The Net Worth method as technique to quantify income during investigation of financial crime
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Authors
Botha, Andre Eduan
Issue Date
2009-11
Type
Thesis
Language
en
Keywords
Net Worth analysis , Net Worth method , Indirect methods of proving income , Investigation of crime , Forensic investigation , Financial investigation , Forensic technique , Quantify income
Alternative Title
Abstract
It is a well-known fact that criminals derive an income from their illegal
activities, live lavish lifestyles, flaunt their wealth for all to see and acquire
luxury goods. It is also a well known fact that criminals living from the
proceeds of crime do not want to not want to keep financial records of their
transactions or illegitimate business for fear of being detected by the
authorities and to escape being taxed. It is also a known fact that criminals do
not declare income from criminal activities for income tax purposes to the
revenue authorities for fear of the illegal origin of the income being made
known to the investigating authorities and law enforcement.
During the investigation of financial crimes, such as tax evasion and money
laundering, it may be required that the amount or value of money, income or
assets accrued by a subject is determined in order to determine for instance
their liability to pay tax.
This research project examines the Net Worth method as an indirect method
to circumstantially quantify income during the investigation of financial crime.
Description
Citation
Botha, Andre Eduan (2009) The Net Worth method as technique to quantify income during investigation of financial crime, University of South Africa, Pretoria, <http://hdl.handle.net/10500/3305>