Financial Crime in Romania: A Community Pulse Survey Reveals Alarming Trends

Introduction

In this article, we discuss the findings from the new book, “Financial Crime in Romania,” written by Monica Violeta Achim and Robert W. McGee. The authors highlight the pervasive issue of financial crime in Romanian society and provide valuable insights through a community pulse survey.

Key Findings

• Bucharest: The Setting for the Study
• Low Tax Compliance and Morale
  • Underreporting income
  • Avoiding declarations
  • Reluctance to pay taxes
• Corruption in Public Institutions
• Lack of Transparency in Business Transactions

Tax Compliance and Morale

Low Tax Compliance

According to the survey, Romanian citizens face challenges regarding tax compliance:

1. Underreported income
2. Unnecessary declaration avoidance

Low Tax Morale

The survey also showed a significant reluctance among respondents to pay their fair share of taxes, reflecting low tax morale.

Corruption in Public Institutions

Widespread corruption further contributes to financial crime in Romanian society.

Regional Breakdown of Financial Crime

The survey analyzed financial crime across various demographic factors, including age, gender, education, and professional status.

Book Structure

The “Financial Crime in Romania” book includes the following components:

1. Preface
2. List of editors
3. Copyright information
4. ISBNs
5. DOI link

Conclusion

As Romanian policymakers and the public grapple with the consequences of financial crime, this book offers a critical examination of the problem and potential solutions. It is recommended for individuals and organizations interested in contributing to effective and ethical solutions against financial criminal activity in Romania.