What is the legal framework for preventing fraud and economic crime?

In Missouri, the legal framework for preventing fraud and economic crime is similar to that of other states in the US. The legal framework is made up of administrative regulations, criminal laws, and civil laws. Administrative regulations allow state governmental agencies to implement policies and procedures to prevent fraudulent and economic activity. These regulations are used to create rules, oversee and monitor organizations, and carry out investigations. Criminal laws make up the majority of the legal framework for preventing fraud and economic crime in Missouri. These laws establish what acts are considered to be criminal and can be punished with fines and imprisonment. Examples of criminal laws in place include the “Missouri Merchandising Practices Act”, which criminalizes deceptive and unfair business practices, and “Missouri’s Computer Crime Statute”, which establishes the crime of unauthorized access to a computer to commit fraud or other crimes. In addition, the State of Missouri also has civil laws in place to help recover funds lost to fraud and economic crime. These laws provide victims the ability to seek restitution from those parties responsible for the fraud and economic crime. These laws are enforced by the Missouri Attorney General’s Office and allow victims the opportunity to receive compensation for their loss. Overall, the legal framework in place in Missouri helps to prevent and prosecute fraud and economic crime. This framework allows state agencies to create rules and regulations, criminalizes those acts deemed illegal, and provides victims of fraud and economic crime an opportunity to seek restitution.

What is the legal framework for preventing fraud and economic crime?

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