Financial Crime World

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Romania Faces Financial Inclusion and Crime Challenges

A recent study has revealed that financial crime and corruption are significant issues in Romania, with a substantial impact on the country’s economy. The research, conducted by a team of experts from Babeș- Bolyai University and Fayetteville State University, investigated various demographic aspects related to financial crime in Romania.

Behavior Patterns Play a Crucial Role

The study found that Romanians’ behavior patterns play a crucial role in financial crime, with tax compliance and corruption in public institutions being significant issues. The researchers also discovered that certain demographics are more likely to engage in financial criminal activities than others.

Demographics at Risk

  • Young people are more prone to engaging in financial crime.
  • Individuals with lower education levels are more likely to engage in financial crime.
  • Those living in urban areas report higher levels of corruption compared to those living in rural areas.

Professional Status and Gender Impact Likelihood of Engaging in Financial Crime

The research also highlighted that professional status and gender have a significant impact on an individual’s likelihood of engaging in financial criminal activities. For instance:

  • Employees with lower professional status are more likely to engage in tax evasion.
  • Women are less likely to engage in money laundering compared to men.

Policymakers Can Use the Results to Promote Financial Inclusion and Reduce Crime

The study’s authors believe that the results can help policymakers develop effective strategies to reduce financial crime and promote financial inclusion in Romania. “Our research provides valuable insights into the behavior patterns of Romanians related to financial crime,” said Monica Violeta Achim, one of the study’s editors. “We hope that our findings will contribute to the development of policies that promote financial inclusion and reduce corruption.”

Book Details

The study was published as a book titled “Financial Crime in Romania: A Community Pulse Survey” by Springer Cham.

References

Achim, M.V., Borlea, S.N., McGee, R.W., et al. (2023). Financial Crime in Romania: A Community Pulse Survey. Springer Cham.

DOI: https://doi.org/10.1007/978-3-031-27883-9

Publisher: Springer Cham eBook Packages: Business and Management, Business and Management (R0) Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023