Journal of Financial Crime: Volume 12 Issue 1

Justifying the civil recovery of criminal proceeds

Anthony Kennedy

Examines the trend to use standalone civil forfeiture procedures as an alternative to criminal processes for removing the proceeds of crime, outlining the distinction in most…

Using data mining to detect crop insurance fraud: is there a role for social scientists?

Roderick M. Rejesus, Bertis B. Little, Ashley C. Lovell

Defines data mining as the extraction of potentially useful information from large databases. Shows how data mining can be applied to detecting anomalous behaviour in American…

Identity theft: the US legal environment and organisations’ related responsibilities

Gregory J. Gerard, William Hillison, Carl Pacini

Discusses an organisation’s responsibilities to mitigate the opportunity for identity theft, which is the criminal act of assuming the identity of another person with the…

China, globalisation and crime: a potential victim of its own prospective success?

Rob McCusker

Describes corruption in China as accounting for 4‐8% of its GDP and as such a restraint on the financial system’s ability to carry out its basic functions, despite the undeniable…

The effect of crime on macroeconomic adjustment

Miguel Urrutia

Describes Colombia’s experience over the last decade, during which the country benefited from discovery of a large oil deposit and from a general increase in capital flows to…

Does the punishment fit the crime?

Carol R. Van Cleef, Harvey M. Silets, Patrice Motz

Describes anti‐money laundering statutes within the US federal criminal code. Introduces the USA’s Bank Secrecy Act (BSA), a record‐keeping and reporting statute that also…

Economic crime ‐ the financial system as a victim

Richard Pratt

Outlines the ways in which economic crime uses the financial system to both commit the crimes and hide the proceeds, so that the ability of the financial system to create wealth…

Combating corruption in Nigeria ‐ bliss or bluster?

Abdullahi Y. Shehu

Defines corruption, which includes the practices of bribery, nepotism and misappropriation. Gives an overview of the corruption situation in Nigeria. Discusses its possible…

Fraud in US organisations: an examination of control mechanisms

Kristy Holtfreter

Focuses on a type of white‐collar crime known as occupational fraud, which is estimated to amount to 6% of total revenues in the USA. Describes the control mechanisms that US…