FINANCE,INSURANCE,BANKS AND THE STOCK EXCHANGE

ASPECTS OF CORPORATE
CRIMES

Conisteanu Garofita
ANUL I ID Buzau-Finante,Asigurari,Banci si Burse de Valori

Aspects of Corporate Crimes

Corporate crimes are defined as offenses committed by corporate officials for their
corporation and the offenses of the corporation themselves for corporate gain. Typically a
corporate criminal bribes a government, dumps toxic industrial waste into rivers. I understand
that corporate crimes are often called quiet acts because people not only dont know whom to
blame but may not even know that they have been victimized. I will point out a few examples of
corporate crime: violence against workers, violence against consumers, corporate pollution, price
fixing, false advertising.
White-collar crimes are committed without the knowledge, the most common white
collar crime is when an employee steals from the employer or who cheats customers and pockets
the difference.
The crimes included tax evasion, credit card fraud and bankruptcy fraud. Some white
collar criminals use their positions of trust in business or government to commit these crimes,
which may also include pilfering, soliciting bribes and embezzlement. Person of the wealthy
classes use their position in commerce and industry for personal gain without regard the law. All
these action were too often handled by civil courts, since injured parties are more concerned
recovering their loses than seeing offenders punished criminally.
I would like to point out that the relationship between white-collar crime and corporate
crime stays in that they are similar, because they both are involved within the business world but
also the small differences between them is that the white-collar crimes are beneficial to the
individual involved, and corporate crimes are beneficial to the corporation.
Corporate crime overlaps with organized crime, because criminals may set up corporations
either for the purposes of crime or as vehicles for laundering the proceeds of crime. In fact the
worlds gross criminal product has been estimated at 20 percent of world trade.

I also agree that the corporate crime overlaps also with state-corporate crime because, in
many contexts, the opportunity to commit crime emerges from the relationship between the
corporation and state.
In my opinion the corporate crime is encouraged and justified by workplace subcultures.
Criminal subcultures develop because the members share problems that require solutions not
available or permitted by the law or general societal norms. Corporate executives have frequent
and intimate contact with other executives who hold definitions favorable to violating laws. So,
corporate crime, like any other crime is learned like differential association.
Other theory says that the employees could learn executive conceptions of masculinity
from their senior counterparts, one of which is to sacrifice personal principles to meet corporate
goals, including the accumulation of profits through illegal or unethical means.
I find it difficult to reach a conclusion, but a method of compliance could be to set up
administrative agencies to oversee business activities, with legislation spelling out penalties for
violating regulatory standards. To change everything and for the people to make legal activity is
very important to people get involved and to change their way of thinking.

The relationship between the banking system in Romania and the bank fraud

The internal fraud is one of the most complicated problems that could not be resolved by
the Romanian companies. The good part is that, once with the crises, the companies have
managed much better their finance, and the frauds have decreased in number. The less happy part
is that the criminals have refined, and now frauds are hard to discover. No company is exempt
from the risk of being stolen by its own employees; however, none are more at risk of fraud as
banking organizations. Here, both the frequency of cases and amounts in the middle are often
much higher than in other areas.
There are still plenty of ways, surprisingly simple to steal the money from the bank. One
of the methods is grating loans to companies based on various forgeries in documents-from
distorting financial ratios at declaration of non-existent goods.
From my opinion I think that its about teamwork, the bank officers is collaborating with
debtors, a situation found in other cases: the officers stop a commission of 10% of the amount
borrowed. Later, as agreed from the beginning, the debtors pay rates for three or four month then
disappears.
How to stole your company simple and efficiently ,is another way to commit a fraud, is
very frequently used in the banking system fraud : the employees identify inactive accounts, in
which the owner has not conducted operations for several months, and , the idea that it is
unlikely to use their account in the near future, they transfer small amounts from many accounts
in their own account, and established a deposit related interest this created, then collects the
money and interest returns in the account.
From my point of view the reason why the financial companies avoid the collaboration
with the authorities is simple: they need their image so thats why they prefer to resolve this kind
of problems between them, inside the company, because they work by attracting capital, with
peoples money, and coverage of such fraud would be for them a rare glimpse kick- in the final
who will deposit their economics in such banks?

The management makes a calculation, how great the damage compared to how long and
costly will be to send the case in the court of law. Often it is decided that the second option is not
economical, so that the culprits escaped dismissal without the obligation to refund the damage,
sometimes in rare cases the director offer money for they silence outside the company.
The best solution is to prevent it, even if the companies executives make an appeal to the
authorities, the culprits doesnt suffer so much, even if the punishment for this action is paid with
jail, in our country nobody get there, in most of the cases the criminals escape only with
suspension.
So what solutions exist for the employers who want to protect their business instinct of
enrichment of employees?
The companies need to focus on preventing crimes, not on their investigation, when its
already too late. And prevention means implementing antifraud systems, hierarchical levels
securing IT systems, the concept of classified information and secrets, secure access into certain
quarters. Yet when it comes to prevention, nothing is more effective than the whistleblowing
procedure. The employees have a number and an e-mail address where they can report all the
suspect activities of their colleagues, under the protection of the anonymity.
This remain the most efficient way to discover the frauds.

PERSONAL INFORMATION

Garofita Conisteanu
500,Matesti, 127524 Buzau (Romania)
0755424720
ioanaconisteanu@yahoo.com

JOB APPLIED FOR

Banking Branch Manager

WORK EXPERIENCE
1 Apr 20101 Sep 2015

Banking Branch Manager

Raifeissen Bank, Bucharest (Romania)

in charge of the financial operations and employees of the bank

managing and leading bank staff to deliver exceptional customer service
identify the needs of customer and then working hard to meet them
monitoring customer accounts
maintaining all quality and procedural standards within the branch
keeping eye on the competitor activity
setting and achieving targets
visiting business customer
motivating and leading the bank staff

EDUCATION AND TRAINING

1 Oct 200815 Sep 2011

Master in Corporate Banking

Bucharest Academy of Economics Studies, Bucharest (Romania)

15 Sep 20051 Oct 2008

Profesional Diploma in Financial Services Management

Bucharest Academy of Economics Studies, Bucharest (Romania)

13 Sep 200115 Sep 2005

Economic Highschool, Buzau (Romania)

PERSONAL SKILLS
Mother tongue(s)

Romanian

Other language(s)

UNDERSTANDING

SPEAKING

WRITING

Listening

Reading

Spoken interaction

Spoken production

English

B1

A2

B1

B1

B1

French

A1

A2

A2

A2

A1

Levels: A1 and A2: Basic user - B1 and B2: Independent user - C1 and C2: Proficient user
Common European Framework of Reference for Languages

Communication skills
Organisational / managerial
skills

Job-related skills

good skills of communication gained from my experience as bank manager

possessing the ability to build strong business relationships with individual and
corporate clients
able to make affective decisions
having a excellent understanding of business operations
experience of leading a branch-based financial sales team
excellent people management skills
customer retention
portfolio management
negotiating skills
investments
international banking
change management
business modeling
project management
client relations
Corporate Banking
Marketing

Digital competence

SELF-ASSESSMENT

Information processing

Communication

Content creation

Safety

Problem solving

Proficient user

Independent user

Independent user

Independent user

Basic user

Digital competences - Self-assessment grid

Driving licence

06 december 2015
Romania Commercial Bank
Attn: John Smith
2, Main Street Brailei
120118 Buzau, Romania

Garofita Conisteanu
Matesti nr. 500

Romania,127524
Phone: 0755424720
Email:ioanaconisteanu@yahoo.com
Dear Mr. Smith,

I am writing to apply for the Banking Branch Manager with Romanian Commercial Bank
which was advertised last week in the National paper of Romania. I am a finance professional
with over 4 years of experience in the finance industry. I come to you with a track record of
successfully managing a core portfolio of business and personal customers.
I am very detail oriented organized and proficient with numbers. My communication
skills are sharp and I enjoy helping people to understand their options when it comes to investing
for their family futures. I have a wide and expert knowledge of financial principles and trust law.
Furthermore, on a personal level I am someone who continuously strives to educate & improve
myself. I am comfortable with change, and my goal is to keep up to date with relevant
information about banking industry. I would enjoy bringing my expertise in banking matters and
financial oversight to Romanian Commercial Bank as your new Banking Branch Manager.
I would be pleased to discuss my curriculum in vitae with you in more detail at an
interview. In the meantime please do not hesitate to contact me if you require further
information.I look forward to hearing from you.

Yours sincerely,
Garofita Conisteanu