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Viewing report
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Combating White Collar Crime
Faulkner, March 2003, Pages: 6
While 'white collar' crimes such as corruption and bribery represent a persistent threat to business interests both in the U.S. and abroad, several new developments have raised the level of corporate concern. One involves recent acts of terrorism, which have increased the drive to counter money laundering in order to block access to funding by terrorist organizations. Another development involves recent accounting scandals that have led to high-profile company collapses, such as Enron and its auditor Arthur Anderson, raising questions about the effectiveness of existing accounting regulations and the influence of corporate money on politics in the United States. Finally, the growing influence of information technology poses its own risks for ensuring security and integrity in business dealings, including issues such as identity theft and electronically-enabled embezzlement.
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