Are we any good at protecting our societies and economies from the threat of economic crime and misconduct?. A look at the Italian system
| Published date | 07 October 2019 |
| Date | 07 October 2019 |
| Pages | 1006-1013 |
| DOI | https://doi.org/10.1108/JFC-11-2017-0115 |
| Author | Domitilla Vanni |
Are we any good at protecting our
societies and economies from the
threat of economic crime
and misconduct?
A look at the Italian system
Domitilla Vanni
Department of Legal Sciences, Society and Sport, University of Palermo,
Palermo, Italy
Abstract
Purpose –This paper aims to outlinethe Italian framework of rules against economic crime and to verify if
Italian legislationprovides for appropriate and effective measures according to own needs bothat a national
and Europeanlevel.
Design/methodology/approach –The paper uses a comparativeapproach by examining the European
and Italianlegal systems for finding analogies and differences between them.
Findings –The study has revealed the need of a greaterinternational harmonisation of criminal laws and
penalties as well as the transnationality of the economic crime cutsthe chance of success of every national
strategy,given that transnational criminals are encouraged by the awarenessthat their cross-border activities
complicatelaw-enforcement efforts against them.
Research limitations/implications –To maintain a common international level in the protection of
individuals from the risk of economic crimes and to enforce the effectiveness of European and national
regulations.
Practical implications –The achievement of a high level of protection, for public security and social
cohesion,to prevent and reduce economic crimes, in particular,cybercrimes.
Social implications –To ensure a high level of security for the general public by takingaction against
money laundering,cybercrimes and other sorts of misconducts.
Originality/value –Fighting economic crime requires the close cooperation of law enforcements from
differentcountries, which the traditional law enforcement institutionsare not designed to provide.
Keywords Economic crime, Cybercrime
Paper type Research paper
1. Introduction
Over the past couple of decades, globalisation and the consequent increased cross-border
movement of people, goods, information and finances have substantially spurred economic
crimes, also providing criminals with significant exploitation opportunities (Sadoff, 2017).
Today, criminals face fewerrestrictions in moving capital, goods and people across national
borders and, overall, can travel faster and farther. Furthermore, the new communication
technologies havefacilitated cross-border transactions introducingnew types of crimes such
online phishing, banking frauds and cyber-attacks on information systems databases and
personal computers, recruiting from a larger pool of skilled persons and adopting more
sophisticated toolsand methods[1].
JFC
26,4
1006
Journalof Financial Crime
Vol.26 No. 4, 2019
pp. 1006-1013
© Emerald Publishing Limited
1359-0790
DOI 10.1108/JFC-11-2017-0115
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