The prevention of international economic crime: Make it unprofitable for criminals and cohorts

Economic greed and the possibility of large profits are very powerful incentives for many criminals. This is especially true in the areas of international money laundering and drug related crimes. There are always criminals who are interested in certain activities as long as the financial rewards of these crimes are larger than the possible risks involved. The efforts and tactics which have been used so far to combat international economic crimes were not successful at all and we need to consider new options, even if some of these options seem controversial at first. Doing nothing would have catastrophic consequences for the economic well‐being of our society. Concerted and deliberate action plans are needed to prevent and to discourage criminals, and their facilitators and cohorts, from these types of illegal activities. Governments and citizens need to agree on methods to eliminate the profit motive of these economic crimes. Only after that will we have a chance to prevent the unfair enrichment of small numbers of criminal elements in our society, at the cost of law abiding citizens.