Table of Contents

Research Handbook on International Financial Crime

Research Handbook on International Financial Crime

Research Handbooks in Financial Law series

Edited by Barry Rider

A significant proportion of serious crime is economically motivated. Almost all financial crimes will be either motivated by greed, or the desire to cover up misconduct. This Handbook addresses financial crimes such as fraud, corruption and money laundering, and highlights both the risks presented by these crimes, as well as their impact on the economy. The contributors cover the practical issues on the topic on a transnational level, both in terms of the crimes and the steps taken to control them. They place an emphasis on the prevention, disruption and control of financial crime. They discuss, in eight parts, the nature and characteristics of economic and financial crime, the enterprise of crime, business crime, the financial sector at risk, fraud, corruption, the proceeds of financial and economic crime, and enforcement and control.

Chapter 4: Internationalization of crime and technology

Peter M. German

Subjects: economics and finance, financial economics and regulation, law - academic, corruption and economic crime, finance and banking law


In the space of a generation, the landscape of communications has been transformed by the symbiotic combination of computers and the worldwide web. The computing power which allowed man to reach the moon in 1969 is now available on every university student’s laptop computer and to persons of virtually every social stratum. The egalitarian nature of twenty-first century technology has ensured that criminals also have the ability to harness its power and use it as a tool to commit crime. The anonymity of the internet and its sheer volume make crime detection ever more difficult. It is against this backdrop that the following pages offer some insight into the internationalization and interrelationship of crime and technology.In order to better understand these convergent and divergent issues, money laundering will be used as a case study of both the threat and the cure. To begin, however, a brief overview is required of both organized crime and the challenges of technology. Professor Barry Rider has described the characteristics of organized criminal activity, regardless of the illegal commodity involved.

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