Stages of financial crime by business organizations

Abstract

Purpose

The inherent business focus of much organized financial crime has received increased attention in recent years. As organized crime receives increased attention, the corporate world of business enterprises is identified as an arena for organized crime. This paper aims to focus on the issues involved.

Design/methodology/approach

Based on financial crime literature, business organization literature, and stage model literature, this paper conceptualizes as stage model for organized financial crime by corporate business organizations.

Findings

The four stages are labeled agency, alliance, network, and mafia business, respectively.

Research limitations/implications

Future research will empirically have to validate the stage hypothesis in this paper.

Originality/value

The paper develops a stage model for financial crime.

Citation

Gottschalk, P. (2008), "Stages of financial crime by business organizations", Journal of Financial Crime, Vol. 15 No. 1, pp. 38-48. https://doi.org/10.1108/13590790810841680