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Handing And Management Of White Collar Crimes

  • by Marston Pickworth
  • 7 Months ago
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White collar crimes are on the rise in the contemporary society. Let’s first look at the meaning of white collar crimes. These are acts of lawlessness committed by people or an organization that involve the looting of items of monetary value. They are usually non-violent. They include bribery, cybercrime, money laundering, embezzlement of funds and so much more. They are majorly centered on personal gain of one person over another person. Then here comes the question. Why is it that white collar crimes are rampant in the current society that we live in? Here are some of the reasons:

  • The increase in mobile phones and electronic devices

This is one of the causes that have led to the increase in the white collar crimes. The advancement in technology has made it possible to carry out transactions at the touch of a button. In the same way, large amounts of money are looted through the touch of a button. This is one of the major causes that have catapulted the increase in white collar crimes.

  • The little knowledge people have towards white collar crimes

Very few people are endowed with knowledge about the white collar crimes. This has made it possible for those that are well equipped with the right knowledge about this vice to keep suppressing those who know nothing about it. Since very few people know much about it, then they are tied from identifying and reporting this vice to the relevant authorities.

Then how do we control and prevent this vice from spreading?

  • Training

This involves training of employees and also of the general public on the white collar crimes. This will make them become vigilantin case any of the crimes arises and they will be quick to report to the relevant bodies.

  • Imposing heavy penalties and fines

Since white collar crimesare non-violent, then there has been minimal weight put to those found perpetrating it. In order to minimize this vice, the non-violent and the violent crimes should be dealt with the same weight by imposing heavy fines and penalties to those found guilty. This will help reduce those involved in this vice.

  • Setting up hotlines

Few organizations have set up hotlines for reporting fraudulent cases such as money laundering and corruption. This is due to the high maintenance costs incurred. They fear losing money on maintenance costs yet they are losing so much money through fraudulent activities. You can also learn more about such crimes from websites such as Elliott Sauter.

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