Crime in Business

Amongst the most common types crime in the business world white collar crime is the most common but there is also organised crime, cybercrime and various offences through compliance and regulatory crimes. White collar crime is the act of using high social status or position within an organisation to commit a crime, whether that is through fraud, bribery or corruption. It usually involves high financial gain and can be very hard to detect as evident in the Queensland health and Tahitian prince scandal.

Organised crime is stereotypically referred to as a mafia or bikie crime and described as “serious crime planned, coordinated and conducted by people working together on a continuing basis” ("National Crime Agency - Organised crime groups", 2016).

Cybercrime is accessing unauthorised areas, modifying programs without proper authorisation; this includes using the internet to commit fraud and money lauder.

Under the Director’s liability act 2013, vicarious liability addresses issues when directors have been personally involved or can be connected to a criminal offence by a company. Even if they are unaware they can still be held liable.

Reference

National Crime Agency - Organised crime groups. (2016). Nationalcrimeagency.gov.uk. Retrieved 22 April 2016, from http://www.nationalcrimeagency.gov.uk/crime-threats/organised-crime-groups