Global Perspective of Financial Crimes

Abstract

The world has witnessed large scale scams, frauds and various other financial crimes. They have had an adverse effect on the world creating various problems such as increased unemployment. This research paper provides an in-depth study into understanding the global perspective of frauds i.e., motivation of offenders to commit financial crimes through the help of theories by Donald Cressey and Travis Hirschi and Michael Gottfredson i.e., fraud triangle theory and motivation theory and their impact on the economy of a nation and the regulatory national, international and intergovernmental bodies/organisation involved in fighting against such crimes. This study has been conducted on the basis of various secondary sources such as journal articles and the internet.