Business, Risk and Organized Crime

George Gilligan

University of New South Wales

April 10, 2007

Journal of Financial Crime, Vol. 14, No. 2, pp.101-112, 2007

This paper considers organized crime as various forms of business activity which may or may not have attracted the label of criminality. In particular, how perceptions of legitimacy and the effects of other normative factors will influence strongly whether activities, individuals and groupings may be viewed as constituent parts of organized crime. The paper first discusses some of the ambiguities surrounding the definition and practice of organized crime. It then emphasizes the inherent business focus of much organized crime activity and the crucial importance of legitimacy contexts in decision-making seeking to counter organized crime. The overall effects of organized crime are generally negative for society and organized crime activity can be brutal and harmful. The paper closes by acknowledging the rationality of at least some organized crime activity.

Number of Pages in PDF File: 12

Keywords: business, organized crime, legitimacy, classification, risk

JEL Classification: G18, K14, K20, K42

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Date posted: February 6, 2013  

Suggested Citation

Gilligan, George, Business, Risk and Organized Crime (April 10, 2007). Journal of Financial Crime, Vol. 14, No. 2, pp.101-112, 2007. Available at SSRN: http://ssrn.com/abstract=2212599

Contact Information

George Gilligan (Contact Author)
University of New South Wales ( email )
Centre for Law, Markets and Regulation
Faculty of Law
Sydney, New South Wales 2052
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