View of the Financial Crimes Essay

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The world is changing with a plethora of technological disruptions and social changes happening, which will affect the criminal procedures and the Constitution. Financial crimes, in particular, will probably become more intricate and complex as people begin to use electronic devices, e-money, and internet-based payment systems. The case of Goldman & Sacks about fraudulent information on mortgage papers and the ethical concerns of the Bank of America are prominent examples. The financial crimes of the past have led the state and the rest of the world into a financial crisis, and there is a need to review the procedures for investigating financial fraud and financial crimes to avoid similar scenarios in the future.

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Apart from the financial crimes, the government should expect and prepare for the increase of criminal activity, which began after September 11th. To address the rising number of these violent crimes, a new approach to policing and criminal procedures is needed. Perhaps the use of technology and algorithms can help the justice authorities perform their duties more efficiently and have less burden in terms of human resources. However, Edward Snowden’s case has revealed the government has taken some steps to increase security, for instance, through its mass surveillance programs. These threaten the citizens and their rights to privacy and point to a need for the government to review the Constitution and either address the mass protection programs or ensure that the citizen’s rights to privacy are protected. Finally, to address the challenges of the new era, criminal procedures have to be adjusted to the technological advancement that humanity experiences. Hence, it is vital to invest in resources and professionals capable of addressing this change.

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IvyPanda. (2022, October 13). View of the Financial Crimes. https://ivypanda.com/essays/view-of-the-financial-crimes/

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IvyPanda. (2022) 'View of the Financial Crimes'. 13 October.

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IvyPanda. 2022. "View of the Financial Crimes." October 13, 2022. https://ivypanda.com/essays/view-of-the-financial-crimes/.

1. IvyPanda. "View of the Financial Crimes." October 13, 2022. https://ivypanda.com/essays/view-of-the-financial-crimes/.


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IvyPanda. "View of the Financial Crimes." October 13, 2022. https://ivypanda.com/essays/view-of-the-financial-crimes/.

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