Economic and Financial Crime, Sustainability and Good Governance

ISBN-13: 9783031340819 / Angielski / Twarda / 2023

Opis

This book addresses the most widespread forms of financial crime today, namely corporate fraud, corruption, tax fraud, the shadow economy, informal entrepreneurship, money laundering, international informal capital flows, cybercrimes, and cryptocurrency scams. Given the rapid rise of digitalization, especially due to the COVID-19 pandemic, there has been a huge surge in financial crime, especially in the form of cybercrime, which affects people’s financial security. Hence, the aim of this book is to stress the connected nature of financial crime and good governance, in order to achieve the most positive, sustainable development of society.The book analyzes financial crime in the context of digitalization. On the one hand, digitalization offers clear advantages in terms of reducing classical types of fraud such as tax evasion, corruption, the shadow economy, etc. On the other hand, digitalization offers new channels for criminals to gain illegal benefits when operating in digital space, e.g. through cybercrime, bank fraud, FinTech fraud, e-commerce fraud, etc. In this context, the term “digital shadow economy” has recently emerged in the literature as an expression of the types of fraud committed in digital space.In addition, the book explores issues concerning changes in regulations for various financial crimes around the world, statistics, and ways to combat digital crimes including punitive, preventive and other measures. Special attention is paid to cybercrime and cybersecurity issues, the goal being to raise readers’ awareness of these threats.

Spis treści

Section I Financial crimes  around the world. The landscape around the world countries.- Comparative case study on economic and financial crime in Germany and Romania.- Frauds in banking system: Frauds with cards and their associated services.- A SWOT Analysis on Illegal Logging and Corruption – Romania case study.- Section II ECONOMIC AND POLITICAL DETERMINANTS OF FINANCIAL CRIME.- Identifying determinants of informal entrepreneurship using bibliometric and cross-country analysis: Evidence from the European Union countries.- The impact of minimum wage on the shadow economy. A panel data analysis for EU countries.- SECTION III THE EFFECTS OF ECONOMIC AND FINANCIAL CRIMES ON THE SOCIETY.- The Impact of Corruption on Human Well-being within an Economic Framework: Evidence from a Cross-National Study.- The Main Aspects of the Impact of Cyber Crimes on the Business Environment in the Digital Era: Literature review.- Effects of economic and financial crime on the government budget and the quality of public services.- Effects on the economic and sustainable development and on the poverty and social inequality.- Effects on the soundness of financial-banking institutions and on the business development.- SECTION IV FIGHTING FINANCIAL CRIMES STRENGTHENS THE SUSTAINABLE ECONOMY.- Policy and Regulatory Framework on Fighting Financial Crime for Developing Sustainable Economy Models.- Strengthening the EU Fight against Money Laundering to Promote Sustainable Economic Models.- An overview of forensic accounting and its effectiveness in the detection and prevention of fraud.- Cyber-Attacks, Cryptoccurencies, and Cyber Security.- Cyber Risk Insurance Framework Considerations

O autorze

Monica Violeta Achim is professor and doctoral supervisor in the field of Finance at the Faculty of Economics  and Business Administration, Babeş-Bolyai University, Cluj-Napoca, Romania. With over 23 years of experience in academic field, she has published as author and co-author over 140 scientific articles and 25 books. In 2020 she obtained the Award for Excellence in Scientific Research, at Babeş-Bolyai University as recognition of her scientific research. She is the project leader for governmental initiatives financed by the Romanian Ministry of Education and Research in order to research financial crime.