NCJ Number
133062
Date Published
1991
Length
17 pages
Annotation
This examination of developments in business crime control in Europe focuses on securities frauds and cartel offenses.
Abstract
The problem in business crime control in Europe is that sophisticated fraudsters have learned to operate outside national boundaries, correctly believing that multiple jurisdictions create serious problems of venue and interest in taking action. Although there has been some international cooperation in Europe to combat fraud in the European Community agricultural subsidies sector, in other spheres of business crime, efforts at control are still primarily local or national. There is enough difficulty in obtaining cooperation among crime-control agencies within the same country, without expecting the transition to trans-European fraud policing to be achieved without a great deal of effort. The policing of misconduct by corporations is loosely regulated in Europe. The greatest level of protection against fraud is in the area of small-investor protection where the political consequences of fraud are most serious. Also, much of the financial fraud that occurs is at the expense of big business itself, so the low level of international cooperation in business crime control impacts all levels of society. Glossary