NCJ Number
162626
Journal
International Journal of Comparative and Applied Criminal Justice Volume: 19 Issue: 2 Dated: (Fall 1995) Pages: 313-320
Date Published
1995
Length
8 pages
Annotation
This article considers new efforts and tactics to combat international economic crimes.
Abstract
For the purpose of this article, economic crime is defined as any form of criminal activity that yields illegal, unfair, and excessive profits not available to the law abiding citizen. Economic greed and the possibility of large profits with low risk are powerful incentives for many criminals, especially in international money laundering and drug-related crimes. To discourage criminals from engaging in these activities, governments and citizens need to agree on methods to eliminate the profit motive. In addition to taking the profit out of drug- related economic crime, the following are suggested as possible actions against international economic crime: (1) use the criminal justice system more effectively; (2) use civil litigation; (3) create regulatory agencies which have power; (4) make use of licensing institutions; (5) enhance international cooperation; and (6) interrupt the cash flow of criminals. Notes, references