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Category: Analysis

Description: Position Paper: The purpose of this paper is to critically examine the direct correlation between complex financial crime and the evolving criminal mind. Within a highly competitive and dollar-driven global economy, it is paramount to understand the criminological, societal, institutional and psychological factors that contribute to the increasing intricacy of financial crime. In recent years, studies have shown the rising complexity of money laundering, terrorist financing, fraud and other financial crime related predicate offences. In light of these findings, the evolving criminal mind prompted by a series of factors was deemed to be a main cause. This paper concisely focuses on four core components which are: the modern-day societal triggers that propel individuals and businesses to engage in financial crime, the psychological factors which influence the increasing complexity of financial crime, the institutional factors which encourage criminality, as well as the criminological factors that explain the growing criminal network.