Work

The role of artificial intelligence in preventing corporate crime

Year: 2024

Type: article

Abstract: This article explores the novel and transformative role AI plays in enhancing corporate compliance and monitoring to mitigate corporate crime. It delves into how AI technologies, through advanced data analysis and predictive analytics, are revolutionizing the detection and prevention of financial fraud, insider trading, and non-compliance with environmental regulations. The integration of AI into the financial sector is emphasized as pivotal for developing robust fraud prevention algorithms, which analyze vast data volumes to identify malicious activities and prevent financial losses. Moreover, the article probes into the ethical and privacy concerns surrounding the deployment of AI, highlighting the balance needed between efficient crime prevention and safeguarding individual privacy rights. Garcia-Segura's analysis also underscores the need for international cooperation and legal adaptation to uphold ethical standards in AI’s application, ensuring it promotes fairness and justice in combating corporate crime.

Source: Journal of Economic Criminology

DOI: 10.1016/j.jeconc.2024.100091

Author: Luis A. Garcia-Segura

Institution: Universidad Nebrija

Language: English

Topic: Artificial Intelligence in Law

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $1,500