TRENDS IN PROSECUTING FINANCIAL CRIMES: SUCCESSES AND FAILURES

Abstract

This study examines the complexities of prosecuting financial crimes such as fraud, money laundering, and corporate malfeasance, which pose significant threats to economic stability and public trust. The research highlights the critical role of advanced forensic techniques, interdisciplinary collaboration, and robust legal frameworks in achieving successful prosecutions. By analyzing 15 prominent cases from 2018-2023, the study identifies key factors contributing to success, including resource allocation, public support, and regulatory policies. However, challenges such as technological gaps, jurisdictional complexities, and inconsistent application of laws persist. Recommendations include continuous training, legislative reforms, and enhanced international cooperation to address emerging threats and improve prosecution outcomes. The findings underscore the importance of transparency and ethical practices in maintaining public trust and reinforcing the effectiveness of the legal system.