Research evaluates how financial criminals evade laws
Two investigators examine the frequency and implications of bankruptcy fraud and money laundering. They also assess the degree of cultural and ethical differences between these acts in the United States and Europe, where the crimes are more prevalent. Ref. Source 9p.
Many of the white collar crime is done by people who understand know the loop holes to look for in the financial worl. I agree that if the world banks would get together and form on set of rules that they all followed then that would shut down many of the loopholes and make the 'white collar' crimes be much harder to commit and much easier to catch.
White collar criminals often get lighter sentences and easier time in minimum security prisons. What a crock. These people often hurt hundreds or thousands of people. Sure, they aren't dangerous or an escape risk, but they are evil and self-centered people who care not a whit for the people they hurt.