Kuldeep Kumar, Ph.D.
Kuldeep Kumar, Ph.D., is a professor of economics at Bond University and an Educator Associate of the ACFE. Contact him at kkumar@bond.edu.au.
Can economic sanctions lead to fraud?
Countries routinely use sanctions on nations to deter and penalize bad behavior. But what if economic restrictions cause criminals to seek the anonymity of alternative currencies? We possibly could see increases in fraud, money laundering and terrorism financing. Or not. The jury’s still out. Here’s what fraud examiners and law enforcement can do as nations move to their own parallel virtual and traditional monetary systems.
Written By: Milind Tiwari, CFE, Adrian Gepp, Ph.D., Kuldeep Kumar, Ph.D.
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