White-Collar Crime in South Africa Essay -- financial crimes, corruptio

It would be nearly impossible to find a south African who has not been affected by crime in one way or an other. White-collar crime, a term foremost used by Edwin Sutherland in 1939, describes crime that is non-violent, but for the purpose of personal financial gain. This type of crime, including fraud and corruption, is becoming a ampleer fuss in sulfur Africa every year, and it is negatively affecting the country as a whole. Although they are not violent, fraud and corruption cause as much harm as any other types of crime, and a great effort must be made soon to stop them. every over the world, financial crimes are wreaking havoc. People have been abductming others, taking bribes, and doing other greedy things forever. Its human nature, but in todays society, its unacceptable. In just one fiscal year (2012/2013), the South African governments Financial Intelligence Centre (FIC) regain over 1.1 billion rand from the illicit economy. This money came from the proceeds of fraud, money laundering, valuate evasion, corruption, and other financial crimes. One billion rand may seem want a lot, and its recovery is a great achievement, but that is only a fraction of what was lost. No one knows how much wasnt recovered, but its safe to guess that its in the billionsIt is not easy to observe fraud, and criminals have been getting away with it for decades. With the birth of the internet, it has become even easier to scam people, communicate with other criminals all over the world, and hide your profits. It wasnt until 2008 that South Africa created their Financial Intelligence Centre to help combat white-collar crimes. about financial crime in South Africa is international, so the FIC collaborates with global organizations uniform the Fin... ...rime.Corruption Watch. Defining the real meaning of corruption. Sunday Times, The (Johannesburg, South Africa), February 3, 2013. Accessed blemish 2, 2014. http//infoweb.newsbank.com.libdb.belmont-hill.org2048/iw-sear ch/we/InfoWeb?p_product=AWNB&p_theme=aggregated5&p_action=doc&p_docid=14440CF59A86A640&p_docnum=1&p_queryname=6.Countries. Financial Action Task Force. Accessed February 27, 2014. http//www.fatf-gafi.org/countries/.Jordan, South Africa and Tunisia marrow the movement. Transparency International. Last modified December 18, 2013. Accessed March 1, 2014. http//www.transparency.org/news/ disport/jordan_south_africa_and_tunisia_join_the_movement.South Africa Country Profile. Business Anti-Corruption Portal. Accessed March 1, 2014. http//www.business-anti-corruption.com/country-profiles/sub-saharan-africa/south-africa/general-information.aspx.