Journal of Financial Crime: Volume 24 Issue 4

Editorial

Combatting the global crime of bribery: a report on Canadian foreign official anti-bribery policy

The purpose of this paper is to provide an updated review of Canadian foreign official anti-bribery policy.

Too big to fail, too big to jail: restoring liability a lesson from HSBC case

This paper aims to highlight the shift of impunity from institutions to individuals within the “too big to fail, too big to jail” paradigm and to restore individual liability in…

Fortifying a risk-based approach in the South African AML/CFT process

The purpose of this paper is evaluate the provisions of Financial Intelligence Centre Act Amendment Bill, 2016 which intends to give effect to the implementation of the envisioned…

Financial crime – is there any way out of the theoretical deadlock?

This paper aims to approach fundamental topics of financial crime and the law. What does constitute financial crime? Which field of law is best suited to address the threats of…

Characteristics of real backdaters

Recent findings show that CEOs tend to backdate their stock option grants so that a past date on which the stock price was particularly low is picked to be the grant date. Using…

De-normalizing corruption in the Indonesian public sector through behavioral re-engineering

Based on the authors’ study, the purpose of this paper is to ascertain the best approach to mitigate corruption in the Indonesian public sector. To do so, the paper uses three…

Punishing tax offenders in France and Great Britain: two criminal policies

Since 2008-2009, the governments in France and Great Britain have encouraged more rigorous penalization of tax evaders. This paper aims to investigate the implementation of these…

Ponzi schemes and the roles of trust creation and maintenance

The purpose of this study is to elaborate on how schemers build and maintain trust essential for financial fraud that persists over many years. A Ponzi scheme is a form of…

Corruption crime and punishment: evidence from China’s state corruption audits

This paper aims to answer the following two research questions: Do corruption cases present different features before and since the new administration in China? How are criminal…

Identifying fraud using restatement information

The purpose of this paper is to analyze the restatement information disclosed in the Form 8K and the Press Release. It examines the relationship between manipulating the quantity…

Reconsidering the effectiveness of an asset confiscation scheme

The purpose of this paper is to suggest how the effectiveness of an asset confiscation scheme might be evaluated by focussing on the currently operating Victorian model in…

Spotting the lone actor: combating lone wolf terrorism through financial investigations

In 2014, Paul Gill et al. introduced a study of 119 lone-actor terrorism cases, and found that lone-actor extremists could be more accurately identified by their behavioural…

Unsafe insurance

The purpose of this paper is to study life-loss risk in some life insurance policies and propose solution to the problem found.

A cross-country study on manipulations in financial statements of listed companies: Evidence from Asia

The purpose of this study is threefold: first, to detect trends in financial statement manipulation; second, to measure the level of manipulation and to measure the variation in…

Certainty and financial crime control

There has been a significant increase in the number of financial crime regulatory offences (as distinct from traditional fraud offences). The purpose of this paper is to address…

Suspicious alerts in money laundering – the Crédit Agricole case

The purpose of this paper is to provide an analysis of the recent Crédit Agricole case outcome, whereby the bank was found to have undertaken insufficient investigation and failed…

How stock markets become desensitized to terror

A widely accepted belief indicates that terror activities have negative impact on stock markets. Contrary to numerous empirical studies, the purpose of this paper is to consider…