Financial And Technology Crimes, What Are They?
I received a feedback on earlier question that I’d like to know more of:
“Increased awareness of financial crimes such as embezzlement, bribery, and securities fraud will increase the demand for forensic accountants, to detect illegal financial activity by individuals, companies, and organized crime rings. Computer technology has made these crimes easier to commit, and they are on the rise. At the same time, the development of new computer software and electronic surveillance technology has made tracking down financial criminals easier, thus increasing the ease with which, and likelihood that, forensic accountants will discover their crimes. As success rates of investigations grow, demand also will grow for forensic accountants. ”
My requests:
Can you give me example of how these crimes are consumated and the methods used to trace them currently?
Are they also carried out through internet? If so, how are they discovered and monitored? Thank you.
Financial and technology crimes would include bank fraud; access device fraud involving credit and debit cards; telemarketing; telecommunications fraud (cellular and hard wire); computer fraud; automated payment systems and teller machines; direct deposit; investigations of forgery, uttering, alteration, false personation, or false claims involving U.S. Treasury Checks, U.S. Savings Bonds, U.S. Treasury Notes, bonds, and bills; electronic funds transfer (EFT) including Treasury disbursements and fraud within Treasury payment systems; fraud involving U.S. Department of Agriculture Food Coupons and Authority to Participate (ATP) cards; Federal Deposit Insurance Corporation investigations; Farm Credit Administration violations; fraud and related activity in connection with identification documents and fraudulent commercial, fictitious instruments, foreign securities and money laundering. How they are discovered and monitored in the US are the work of the United States Secret Service Financial Crimes Division. Click on the link for some very interesting reading.