Abstract

Financial crimes are a huge problem in today’s business world, and electronic financial crimes are becoming increasingly prevalent. This study, conducted in collaboration with the Victorian Police Computer Crime Squad, focuses on the reactions and responses of a large financial organisation to both electronic and non- electronic financial crimes, in order to understand the issues that lead to under-reporting of electronic financial crimes. We found that despite the organisations strict and well defined approach to reporting and prosecuting financial crimes generally, electronic financial crimes are treated differently to non-electronic financial crimes and do not seem to be subjected to the same standards. Electronic financial crimes are often only reported when successful prosecution seems likely, and consequently almost all go unreported.

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