Essay example --

Value-Belief-Norm Theory The aim of this research paper will be to depict the difference between criminals who engage in money laundering and tax evasion. In this regard, the theory of Value-Belief-Norm can be taken into concern. According to this theory, actions of an individual are directly influenced by his/her moral and personal values that impose considerable impact upon the behavioral attitudes (Boersema & Reijnders, 2008). Hence, these psychological aspects further forms as a difference between a normal individual and a criminal. Money Laundering Money can often be duly considered as one of the prime reasons for which most of the criminal activities happen in this world. In this regard, one of the commonly identified crimes associated with money is the aspect of money laundering. Money-laundering is regarded as the process through which criminals of all sorts cover the origin of their wealth in order to avoid suspicions from various law-enforcement agencies. This is also performed by the people with the intention of hiding evidences that could lead to their trail in front of the law. Money laundering can be executed through several ways that include structuring and round tripping among the primary ones. In the method of structuring, money is broken into several small deposits that reduce the chances of any suspicion from various law enforcement agencies. In relation to the method of round tripping, money distorts the market, further lessening the chances for law enforcers to detect the money (UNODC, 2013; [1] Legal Informatio n Institute, n.d.). In terms of law, money laundering is considered as a crime and penalty is thus imposed on people involved in laundering money. E.g. 18 USC Â § 1956 of law dep... ...inals Who Engage In Money Laundering and Tax Evasion From the above discussion, several differences can be depicted between criminals engaged in money laundering and tax evasion. In this context, criminals involved in money laundering are influenced to conduct the crime in order to hide the destination or the source of their income. On the other hand, a criminal involved in tax evasion mainly tends to hide real financial status in the form of paying less tax to the concerned authorities. One more dissimilarity between the two can be apparently observed as the legal actions that are imposed over these criminals. Criminals of money laundering are expected to get stern penalty as compared to that of tax evasion. Additionally, moral values, according to Value-Belief-Norm theory also differ in nature between the criminals engaged in money laundering and tax evasion.