Economic crime

Abstract

The term economic crime has come widely into use recently. The meaning is not still defined clearly. However, it probably means the legal violation that affects the welfare and health of the society as a whole. In all economic systems the economic crime exists in different forms. So, please don’t boast of any ideology that can pave the way to extinguish this crime. Some economic crimes committed by persons operating on an individual basis, such as purchases on credit with no intention to pay, individual income tax violations, and bankruptey frauds. Some committed by those in business, government or other institutions, in the course of their occupation but in breach of their duty of trust with their employer. Some committed as a business, such as medical or health frauds, charity and religious frauds, land frauds, etc. To combat economic crimes, we have to use relevant strategies and tactics on the particular crime. This problem should be included in the national economic and social development plan. The general principles of criminal law should be modified for effective control. Besides, law enforcement officers should be qualified enough in enforcing criminal laws, Finally, political and administrative leaders should stress on justice values and try to follow such principles for a good example to all citizens.