White Collar Crime: An Insight

Anshul Arun Pandey, LLB, Shree L.R Tiwari College of Law

ABSTRACT

White collar crime and corporate misconduct represent complex and pervasive forms of illegal behaviour within the corporate sphere, characterized by deception, fraud, and abuse of trust for financial gain. This paper provides an overview of white collar crime and corporate misconduct, examining their definition, scope, historical context, and societal impact.

It explores various types of white collar crimes, including fraud, embezzlement, insider trading, and money laundering, as well as factors contributing to their occurrence, such as organizational culture, regulatory environment, economic pressures, and technological advancements. The paper discusses strategies for detecting and investigating white collar crimes, including regulatory oversight, forensic accounting, whistleblowing mechanisms, and digital forensics.

Furthermore, it examines the consequences and prosecution of white collar crimes, including legal penalties, regulatory enforcement actions, and civil remedies. Finally, the paper outlines future trends and emerging issues in addressing white collar crime, such as technological advancements, globalization, regulatory responses, and the importance of corporate social responsibility. By understanding the complexities of white collar crime and corporate misconduct, stakeholders can work towards developing effective prevention, detection, and enforcement strategies to promote ethical conduct and accountability within organizations.