White Collar Crime

474 Words2 Pages
Identify some specific strategies that might elevate conciousness about white collar crime. What are some of the major policy options for responding to white collar crime, generally? Which overall strategy, if any, is most likely to succeed, and why? There are many examples of white collar crime; including but not limited to: tax fraud, identity theft, embezzlement, and even environmental crimes. Because there are so many types of what is considered white collar crimes, there are also many policies and procedures which could be implemented to heighten conciousness of such. One method, which is well known, is referred to as CPTAPD (Crime Prevention Through Awareness and Procedural Design). This procedure utilizes a quote by Edwin Sutherland as a reference point, in stating: that white collar crime can happen "if and only if, the weight of favorable definition to crime exceeds the weight of the unfavorable definitions." (Albanese, 1995 p. 100) This re-enforces the focus point that a person will only committ a crime if they believe that the benefits outweigh the risks. A company should keep this in mind when implementing policies and procedures to elevate awareness by making the focuse of achieving the goal of proving that the risks outweigh the benefits. This can be achieved by strategies such as: • creating a fraud awareness program for all employees • hiring a company forensic accountant to search for inconsistencies and errors in accounting • including articles regarding white collar crime in company newsletters or bulletins • requiring a background check on key employees • creating a checklist of things to do or policies to follow and distribute them to anyone within the company who has buying power • research sellers before buying • prevent "blind" trust with other companies • terminate corrupt employees - and prosecute when necessary Some of the
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