Financial Crimes: A Threat to Global Security, 1st Edition (Hardback) book cover

Financial Crimes

A Threat to Global Security, 1st Edition

Edited by Maximilian Edelbacher, Peter C. Kratcoski, Michael Theil

CRC Press

447 pages | 12 B/W Illus.

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pub: 2012-06-04
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Financial market reform has focused chiefly on the threats to stability arising from the risky, uncontrolled activity of the leaders of financial institutions. Nevertheless, organized crime, white-collar crime, and corruption have a huge impact on financial systems worldwide and must also be confronted if true reform is to be achieved. A collection of articles written by experts in their fields of study, Financial Crimes: A Threat to Global Security spotlights the importance of addressing the problem of illegal financial activity as part of a greater comprehensive plan for reforming the financial sector.

Drawn from the 23rd Annual Meeting of the Academic Council on the United Nations System (ACUNS) held in Vienna, the book explores the major themes discussed at this elite symposium. In the first section, the contributors examine changing concepts in security over the course of history and across nations. They discuss how an event in Austria led to the implementation of a new security philosophy that is now followed by the majority of the European Union. The book examines the diverse models of preventing security threats that have grown from that idea as well as the gradual expansion of the role of the security council of the United Nations.

The next section analyzes the present state of security worldwide and examines the wide array of criminal activity that plagues the financial sector. Expert contributors reveal methods to identify certain types of behavior and criminals as well as efforts to combat illegal activity—including the role of the media.

The final section investigates alternative approaches to preventing another worldwide financial disaster through investigative reporting, human factors analysis, legislative initiatives, and other methods.

Filled with insight from international experts, the book highlights both the warning signs to illegal activity as well as the most effective methods for combating the invidious corruption that, if unchecked, puts all nations at risk.

Maximilian Edelbacher will be appearing at three upcoming events:

  • June 28, 2012: Roundtable in the House of the European Union in Vienna on the topic "Financial Crimes: A Threat to European Security?"
  • October 8, 2012: Roundtable in Joannneum, Austria on the topic "Financial Crimes: A Threat to Global Security"
  • October 9, 2012: Book presentation at the Hans Gross Museum in Graz, Austria


" … provides an analysis of the state of crime in this economic sector for anyone interested in the science and practice of increased security in the financial world … a comprehensive work covering many aspects of financial crimes."

—Dr. Ewald Judt, in Bank-Archivs

Table of Contents

Introduction, Max Edelbacher, Peter C. Kratcoskil, Michael Theil


Security Concept of the UN, Pierre Lapaque

Concept of Security in the EU, Alexander Siedschlag

Security Concepts, Max Edelbacher, Gilbert Norden

Changing Concepts: Security and the Built Environment, Gunter Stummvoll

Concept of Human Security, Walther Lichem


White Collar Crime and Corruption, Max Edelbacheri, Michael Theil

Why to Fight Corruption, Dimitri Vlassic

International Anticorruption Academy, Martin Kreutner

Building Institutions, Katharina Noussi

Organized Crime, the Mafia, White Collar Crime and Corruption, Arije Antinori



Macroeconomic View, Tatyana Bikova

Microeconomic View: What Can We Learn By Insurance? Michael Theil

The Human Factor Analysis: How to Build Resilience, Christian Felsenreich

Business Angels: How to Start an Entrepreneur, Clemens Fath

Executive Summary & Conclusion, Max Edelbacheri, Peter Kratcoskil, Michael Theil

About the Editors

Maximilian Edelbacher has served as the chief of the Major Crime Bureau and as an international expert for the Council of Europe, OSCE, and UNO. He also chaired the Austrian Antifraud Insurance Bureau and has lectured at several universities, including the Vienna University of Economics and Business Administration, Danube University in Krems, and the Vienna University Department of Sociology. Edelbacher was appointed a special investigator of the AVUS Group on White Collar Crime Cases, a board member of the Austrian Criminal Investigators Association, and a member of the Academic Senior Advisory Council to the United Nations (ACUNS). He is the author of a number of books and journal articles.

Peter C. Kratcoski was the chair of the Department of Criminal Justice Studies at Kent State University until his retirement in 1998. Dr. Kratcoski has also held positions as an instructor of sociology at the University of Akron, temporary instructor at the College of Wooster and at John Carroll University, and guest lecturer at Eastern Illinois University. He is currently a professor emeritus at Kent State University and director of the Justice Volunteer Center at the University. His interests are juvenile justice, corrections, crime prevention, and international crime prevention. He is currently the official recorder of the International Police Executive Symposium and is a member of the Society for Police and Criminal Psychology and the Academy of Criminal Justice Sciences. He has written many books, book chapters, and journal articles.

Michael Theil is a member of the Board of Governors of the Association of University Professors, a member of the Senate and Works Council of the University Professors, and a cooperation delegate for partnerships with different universities. Currently he is an associate professor at the Institute of Risk Management and Insurance at the Vienna University. He has published numerous articles, reviews, and book chapters and is the author of Crimes against Insurances. His specialty areas include accounting, general management, insurance, marketing, and quality management. He is also associated with the Institute of Finance and Management Science, the Norwegian School of Economics at Bergen, and Bradley University in Peoria, Illinois.

About the Series

Advances in Police Theory and Practice

Presenting volumes that focus on the nexus between research and practice, the Advances in Police Theory and Practice series is geared toward those practitioners and academics seeking to implement the latest innovations in policing from across the world. This series draws from an international community of experts who examine who the police are, what they do, and how they maintain order, administer laws, and serve their communities.

The series eeditor encourages the contribution of works coauthored by police practitioners and researchers. Proposals for contributions to the series may be submitted to the series editor Dilip Das at [email protected]

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
COMPUTERS / Security / General
LAW / Criminal Law / General
LAW / Forensic Science
SOCIAL SCIENCE / Criminology