top of page

Economic Crime

What is Economic Crime?

Economic crime, also known as financial crime, refers to illegal acts committed by an individual or a group of individuals to obtain a financial or professional advantage. The principal motive in such crimes is economic gain.

Economic Crime

MOCA investigates economic crimes involving irregularities and misuse of resources involving state funds, that adversely affects the productivity and growth of the economy. These include, but are not limited to Money Laundering and Cyber Crime. These activities are usually carried out by fraudulent means and the offender’s principal motive is economic gain or self-enrichment.

 

Organised criminal groups are attracted to economic crime due to the perceived low risk and high rewards associated with the activity. MOCA has the ability however to investigate and prosecute these crimes despite the complexity of some of the investigations involved.

 

​

In order to fulfill this mandate, the Agency is tasked with the following responsibilities;

​

  • Professional and effective interaction with victims of Economic Crimes

  • Upgrades in the usage of new technologies and subsequent training,

  • Research of new and emerging trends of Economic Crimes,

  • Engage other law enforcement agencies,

  • Sensitization of the public,

  • Partner with public and private entities

  • Encourage reporting and disclosure.

​

In the course of these investigations, MOCA is guided by the following pieces of legislation;

​

  • Law Reform (Fraudulent Transactions)(Special Provisions) Act 2013

  • Forgery Act

  • Cyber Crimes Act

bottom of page