Economic Crimes in the Era of Technological Revolution:Troubled Paths and Ongoing Challenges

Abstract

Abstract: Economic crimes in the era of the technological revolution have significantly transformed with the rise of digital technologies. These crimes now include cyber fraud, hacking, identify theft, money laundering through cryptocurrencies, and intellectual property violations. The rapid expansion of online platforms and digital currencies has provided criminals with new opportunities to exploit vulnerabilities, making detection and prosecution more challenging. Major obstacles include the absence of a unified global legal framework, which complicates the ability of tackle cross-border crimes. Jurisdictional issues further hinder enforcement, as criminals can evade justice by operating in countries with less stringent regulations. Moreover, technologies like blockchain provide anonymity, making investigations more difficult. Law enforcement agencies often lack the necessary resources, expertise, and tools to effectively combat these crimes. As technology continues to advance, the legal and regulatory systems must evolve to address these emerging challenges effectively. 2023 TUJR, College of Law, Tikrit University