Financial Crimes

Book description

Financial market reform has focused chiefly on the threats to stability arising from the risky, uncontrolled activity of the leaders of financial institutions. Nevertheless, organized crime, white-collar crime, and corruption have a huge impact on financial systems worldwide and must also be confronted if true reform is to be achieved. A collection of articles written by experts in their fields of study, Financial Crimes: A Threat to Global Security spotlights the importance of addressing the problem of illegal financial activity as part of a greater comprehensive plan for reforming the financial sector.

Drawn from the 23rd Annual Meeting of the Academic Council on the United Nations System (ACUNS) held in Vienna, the book explores the major themes discussed at this elite symposium. In the first section, the contributors examine changing concepts in security over the course of history and across nations. They discuss how an event in Austria led to the implementation of a new security philosophy that is now followed by the majority of the European Union. The book examines the diverse models of preventing security threats that have grown from that idea as well as the gradual expansion of the role of the security council of the United Nations.

The next section analyzes the present state of security worldwide and examines the wide array of criminal activity that plagues the financial sector. Expert contributors reveal methods to identify certain types of behavior and criminals as well as efforts to combat illegal activity—including the role of the media.

The final section investigates alternative approaches to preventing another worldwide financial disaster through investigative reporting, human factors analysis, legislative initiatives, and other methods.

Filled with insight from international experts, the book highlights both the warning signs to illegal activity as well as the most effective methods for combating the invidious corruption that, if unchecked, puts all nations at risk.


Maximilian Edelbacher will be appearing at three upcoming events:

  • June 28, 2012: Roundtable in the House of the European Union in Vienna on the topic "Financial Crimes: A Threat to European Security?"
  • October 8, 2012: Roundtable in Joannneum, Austria on the topic "Financial Crimes: A Threat to Global Security"
  • October 9, 2012: Book presentation at the Hans Gross Museum in Graz, Austria

Table of contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Dedication
  5. Contents
  6. Series Editor’s Preface
  7. Financial Crimes Preface
  8. Foreword
  9. Acknowledgments
  10. Editors
  11. Contributors
    1. 1: Changing Concepts of Security: The Preventive Turn in Defensive Design
    2. 2: History of Crisis and the Quest for Security
    3. 3: Development toward a “Security Society”: The Case of Austria
    4. 4: The Concept of Security in the European Union
    5. 5: Human Security and the United Nations Security Council
    1. 6: White Collar Crime
    2. 7: Cyber Crime and Economic Crime
    3. 8: Organized Crime, the Mafia, White Collar Crime, and Corruption
    4. 9: Rule of Law versus Financial Crime
    5. 10: The Financial Crisis and the Haphazard Pursuit of Financial Crime
    6. 11: Fighting Corruption: The Role of the Media in the Broader Global Context
    7. 12: Financial Crisis or Financial Crime?: Competence and Corruption
    1. 13: Dealing with Insurance: What Can Be Learned
    2. 14: Police Detectives and Investigative Reporters Working Hand in Hand against Organized Crime
    3. 15: Human Factors Analysis: How to Build Resilience against Financial Crimes
    4. 16: Stronger Oversight of the Financial Sector: Lessons from Institutional Reforms in Developing Countries
    5. 17: Business Angels: Can They Help to Prevent Another Financial Crisis?
    6. 18: Legislative and Programming Initiatives to Prevent and Control Financial Crimes in the United States
    7. 19: Financial Crime: Past, Present, and Future
  15. Epilogue
  16. Index
  17. A Call for Authors

Product information

  • Title: Financial Crimes
  • Author(s): Maximilian Edelbacher, Peter C. Kratcoski, Michael Theil
  • Release date: April 2016
  • Publisher(s): CRC Press
  • ISBN: 9781439869277