What Is The Deterrence Strategy For White-collar Crime

What is the deterrence strategy for white-collar crime?

General deterrence is when others see the punishment, which deters them from committing similar crimes. For white collar crime, this approach uses harsh prison sentences and hefty fines to ensure future compliance. However, for deterrence to work it must be swift, certain and severe.

How does deterrence theory explain crime?

Deterrence is the theory that criminal penalties do not just punish violators, but also discourage other people from committing similar offenses. Many people point to the need to deter criminal actions after a high-profile incident in which an offender is seen to have received a light sentence.

What are the three theories of deterrence?

1) Certainty: A person must know that the punishment will be imposed. 2) Celerity: The punishment must be imposed quickly so that it is not too late to avoid the consequences. 3) Severity: The punishment must be severe enough to deter people from committing the crime in the first place.

How does conflict theory explain white-collar crime?

Social conflict theory views financial crime as a function of the conflict that exists in society (Siegel, 2011). The theory suggests that class conflict causes crime in any society, and that those in power create laws to protect their rights and interests.

What is the best deterrence for crime?

The certainty of being caught is a vastly more powerful deterrent than the punishment. Research shows clearly that the chance of being caught is a vastly more effective deterrent than even draconian punishment. 2. Sending an individual convicted of a crime to prison isn’t a very effective way to deter crime.

What is an example of a deterrence strategy?

Immediate deterrence represents more short-term, urgent attempts to prevent a specific, imminent attack, most typically during a crisis. 11 For example, the United States employed general deter- rence for decades by publicizing ongoing promises of defense and punishment if the Soviet Union attacked Western Europe.

What are the two types of deterrence?

A distinction has been drawn between two types of deterrence: individual (or specific) and general deterrence.

Who is the father of deterrence theory?

Cesare Beccaria As The Father Of Deterrence Theory. Juveniles around the United States are committing crimes every day. When they commit these crimes, they may not know of the consequences that come with committing the crimes until they get caught.

What is deterrence theory basics?

The deterrence theory was developed during the Cold War as a way to stop countries from using nuclear weapons. The theory states that if the US and Russia knew that their use of nuclear weapons would be met with a response, they would not use them. The deterrence theory is still employed today.

What is deterrence and its types?

What are the two types of deterrence? Deterrence theory is broken down into general deterrence and specific deterrence. General deterrence is concerned with the future behavior of the public, while specific deterrence is concerned with the future behavior of the individual offender.

What is the most important principle of deterrence theory?

Research underscores the more significant role that certainty plays in deterrence than severity — it is the certainty of being caught that deters a person from committing crime, not the fear of being punished or the severity of the punishment.

What is the modern deterrence theory?

The U.S. Department of Defense (DoD) defines deterrence as the “prevention of action by the existence of a credible threat of unacceptable counteraction and/or belief that the cost of action outweighs the perceived benefits.” Effective deterrence requires the capability, will and ability to communicate to counter an …

What is the best theory of white-collar crime?

Rational Choice Theory, created by Cesare Beccaria in 1764, explains white collar crime as a life of balancing choices and choosing the one with the most reward. Although Beccaria is best known for his work on the death penalty, he contended that crimes are committed through making rational choices.

What exactly did the concept of white-collar crime refer?

As noted in the introduction, Sutherland (1949) defined white-collar crime as “crime committed by a person of respectability and high social status in the course of his occupation.”

Does capital punishment deter white-collar crimes?

While a few nations might have capital punishment specifically for corruption and fraud (see https://en.wikipedia.org/wiki/Capital_punishment_by_country#Corruption), due to multidimensional and multinational nature of many such white-collar crimes, the threat of capital punishment in one nation is likely to dissuade …

What is the deterrent strategy?

deterrence, military strategy under which one power uses the threat of reprisal effectively to preclude an attack from an adversary power. With the advent of nuclear weapons, the term deterrence largely has been applied to the basic strategy of the nuclear powers and of the major alliance systems.

What is the deterrence punishment strategy?

Specific deterrence occurs when individuals experience punishment in response to their criminal conduct in hopes that it will discourage criminal activity in the future. General deterrence occurs when individuals are discouraged from committing crime because they see others being punished for similar behaviors.

What are the keys of deterrence?

According to references on deterrence theory, effective deterrence involves three key components: severity, certainty, and celerity.

What are the justifications for white-collar crime?

The main reason for committing a white-collar crime is personal gain, which typically involves some type of profit. But if you really want to understand why people commit these crimes, you need to understand the psychology that motivates them to ignore business ethics and violate the law.

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