ACCOUNTABLILITY

Accountability

Accountability

Introduction

Accounts

A business account is a Money bookers account listed in the title of a company. Payments and account administration are in the title of the listed company. Deposits and withdrawals can be made from/to a bank account held under the representative's title or the company's' name.

White Collar Crimes

White—collar crime is “illegal or unethical acts that violate dL1ciary responsibility or public trust, committed by an individual or organization, usually during the course of legitimate occupational activity, by persons of high or respectable social status for personal or organizational gain. White Collar crimes can be categorized into, personal Crimes, abuses of trust, business crimes and Con Games. In the U.S. several agencies under different powers work for the identification, monitoring and control of white collar crimes. The National Crime Prevention Council (NCPC) commenced a National Citizens' Crime Prevention Campaign (NCCPC) covering organizations on national, state and federal levels for generating awareness about crime prevention using various mechanisms. Many service advertisements and publications regarding this awareness came in the form of crime prevention literature. In addition to this the American Association of Retired Persons (AARP) held a comprehensive survey highlighting victims of telemarketing fraud (Zambon, 2006, pp 401).

A Task Force for Financial Crimes within South western Pennsylvania is also in charge for investigation and prosecution of financial related offences such as internet fraud, split-deposit schemes, identity thefts and takeovers, and split-deposit schemes with particular focus on organized fraudulent activities. Furthermore, many of such activities are also monitored by the U.S. Department of Justice that works in collaboration with the FBI, the Federal Trade Commission, and the Securities and Exchange Commission (SEC). White Collar criminals take use of many modern and traditional techniques, including the postal system. In this regard a U.S. postal inspection is also in place to defraud American public by enforcing many federal laws. White collar crimes are committed in ways that are difficult, indeed often impossible, to prevent by simply blocking the offender's access to his or her target. White-collar offenders use techniques and take advantage of opportunities that are unavailable to ordinary street crime offenders to carry out their criminal intentions. Their crimes can harm victims both directly and indirectly without the victims even knowing it (Wright, 2001, Pp 66).

Compared to ordinary street crimes, they pose significant different risks and threats to individuals, government, and society in general. A large part of white collar crimes comprises tax evasion and narcotics trade. For safeguarding of the Internal Revenue Code, an IRS criminal investigation system holds for illegal source financial crimes, legal source tax crimes and narcotics related financial crimes. For quite a few years, there has been an increasing clamor against growing criminalization of socio-economic life throughout the globe. In addition to traditional or petty crimes and street criminals, over the years; new types of crimes and criminals have come to the fores which have assumed menacing proportions as underlined by various scams and media reports. The rich and influential people are also involved in these ...