illicit profits. This emerging situation has obliged governments and self-regulated bodies to act aggressively on the issue. This paper provides a snapshot of the evolution timeline of financial crimes and discussion in support of the fight against this plague.Design methodology approach - Based on financial crime literature and field work.Findings - Improvement in the expertise and degree of refinement employed by both organized crime and criminal businessmen.Research limitations implications - Some information originates from confidential sources and consequently could not be further developed.Originality value - Contemporary picture of the current situation. Some recommendations were submitted to regulatory authorities who are examining and adjusting their actions accordingly.
ISSN:1359-0790
1758-7239
DOI:10.1108/13590790810907227