Economic Crimes

Crimes, Economic


in Soviet criminal law, criminal acts that disrupt the correct functioning of the socialist national economy. These crimes are treated in a special chapter in the criminal codes of all the Union republics, for example, Chapter 6 of the Criminal Code of the RSFSR. Economic crimes may be committed by either officials or private individuals.

Economic crimes are subdivided into general economic crimes, which may be committed in any sector of the economy, and economic crimes committed in particular economic sectors. General economic crimes include engaging in forbidden trades, falsifying figures or otherwise distorting reports on plan fulfillment, private entrepreneurial activity, intermediary commercial operations, and the illegal manufacture, sale, and storage of alcoholic beverages.

Economic crimes committed in particular economic sectors include (1) crimes in industry, such as producing poor-quality or substandard goods or goods in incomplete sets or using trademarks illegally; (2) crimes in agriculture, such as violating veterinary regulations and regulations for controlling plant diseases and pests or deliberately destroying crops and damaging shelter belts or other plantings; (3) crimes in the retail trade, such as speculation, deception of customers, or selling poor-quality or substandard goods or goods in incomplete sets; (4) crimes that violate the regulations for protecting natural resources, such as illegally fishing or catching other marine animals, illegally hunting fur seals and sea otters, violating regulations for protecting fish reserves during timber rafting or work with explosives, illegal hunting, violating the regulations for mining and turning gold over to the state, and illegal woodcutting; and (5) crimes in communications, transportation, and finance, such as forging postal fees and tickets for travel or the small-scale buying, selling, or exchange of currency and securities.

The criminal codes of some Union republics also provide for such economic crimes as mismanagement (Kazakh SSR) and bad repair work (Kirghiz and Kazakh SSR’s).

Economic crimes may be either acts or omissions, for example, failure to take steps to protect fish resources. In some instances criminal liability ensues for violating legally established prohibitions or prescriptions regardless of the consequences, for example, producing poor-quality goods, engaging in a prohibited trade, or speculating. In other instances criminal liability ensues only if there are harmful consequences, for example, in violations of veterinary regulations or regulations for controlling plant diseases and pests. Some types of economic crimes can only be committed by persons in official positions.

References in periodicals archive ?
A Chinese national who was seeing off his parents at the Ninoy Aquino International Airport (Naia) ended up behind bars after he turned out to be a fugitive wanted for economic crimes in his own country.
Other costs cited as having resulted from the occurrence of the economic crimes include the severing of business relations, brand and reputational damage, the plummeting of employee morale, and strained relations with the regulators,' the report stated.
The State Service for Combatting Economic Crimes of Kyrgyzstan and the Tajik State Agency for Financial Control and Combating Corruption signed an agreement on fighting against the economic and financial crimes as part of the official visit of President Sooronbai Jeenbekov to Dushanbe on February 1, the Service reported.
Ekiti State is poised to inaugurate its own anti-crime agency as a bill to establish 'Ekiti State Economic Crimes Commission' has passed the second reading at the state's House of Assembly.
Addressing a news conference in Monrovia Wednesday, 10 January the institution further also warns President-elect Weah not allow outgoing officials, who have caused serious financial lost and perpetuated economic crimes against the state to go with impunity.
If necessary, we will increase the staff of the State Service for Combating Economic Crimes.
Corlytics data also showed that UK, French, German and Swiss banks with branches in the US have paid almost 40 percent of the fines related to economic crimes in the US.
The Department of Anti- Economic Crimes of Dubai Police arrested the three Asians who forged a residence visa and submitted it with other documents to obtain a visa to enter Schengen area illegally.
Asset loss and cybercrime among the most frequent economic crimes *
Asset misappropriation, cybercrime, and money laundering are the most common economic crimes affecting businesses in Cyprus, according to a survey published by PwC on Tuesday.
According to the PwC Middle East Economic Crime Survey for 2016, 26 per cent of organisations in the region have experienced economic crimes in the past 24 months, lower than the global average of 36 per cent, though a five per cent increase since 2014.
is accused of bribing the officer of the State Service for Combating Economic Crimes to avoid a scheduled audit.

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