Question

In: Accounting

What are the strategiest for enhancing consciousness of white collar crime?

What are the strategiest for enhancing consciousness of white collar crime?

Solutions

Expert Solution

Ans. First it is worth noting that, for any measures to combat white collar crime including corruption to be successful there must be political will at the highest level as well as committed leadership at all the level of government.

Second, it is said in medicine that prevention is better than cure. Also, in engineering we talk about maintenance as being very necessary to prevent breakdowns.

Many a time white collar crime is facilitated because of lack of transparency and awareness. In our banking system today, it is possible to go on cheating serially one bank after another. A good measure is for the name of wilful defaulters who had cheated a bank for $10000 or more.

Well these are some of the approaches for preventive aspects so far as white collar crime is concerned. We must be able to use the series of scientific techniques which are available and technologies for crime detection and bring the guilty to book.

Economic crime bureau has extensively sought to use the information technology in the area of crime detection.

Finally there must be a public awareness on the evils of white collar crimes in the society. All efforts to fight this crime will not succeed if the community has come to accept it as way of life. Public awareness can be aroused through television, internet, radio programmes highlighting its implications on the economy and society. Government must forge partnership with the media to expose corrupt activities at all levels of the public service.


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