Securities Fraud

Securities Fraud
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Securities Fraud
Limiting white-collar-criminal offenses need well-formulated crime deterrence strategies. White-collar is a form of non-violent crime that seeks to benefit the perpetrator financially with funds from businesses and the government (Kuriyal & Parvez, 2018). White-collar crime has grown to unprecedented levels in the world. This paper seeks to establish what needs to be done to deter white-collar criminals.
Deterring white-collar crime should incorporate legal regulation together with the restructuring of how organizations and governments funding systems work. Most white-collar criminals identify loopholes in the servers of the institutions or the government departments that they work for since they act as intermediaries to complete transactions (Everdell & Mandell, 2017). They can hence manipulate the system and make away with money without a trace in the servers. One way of avoiding securities fraud is implementing technologies like blockchain. The blockchain is an emerging technology that allows individuals to manage assets from whichever location. With blockchain technology in place, governments and organizations can easily detect whenever the system has been tampered with and identify the source of the problem. White-collar criminals will not be able to manipulate the system anonymously or delete information without being noticed. Blockchain gives an opportunity for law enforcers to trace any transaction from the source or the fast operation.

This trace will ensure a more straightforward identification of loss of money along the way hence white-collar criminals will quickly be brought to book. The criminals will not escape unnoticed and in turn, reduce cases of public money theft.
In conclusion, I would like to state the bringing white-collar criminals to face the law should not be a war that focuses on the court processes alone. Tackling it requires countries to rethink the factors that allow high profile business and government’s officials make away with stolen money without a trace. Adapting blockchain technology exposes all transactions to the public and will help curb white-collar crime.
References
Everdell, C., & Mandell, D. (2017). The Promise of Blockchain Technology To Combat Money Laundering. The New York Journal, 257(62), 1-3.
Kuriyal, S., & Parvez, A. (2018). Depletion of Our Economy: A Study on White Collar Crimes in India. International Journal of Legal Developments and Allied Issues, 4(3), 326-338.