What are financial crimes? Once called 'White Collar Crimes', the term 'financial crimes' covers a broad range of forms of criminality - from financial fraud to tax evasion, and from illicit financial flows to money laundering. It is so often considered a victimless crime, but in reality that could not be further from the truth. Whether its a corrupt politician siphoning public money away and into tax havens, or unscrupulous financial institutions aiding the laundering of vast sums of illicit money - financial crimes cost the global economy trillions of dollars.

In the new iteration of the Global Organized Crime Index, financial crimes, are defined as "organized crime that results in a financial loss to the state, entity and/or private individuals". That is the topic of this episode of The Index.

Presenter: Thin Lei Win

Speakers:

Sangeeta Goswami – Policy Advocacy Adviser at Human Security Collective, a nonprofit foundation based in The Netherlands.

Kristina Amerhauser – Programme manager at the Global Initiative Against Transnational Organized Crime, conducting research and analysis in the Asia-Pacific Observatory.

Additional Links:

OCIndex.net

Global Initiative Against Transnational Organized Crime