Contemporary Financial Crime

Jeyong Jung, Julak Lee


The concept of financial crime changes constantly as social contexts and technical aspects surrounding financial transactions advance. This paper aims at understanding contemporary financial crime with consideration on various factors associated with it. Firstly, financial crime is classified with definition, components, and typology. Secondly, related crime types, extent of financial crime, and its victim are suggested in a way that comprehends the scale of it. Lastly, to better capture the concept of financial crime in relational terms, its facilitating factors and relationships with other crimes are explained. This paper demonstrates that contemporary financial crime develops in a complicating manner as a reflection of its environmental changes.

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Copyright (c) 2017 Jeyong Jung, Julak Lee

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Journal of Public Administration and Governance  ISSN 2161-7104


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