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FIGHTING FINANCIAL CRIME: A UK PERSPECTIVE
Author(s) -
Bowron Mike,
Shaw Oliver
Publication year - 2007
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2007.00701.x
Subject(s) - money laundering , perspective (graphical) , business , financial fraud , crime prevention , control (management) , finance , criminology , economics , accounting , sociology , management , artificial intelligence , computer science
Financial crime has a devastating impact on individuals, companies and governments. Traditional methods of control, predominantly investigation and prosecution, have failed to abate the rise of both fraud and money laundering offences. Tackling financial crime is best approached from the perspective of prevention, an activity that requires co‐operation between all those affected by this widespread and corrosive social problem.