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 7: Trafficking crimes

Frank G. Madsen

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


Trafficking crimes are typically a subset of organized crime, at least as the latter is defined in the United Nations Palermo 2000 convention. It is therefore of import to analyse the concept of organized crime, which, unfortunately, will not be possible in this short chapter. There are several ‘species’ of organized crime and organized criminals; trafficking crimes are typical of all from so-called professional criminals, that is groups of criminals that form and re-form as required, via the criminal societies to terrorists utilizing organized crime methodology to fund themselves. The generic term organized crime is generally used for crimes that are organized, that is professional crime and criminal societies. A crucial aspect of all criminal networks is that they are self-organized critical systems. They are critical systems because of the tension between the elements in the system itself, between the system and similar systems, and between the system and its legal and socio-political environment. This intrinsic state of affairs is exacerbated by the lack of an external conflict resolution mechanism. Nevertheless, the magnitude of the disturbance will be absorbed by the self-repairing property, which characterizes such systems, as one participant is replaced by another and as a new balance is struck between networks. Whereas one can distinguish four species of organized crime, by characteristics, the criminal activities of organized crime can be subdivided into three kinds, by function, namely coercive, predatory and market crime.

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