Globally, the experts in financial crimes sector believe that the best way to combat the financial crimes is to create awareness about them.
As we all know, today our economic and financial systems are suffering negative impacts caused by frauds and abuse of power.
Here the question arises, how can we help those who are victim of such financial crimes ?
Though directly we can not help those who lost the money to recover the financial losses, as there are different legal processes involved in every country, I am sure that by creating the awareness about different schemes, we can definitely reduce the future attempts of frauds against the individuals and the companies.
What is Financial Crime ?
Any crime which cause financial damage to individual or any entity is a financial crime. This includes ponzi schemes, rogue trading, inside trading, frauds, scandals, scams, money laundering, terror funding etc.
We have created a small video to give an understanding about the financial crimes and the financial crimes community. This video is published on dtube and the same can be viewed here.
This is a small 82 seconds video that express the need of the financial crimes in a visual manner.
Why this community ?
Fraudsters always share the information. History reveals that they create the schemes collectively and pass on the details in the small groups, communities and through the subscribed blogs.
Financial Criminals are always one step ahead of the law makers. They find out different ways to beat the laws.
We are not the lawmakers. But we can spread the information in the decentralized manner. Creating more content and sharing the different schemes of frauds across the world is the objective of forming this community.
Logo of this community
This is the logo of the community we have created. We also need the investigative stories to be published in this community. In the crypto currency world, we often face this question. People lose their bitcoins and other currencies but very few get to know, who really did this.
There are very few mainstream media outlets, which create awareness about the financial crimes. Those cases in public domain are just the tip of the iceberg.
I am a financial blogger. I was writing all around the internet on financial crimes and specially about money laundering.
I arrived on hive, when the #proofofbrain community was borne. It was accidental.
I always felt that committing the financial crimes is the work of brain. Hence, I got attracted to this community and started contributing on the topics of money laundering. Soon I became part of this community. Its a wonderful community which encouraged me to work on my priorities.
In last three months of exploration, I realized the importance of the Hive community and decided that I would set up a new community to fight the financial crimes. There are a few writers already, who are writing about the topic, but there is no dedicated community for the same.
I am the leader of this community on financial crimes.
Future of this community
We are confident that as will grow the community step by step, with the help of our subscribers and their content as well as the staff, this community will bring quality posts to Hive blockchain. In addition, there would be the possibility of receiving support from the OCD Community as this is one of the unique communities on the topic. With the support from OCD this can really be a huge project, I am foreseeing that this could be something like decentralized version of International Consortium of Investigative Journalists (ICIJ), which leaks Panama, Bahama Papers and make investigative stories all across the world.
I am very optimistic that this community will help the Hive platform to attract some high profile reporters, financial consultants and corporates if we make this a really successful community.
Lets come together and fight the peril of financial crimes together.