Comparetive Study on Corporate Fraud and White- Collar Crime: Law and Enforcement India
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Date
2024
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Publisher
National Law University and Judicial Academy Assam
Abstract
Description
Recognize what constitutes white-collar crime and business fraud under local law. Recognize the different several kinds of white-collar crime and corporate deception, including insider trading and money laundering, bribery, and securities deception. Acknowledge that companies and individuals, including CEOs, staff members, stockholders, and outside parties like vendors or contractors, are capable of committing fraud. Examine fraud prevention tactics such as employee training, corporate governance procedures, internal controls, and whistleblower initiatives. Acknowledge that effective fraud prevention requires cooperation between regulatory bodies, law enforcement, financial institutions, and other stakeholders. Corporate fraud schemes can be extremely complex, with complex financial transactions and obfuscation strategies that making it harder to find and bring charges against. The efficacy of regulatory agencies and law enforcement in investigating and prosecuting white-collar crimes may be impeded by their limited resources, both human and financial. Investigations and cooperation between authorities can become more challenging when dealing with white-collar crime since it frequently involves numerous local and foreign jurisdictions.
Keywords
Corporate Fraud and White-Collar Crime