Crime and crisis in China ’s P2P online lending market: a comparative analysis of fraud

This study indicates that, similar to the U.S. experience, crime-facilitative environments allowed for endemic fraud in China’s online lending industry. It suggests that a primarily reactive approach to financial crime is less effective than a proactive system of compliance that includes mo re comprehensive and transparent financial regulation and law enforcement.
Source: Crime, Law and Social Change - Category: Criminology Source Type: research