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An – Depth Analysis of Financial Fraud: Emerging Trends, Detection Strategies, And Regulatory Responses

  • Unique Paper ID: 165138
  • Volume: 11
  • Issue: 1
  • PageNo: 285-294
  • Abstract:
  • Background & objective: Financial fraud has become a growing concern in today's economy, with significant consequences for individuals, businesses, and the overall financial system. The paper aims to provide an in-depth analysis of financial fraud by covering its emerging trends, detection strategies, and regulatory responses. As financial systems become increasingly interconnected and technologically driven, the threats posed by fraudulent practices evolve, necessitating a nuanced understanding of their dynamics. Methodology: To minimize bias, two independent researchers will performed a comprehensive literature search and objective assessment of the retrieved papers. A search will be conducted in the Google Scholar, PubMed, MEDLINE, Scopus, and Science Direct databases until 2023. The search keywords included in various combinations were Financial Fraud, Emerging trends, Detection Strategies, Regulatory Response. One investigator will extract the data, and another investigator will validate it. This systematic will critically review all relevant studies. Result: The paper analyzes financial fraud, focusing on emerging trends, detection strategies, and regulatory responses. It highlights the evolving nature of financial fraud and challenges faced by financial institutions and regulatory bodies. The study emphasizes the need for innovative technologies and enhanced regulatory measures to combat financial crime effectively. It calls for an integrated approach involving technological innovation, regulatory oversight, and industry collaboration to mitigate risks and ensure global financial system stability. Conclusion: Financial fraud is a complex issue that requires an integrated strategy involving technical innovation, regulatory monitoring, and industry collaboration. As financial systems evolve, so do our methods for recognizing and combating fraudulent activity. Staying current with trends, utilizing innovative technology, and improving regulatory frameworks can reduce risks and ensure global financial stability. International collaboration and information sharing are crucial for a strong defense against financial crime.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 1
  • PageNo: 285-294

An – Depth Analysis of Financial Fraud: Emerging Trends, Detection Strategies, And Regulatory Responses

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