White Collar Crimes: Causes, Consequences and Cures and Prerequisites for Vigorous Controlling Mechanisms

The seminal subject indicates complex nuances of white-collar crime existed in all jurisdictions, both nationally and abroad. Irrespective of the form of government, the concept of white-collar crime is known worldwide. However, causes, effects and challenges always vary from country to country. The conceptual principle of white-collar crime is also found in the practice of natural law theory. American social scientists Edward Ross and Edwin Sutherland are pioneers of developing present day concept of white-collar crime, which to date follows the principle of inclusivity. Despite almost every nation having its regulatory regime to counter the hazard of white-collar crimes, they still face severe issues of whitecollar crimes due to their multidimensional nature. The author by present paper has traced the historical origins and early phraseology of whitecollar crimes till modern age development. Alongside, the author has also explored information on root causes, modern-day causes, effects and challenges concerning whitecollar crimes. The author's literature study also focuses on system failure by discoursing on various major scandals, court precedents and commission reports.