Financial Due Diligence White Collar Crime Investigation
| White collar crime, also known as commercial crime, includes unlawful gains by way of bribery, fraud, corruption, staged auto accidents, mortgage fraud and other fraudulent financial transactions. |
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Anti-trust offences, bankruptcy and insurance frauds are also white collar crimes. This is a means of defrauding a company of money which the company recovers from other sources like effecting a price rise or spending less on research and development. All these offences put a negative impact on the US economy and represent a serious threat to the general public health and natural resources of the nation.
Since securities and commercial markets involving large institutions, corporate and big private investors have increased tremendously, the risk of intentional corporate fraud, white collar crimes and misconduct, particularly by senior executives, has also increased. In the US innumerable cases of staged auto accidents and health care services have been reported which reflects the pervasive nature of white collar crime.
The FBI is taking steps to expand its intelligence base in order to identify major criminal offenders that target major financial institutions with the aim of scamming them. Once identified the criminal enterprises can be dismantled, ill-gotten properties recovered and assets forfeited permanently. FBI is also trying to disrupt and dismantle important money laundering institutions and facilities. All these methods mentioned above normally form an integral part of every financial crime prosecution.
Fraud sources that significantly influence investment and financial markets and habitual offenders should be targeted so that white collar crimes, illegal transactions, corruption and fraud are eliminated or at least reduced. Software that facilitates interpretation of financial fraud should be integrated into the investigative process. |
