NEW TENDENCY OF ECONOMIC AND FINANCIAL CRIME IN THE CONTEXT OF DIGITAL AGE. A LITERATURE REVIEW

Abstract

This paper wraps together two big concepts. First of them is the economic and financial crime and the second one is the digitalization. Each one of them has its own sub-components. The economic and financial crime can be split in: corruption, shadow economy, money laundering or cybercrime. Also, the digitalization can be explained as being related to smaller components, such as: connectivity, use of internet or digital public services. We tried to identify the relationship between these two concepts. As time goes on, we notice that the classical methods of economic and financial crime are at the same level as they were in the past, but digitalization is increasingly making itself comfortable in the field, which is why these types of crime methods are blooming. The subject provides a long-term research because of the technological development. This literature review study paves the way for more extensive research in the form of an empirical research, in order to statistically identify which phenomenon affects the other and how it is actually happening.