Financial Crime in the Digital Era
Description
Financial crime in the digital era has become more complex, sophisticated, and pervasive. With the increasing use of technology and digital platforms, criminals are exploiting new methods to commit fraud, money laundering, identity theft, and other financial crimes. Combating financial crime in the digital era requires a multifaceted approach involving technological innovations, regulatory measures, international collaboration, and the education of both consumers and financial institutions. As the landscape of financial crime evolves, the tools and strategies to combat it must adapt.
This book highlights the idea that combating financial crime in the digital era is a complex task that requires the use of cutting-edge technology, effective regulations, and collaborative efforts among governments, financial institutions, and consumers. While the digital landscape provides opportunities for criminals to exploit new vulnerabilities, this book also offers tools that, if used effectively, can help detect, prevent, and disrupt financial crimes. The key to success lies in staying ahead of criminals by continuously evolving strategies, strengthening systems, and fostering international cooperation to protect the integrity of global financial systems.
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Monica Violeta Achim is professor and doctoral supervisor for Finance at the Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania. With over 25 years of experience in the academic field, she has published, as author and co-author, over 140 scientific articles and 25 books. In 2020, she received the Award for Excellence in Scientific Research at Babes-Bolyai University in recognition of her scientific research. Her main areas of research are financial crime, tax avoidance, tax evasion, corruption, money laundering, fraud, bank fraud, ESG reporting fraud, insider trading, etc. She is a member of the Association of Certified Financial Crime Specialists (ACFE).
Content
Part 1 Innovation and Technology in Combating Financial Crime.- Chapter 1. Transforming Financial Crime Investigations: The Role of Digital Tools in the Evolving Effectiveness of the European Public Prosecutor's Office.- Chapter 2. Digital Deceit in Finance: Deepfakes, Synthetic Identities, and the Future of Fraud Prevention.- Chapter 3. Digital Payments and Fraud Risk: Technological Innovations and Global Regulatory Responses.- Chapter 4. Businesses Facing Spear Phishing: Towards a Preventive Approach Based on Cybersecurity Measures.- Chapter 5. Descriptive Analysis of Accounting and Tax Professionals' Opinions Regarding Accounting Fraud Determined Through Forensic Accounting.- Chapter 6. AI-Powered Transaction Monitoring for Real-Time Fraud Detection in Digital Banking.- Part 2 Fintech, Crypto-Assets, and Emerging Models of Digital Risk.- Chapter 7. Fraud Risks in Digital Lending and BNPL Models: Detection and Prevention Strategies.- Chapter 8. Investing in Fintech Fraud Combating Startups. Social Responsibility Before Profits?.- Chapter 9. Can We Explore Financial Crime in the Crypto Market? A Systematic Review of Technical, Regulatory, and Risk Frameworks.- Part 3 Bibliometric and Academic Approaches to Economic Crime.- Chapter 10. Mapping the Nexus of Economic Crime, Forensic Accounting, and Sustainable Development Goals (SDGS): A Bibliometric Review.- Chapter 11. Economic and Financial Crime in the Digital Era: A Bibliometric Approach.- Chapter 12. Bibliometric Analysis of Financial Corruption in the Healthcare System.- Chapter 13. The Importance of Financial Fraud Prevention in the Current Economic Context. A Bibliometric Analysis.- Part 4. Social, Ethical, and Regulatory Aspects of Financial Crime.- Chapter 14. The Asymmetric Impact of Different Types of Taxes on the Level of Corruption and Shadow Economy Among Developed and Developing Countries.- Chapter 15. Corporate Deception or the Illusion of Sustainability? A Critical Look at Greenwashing Practices.- Chapter 16. The Transparency Paradox of the Real Estate Markets: When Visibility Masks Vulnerability in the Digital Era.- Chapter 17. One More Time, the Dark Side of the Economy: Exploring the Shadow Economy in the European Union.- Chapter 18. Variations in the Concept of Tax Evasion Between the Normative and Judicial Levels.- Chapter 19. Financial Crime in Stock Exchange: The Case on the Stock Exchanges of the European Union States.