Technology and Cross-Border Financial Crimes

Abstract

This paper, explores how technology facilitates cross-border financial crimes and underscores the importance of international collaboration in curbing these activities. It further examines the role of shared intelligence, harmonized legal frameworks, and the adoption of advanced technology in building a united front against global financial crime. This study is guided by Robert K. Merton's strain theory and McClelland's Needs Theory. The study utilized secondary research methodology. In the 21st century, the rapid advancement of technology has revolutionized financial systems, improving efficiency and connectivity but simultaneously creating new avenues for criminal tendencies such as financial crimes. Crimes under the category of money laundering include cyber fraud and tax evasion has transcended national borders, making them increasingly complex to tackle.

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