Abstract
This paper wraps together two big concepts. First of them is the economic and financial crime and the second one is the digitalization. Each one of them has its own sub-components. The economic and financial crime can be split in: corruption, shadow economy, money laundering or cybercrime. Also, the digitalization can be explained as being related to smaller components, such as: connectivity, use of internet or digital public services. We tried to identify the relationship between these two concepts. As time goes on, we notice that the classical methods of economic and financial crime are at the same level as they were in the past, but digitalization is increasingly making itself comfortable in the field, which is why these types of crime methods are blooming. The subject provides a long-term research because of the technological development. This literature review study paves the way for more extensive research in the form of an empirical research, in order to statistically identify which phenomenon affects the other and how it is actually happening.
Highlights
Being a topic of current interest, economic and financial crime provides a new research horizon
We notice that the classical methods of economic and financial crime are at the same level as they were in the past, but digitalization is increasingly making itself comfortable in the field, which is why these types of crime methods are blooming
The main objective is to synthesize the literature that has already been written on the subject and to describe the types of events that may happen at the intersection of digitalization with economic and financial crime
Summary
Being a topic of current interest, economic and financial crime provides a new research horizon. The main objective is to synthesize the literature that has already been written on the subject and to describe the types of events that may happen at the intersection of digitalization with economic and financial crime These two phenomena have been approached separately, but no studies have been conducted to cover both of them and, no author tried yet to capture the impact of technological progress on the components of economic and financial crime. This impact can be seen from two different perspectives, which is why the research has to focus on highlighting the advantages and disadvantages of digitalization in this context. Following the writing of this article, we came to the conclusion that the subject was not approached deeply enough and the link between digitalzation and economic and financial crime was not explained and statistically justified
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