Economic Crime and the Global Economy: Understanding the Threat and Identifying Effective Enforcement Strategies and Countermeasures (From Annual Report for 1998 and Resource Material Series No. 55, P 139-147, 2000, -- See NCJ-190757)

• NCJ Number: 190763
• Author(s): John D. Arterberry
• Date Published: March 2000
• Length: 9 pages
• Corporate Author: United Nations Asia and Far East Institute for the Prevention of Crime and Treatment of Offenders
• Sale Source: United Nations Asia and Far East Institute for the Prevention of Crime and Treatment of Offenders
• Publication Format: Document
• Language: English
• Country: Japan

Annotation

This paper examined the challenges in the evolution of crime and technological innovation causing the accelerated pace of change in the global economy and the threat in the globalization of crime.

Abstract

This paper presented in 1998 at the UNAFEI, 110th International Training Course on "Effective Countermeasures Against Economic Crime and Computer Crime" discussed how the development of the global economy has also experienced a corresponding globalization of crime. Whether involved in traditional organized crime activities, such as drug trafficking or advanced economic crimes, criminals and their crimes show no respect for political boundaries or geographic barriers, thereby exploiting the jurisdictional complexities to both expand and to conceal their crimes. There is real evidence of the threats posed by the globalization of crime with economic crime standing at the forefront. This sense of lawlessness threatens the stability and prosperity of global commerce. Law enforcement is faced with the challenge of effectively countering this global crime wave by overcoming barriers placed by institutional rigidity and political considerations. Technology serves as a powerful tool in the hands of criminals and can also be a devastating weapon against the same criminal forces. Through training and professional development of investigators and prosecutors, the law enforcement community can continue to suppress the global white-collar crime threat. International cooperation and coordination are central to enforcement responses and ensuring that crime does not engulf the benefits of the global economy.