What Happens During a White-Collar Crime Discovery?

Posted on Oct 17 2018 - 1:00am by Business Day TV

Businessman in handcuffsThe UK has a growing problem of white-collar or business crimes. A report revealed the number of offences increased to almost fourfold from 2011 to 2016. The government struggles to persecute the individuals for a variety of reasons. Either way, one thing is clear: The country is willing to investigate and penalise those who commit these criminal activities.

But how does the government investigate a white-collar crime?

The Process

A white-collar or business crime is complex. Often, it is victimless. In other words, no one dies. There’s no violence involved. The investigators also need to follow paper and digital trails. The most expert ones may be able to cover their tracks effectively. For this reason, it can take months or even years before it can create a strong case.

The government may learn of the crime in different ways. One of the most common is a breach of regulations or policies. In other words, the business failed to follow the rules. For example, they may omit certain types of data in their tax returns. These activities may be deliberate or accidental.

Businesses, though, especially large ones, should consider having a legal team beforehand. Firms such as Freeman Solicitors specialise in corporate-related crimes and legal issues. They are necessary for one reason: Once the investigation occurs, the impact on the company can be significant.

The Effect of a Business Crime

A white-collar crime usually involves large amounts of money. Therefore, it can affect many people. For this reason, investigators can broadcast the result of the investigation to the public. It can hurt society’s perception of the company easily.

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In fact, people tend to view crimes by businesses as more negative than the ones by individuals. They can also relate these activities to the company culture.

These days, it’s easy for everybody to form opinions, particularly on those they believe have committed a crime. It no longer matters the nature of what you did. Mistakes do happen. Some people can become greedy. All these don’t need to reflect the entire legacy of the business. Whatever happens, protect yourself.