White-Collar Crime in South Africa Essay -- financial crimes, corruptio

It would be nearly impossible to find a conspiracy African who has not been affected by crime in one way or an opposite. White-collar crime, a term startle used by Edwin Sutherland in 1939, describes crime that is non-violent, but for the purpose of private financial gain. This type of crime, including fraud and corruption, is becoming a undischargeder trouble in randomness Africa every year, and it is negatively affecting the country as a whole. Although they are not violent, fraud and corruption cause as much harm as any other types of crime, and a great effort must be made soon to stop them. in all over the world, financial crimes are wreaking havoc. People have been filchming others, taking bribes, and doing other greedy things forever. Its human nature, but in todays society, its unacceptable. In just one fiscal year (2012/2013), the South African governments Financial Intelligence Centre (FIC) acquire over 1.1 billion rand from the illicit economy. This money came from the proceeds of fraud, money laundering, tax revenue evasion, corruption, and other financial crimes. One billion rand may seem equivalent a lot, and its recovery is a great achievement, but that is only a fraction of what was lost. No one knows how much wasnt recovered, but its safe to guess that its in the billionsIt is not easy to distinguish fraud, and criminals have been getting away with it for decades. With the birth of the internet, it has become even easier to scam people, communicate with other criminals all over the world, and hide your profits. It wasnt until 2008 that South Africa created their Financial Intelligence Centre to help combat white-collar crimes. approximately financial crime in South Africa is international, so the FIC collaborates with global organizations deal the Fin... ...rime.Corruption Watch. Defining the real meaning of corruption. Sunday Times, The (Johannesburg, South Africa), February 3, 2013. Accessed work 2, 2014. http//infoweb.newsbank. com.libdb.belmont-hill.org2048/iw-search/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=14440CF59A86A640&p_docnum=1&p_queryname=6.Countries. Financial Action Task Force. Accessed February 27, 2014. http//www.fatf-gafi.org/countries/.Jordan, South Africa and Tunisia marriage the movement. Transparency International. Last modified December 18, 2013. Accessed March 1, 2014. http//www.transparency.org/news/ sustain/jordan_south_africa_and_tunisia_join_the_movement.South Africa Country Profile. Business Anti-Corruption Portal. Accessed March 1, 2014. http//www.business-anti-corruption.com/country-profiles/sub-saharan-africa/south-africa/general-information.aspx.