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Economic Fraud in International Business: Forms and Implications

Author

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  • Florea Iulia Oana

    (Bucharest University of Economic Studies)

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.

Suggested Citation

  • Florea Iulia Oana, 2018. "Economic Fraud in International Business: Forms and Implications," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 12-16, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:12-16
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    More about this item

    Keywords

    economic fraud; money laundering; mortgage fraud;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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