Financial Crime in the Czech Republic: Study Undertaken as Part of Research Into Economic Crime 2001-2004 (From Selected Results of Research Activities of ICSP in the Years 2002-2004, P 59-71, 2005, Zdenek Karabec and Miroslav Scheinost, eds., -- See NCJ-212001)

• NCJ Number: 212006
• Author(s): Ing. Vladimir Baloun
• Date Published: 2005
• Length: 13 pages
• Sale Source: Institute of Criminology and Social Prevention
• Publication Format: Book Chapter
• Publication Type: Report (Study/Research)
• Language: English
• Country: Czech Republic

Annotation

This article presents research findings on the state of financial crime in the Czech Republic.

Abstract

Financial crimes in this study are defined by the group of institutions they are directed against: financial institutions. Until 1989 there was no research on financial crime in the Czech Republic; the current study represents one of the first attempts to describe the nature and scope of financial crime in the country. The author alternatively presents research findings on crimes against the banking system, crimes against capital markets, crimes against savings and loans associations, and crimes against public budgets in the Czech Republic. The sections discuss the history of financial crimes in the Czech Republic as well as the economic and political conditions contributing to the problem of financial crimes. The sections also identify the typical type of offense in each category as well as the typical offenders and victims. In closing, the author points out that slow criminal justice responses to financial crimes in the Czech Republic are a major contributing factor to the increasing prevalence of this type of crime.