Economic Fraud in International Business: Forms and Implications

Florea Iulia Oana ()
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Florea Iulia Oana: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 1, 12-16

Abstract: This paper aims to highlight the main forms of economic fraud, such as mortgage fraud, charityfraud, identity fraud, insurance fraud and immigration fraud, and how the funds resulted fromthese illegal activities are converted into white-money by money laundering and used as fundsderiving from legitimate sources. The whole process is affecting the economy and political stabilityof the countries in which they occur, and hence such activities must be forcefully fought and joinedforces should take strong measures, in order to destroy such organizations. This paper is anattempt to explain the concept, significance and implications of the above process.

Keywords: economic fraud; money laundering; mortgage fraud (search for similar items in EconPapers)
JEL-codes: K42 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:12-16

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