A Dynamic Analysis of Economic Crime in Europe: The Role of the European Institutions in the Prevention of Economic Crimes in the COVID-19 Pandemic

Iulia-Oana Florea and Kamer-Ainur Aivaz
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Iulia-Oana Florea: Bucharest University of Economic Studies, Bucharest, Romania
Kamer-Ainur Aivaz: Ovidius University of Constanta, Romania

Economics and Applied Informatics, 2022, issue 3, 17-28

Abstract: Fraud in the economy is also known as financial crime and refers to the illegal acts committed by individuals or groups of individuals for the purpose of gaining a financial or professional advantage. For organized criminal groups, economic fraud has the advantage of a low risk and a high return, especially for fraud cases that can only be discovered through international cooperation, as well as for Internet crimes for which jurisdiction needs to be established. Using the AFC statistical analysis method, this research focuses on the comparative analysis of crime in the economic sphere among European states and proposes a dynamic analysis of the prevention of financial crime in the context of the COVID-19 pandemic. The results of the study are significant from both research and a practical perspective, providing important clues regarding the ability to adapt to unforeseen situations of the institutions with a role in the investigation and sanctioning of economic crimes at the level of each country included in the analysis.

Keywords: economic fraud; incrimination; conviction; jurisdiction (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2022:i:3:p:17-28

DOI: 10.35219/eai15840409283

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