Financial crimes : the concepts, transformations and effects

Abstract EN

This research addresses the financial crime methodology from concepts, emerging, content and implications that it leaves in the economy and financial system, as financial markets are their primary source, and the financial system with its structures, processes and financial instruments is an orbent pump for these crimes, and it is made more difficult and a great challenge to face them is the increase of their types and associations and that the technical factor has contributed significantly to their spread, specifically after the year (2005).

The research also focused on a range of proposed treatments drawn from the experiences of states, systems and markets that can reduce their effects and not prevent them from occurring completely by tracking the financial crime cycle, The research has reached a set of conclusions, perhaps the most important of which is, Increasing the cost of action to combat this kind of crimes, such as commitment costs, recruitment and training of human resources, and that they (Financial Crimes) are not stopped by political or geographic boundaries, but extend through the reach and spread of financial transactions as the research also found a series of proposals, the most important of which was the need to establish channels for financial, international and regional cooperation more effectively than before, so as to contribute to the provision of reliable, timely and credible information on activities and events that are classified as financial crimes.