The Learner Insights

  Economic and financial crime in all its forms, including its effects on society. By: Ghulam Mujtaba “Economic and financial crimes, such as money laundering, fraud, corruption, and embezzlement, significantly impact governments, businesses, and individuals, costing billions annually, hindering economic growth, eroding public trust, and fueling social inequality.”   I. Introduction Economic crime emerged in the early 20th century and became a prevalent fact by the end of the century, particularly in the early 21st century. Bonger (1905) distinguished between street crime and economic crime, including crimes committed by merchants and entrepreneurs due to speculative logic and capitalization. Sutherland (1940) defined "white collar criminality" as closely related to the upper classes, demonstrating that there was another crime punishable by criminal law. The differences between the two authors highlight the importance of understanding and addressing economic crime i...

  An in-depth analysis of the economic impact of financial abuse, crime, and money laundering in Pakistan and its far-reaching consequences By: Ghulam Mujtaba                        "The destabilizing effects of financial crime, abuse, and money laundering in Pakistan                            necessitate an awareness of these issues' monetary ramifications, underscoring the importance of preventative measures."   Introduction Financial abuse, crime, and money laundering are pressing issues that have far-reaching consequences for individuals, communities, and the economy as a whole. In Pakistan, these issues have been rampant and have contributed to the country's economic challenges. The detrimental effects of financial crime, abuse, and money laundering in Pakistan cannot be overstated. These illicit activities undermine the integrity of the finan...