Financial and Economic Crime

Abstract

This research paper has led us to under­stand the difficult situation currently faced by our country, because of the prevailing corruption of people who administer in­stitutions which possess large amounts of economic resources and their ambition has led them to commit the so called eco­nomic and financial crimes, commonly known as “white neck crimes”, these be­ing committed by influential people in our societies.

It has been concluded that due to the lack of rigidity in the applicability of the novel and few existing laws governing such situations, and due to the almost in­stitutionalized impunity, which has also contributed to the high rates of poverty and misery in our society. Therefore it has been recommended the implementa­tion of strong measures that help to make effective in preventing the commission of such crimes.

DOI: http://dx.doi.org/10.5377/lrd.v33i0.1258

Revista de Derecho, Vol. 33, Nº 1, Año 2012: 5-29