Economic Fraud in International Business: Forms and Implications
This paper aims to highlight the main forms of economic fraud, such as mortgage fraud, charityfraud, identity fraud, insurance fraud and immigration fraud, and how the funds resulted fromthese illegal activities are converted into white-money by money laundering and used as fundsderiving from legiti...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2018-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2018/08/3.pdf |
| Summary: | This paper aims to highlight the main forms of economic fraud, such as mortgage fraud, charityfraud, identity fraud, insurance fraud and immigration fraud, and how the funds resulted fromthese illegal activities are converted into white-money by money laundering and used as fundsderiving from legitimate sources. The whole process is affecting the economy and political stabilityof the countries in which they occur, and hence such activities must be forcefully fought and joinedforces should take strong measures, in order to destroy such organizations. This paper is anattempt to explain the concept, significance and implications of the above process. |
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| ISSN: | 2393-3127 2393-3127 |