Topic

The Role of White-Collar Criminals in Facilitating Cross-border Financial Crimes

Instructions

Discuss the Role of White-Collar Criminals in Facilitating Cross-border Financial Crimes.

Answer preview

The growth and expansion of globalization have opened windows of opportunities for various transactions, both licit and illicit. Among illegal operations perpetrated by globalization is a financial crime. White-collar professionals like accountants, lawyers or bankers aid criminals to facilitate financial crimes like fraud, embezzlement and money laundering across geopolitical borders. As a result, these individuals have been termed white-collar criminals due to their role in cross-border funds transfers. One of the key ways they enable financial crimes is by using their expertise to smoothen the commission of the crimes.

Word count: 2560