Got a tricky question? Receive an answer from students like you! Try us!

Financial Crime and the Law - Essay Example

Only on StudentShare
Undergraduate
Author : chuels
Essay
Law
Pages 24 (6024 words)

Summary

Outlining the different types of financial crime and its impact, this research gives detailed information about the regulatory processes, systems and legislation which exist in the UK. The basic motive of this project is to provoke further thought and discussion on this topical subject…

Extract of sample
Financial Crime and the Law

Banks and other financial intermediaries have been developing the credibility of the economic sector over the years within the global domain. With the essence of globalization, there have been a huge amount of deviation within the mode of operations of the banks and likewise, the financial intermediation has changed rapidly in this recent time as compared to the earlier years.
According to the research findings in recent years, the occurrence of the global financial crisis made it evident that the shortcomings of the laws in terms of complex nature are being associated with the crimes conducted in the specific sector, imposing huge level of impact on the legal bindings.
With the changed settings of the overall financial sector, it is evident that the chances of committing heinous criminal offenses have become much easier in the current plethora. In this regard, management of different approaches is identified to impose huge level of influence on the bankers in terms of having a tendency to commit such criminal offenses that are often indulged by the unethical practices of the bankers.
In the following sections this essay will make a better understanding based on the researches conducted in terms of the underlined issues with the need for motivating white-collar employees of the banks to commit such crimes. Moreover, the essay will also provide an in-depth analysis of different social dogmas that are associated with tendencies aligned with the needs of maintaining a transparent system for preventing such crimes. ...
Download paper
Not exactly what you need?

Related Essays

Controlling Organized Crime Paper
Organized crime is often identified as a part of social system which allows reciprocal services to be carried performed by criminals. Large-scale organized crime is regarded as the most significant threat to human security, encumbering the cultural, social, economic, and political development of the society. It has been considered as a multi-faceted phenomenon which is evidently associated with different activities like drug transport, illegally transporting human beings, illegal trafficking of firearms, smuggling, money laundering, and many more. Especially, drug smuggling is the one that…
5 pages (1255 words)
White Collar Crime
The essay aims to proffer pertinent issues that detail the foundations and enforcement of white collar crime. The paper would hereby contain definitions of white-collar crime, the laws that regulate them, and their impact on society. Various studies have acknowledged and attributed the origin and foundation of white collar crime to Edwin H. Sutherland, a known criminologist and sociologist, who presented its theoretical relevance in his reported presidential address in 1939 at the American Sociological Society Meeting (Barnett, n.d., Strader, 2002). Both Barnett and Strader have cited the…
4 pages (1004 words)
Organized Crime Law Essay
The Comprehensive Methamphetamine Control Act enables police to seize chemicals used to manufacture methamphetamine. It also strengthens penalties for the trafficking of chemicals and possession of equipment used to manufacture the drug (Shanty 2008, p. 318). The Drug trafficking offences act is another legislation aimed at facilitating effective investigations into drug trafficking. This law enables the law enforcement officers to side step the inadequacies of the present policies on forfeiture and gives the law enforcement the powers to confiscate drug trafficking proceeds after they have…
6 pages (1506 words)
White Collar Crime/ Corporate Crime
Since then, the term white collar crime has been introduced which has now “become an established part of the vernacular of criminology” (Schlegel & Weisburd, 1994, p.3), and since then it has been a hot topic of debate as well. “White collar crime tends to refer to crimes committed at a business by a businessman or woman”, (Conjecture Corporation, 2011, para.1). Sutherland, in his December 27, 1939 speech, asserted the fact that when people are surrounding by individuals who have criminal behavior, they are more likely to get involved in criminal activities. This called for the justice…
Social Organized Crime Perspective
They also operate through a hierarchical-based relationship. The paper explores some of the speculative and empirical theories that explain organized crime and their criminal behavior in terms of a social institution. Alien Conspiracy Theory According to this theory, outside influences are responsible for the organized crime to prevail in US society. Ethnicity is in the basis of alien conspiracy theory of the organized crime. Haller (1990) argues that organized crimes largely succeed forming lucrative partnerships based on common needs and rational business decisions. Alien conspiracy theory…
4 pages (1004 words)
Controlling Organized Crime
This can lead to vast problems such as destabilizing different economies and interference in public processes by buying way through elections and putting corrupt officials in charge. Organized crime has spread its wings all over the world; illegal items might be exported from one country to another, and then sold in a third. This has really weakened the system and has created problems not only for the governments, but for the local people as well. (Organized Crime) Organized crime can cause serious socio-economic problems in whichever country it is operating. Violence is one of the major…
4 pages (1004 words)