Journal of Financial Crime: Volume 25 Issue 2

Editorial

Police corruption: a comparison between China and India

There is no comparative research into the Chinese (PSB) police and the Indian police generally and none on police corruption in particular. This paper aims to show what police…

The creation of express, resulting and constructive trust in banking transactions

This paper aims to analyse the circumstances where an express, resulting or constructive trust may arise in banking transactions, taking in consideration relevant case law…

Financing terrorism through hawala banking in Switzerland

This paper aims to illustrate the feasibility of circumventing the Swiss financial sector’s compliance mechanisms by financing terrorism through hawala networks.

Uncomfortable truths? ML=BS and AML= BS2

The purpose of this paper is to advance debate and prompt new strategies substantially to improve the capacity to disrupt serious profit-motivated crime.

Combatting organised crime and terrorism in Central Asia

This paper aims to examine the shift away from the traditional distinction between organised crime and terrorist groups towards their conceptual convergence under the crime-terror…

Madoff’s Ponzi investment fraud: a social capital analysis

The social network analysis of criminal networks at both the ego and socio-centric level is well established. This purpose of this study is to expand this literature with a social…

A public perception study on bribery as a crime in Turkey

The purpose of this study is to explore the perception of Turkish citizens of the severity of bribery relative to other crimes and violations.

The law is just the law: analysing the definition of corruption in Zimbabwe

The purpose of this paper is to highlight the shortfalls of the legal definition of corruption in Zimbabwe.

Moving in the right direction to fight financial crime: prevention and detection

The purpose of this paper is to identify current measures taken for financial crime’s prevention and detection in the context of Indonesia.

Asset misappropriation in small businesses

This paper aims to increase the understanding of the types of insider financial frauds that occur within small businesses by focusing on a sample of businesses that have not…

Tackling fraud effectively in central government departments: A review of the legal powers, skills and regulatory environment of UK central government counter fraud teams

Fraud has a significant effect on society. It has been estimated to cost the UK economy more than £50bn annually. The Government have signalled their determination to tackle these…

Impact of fraud on Ghanaian SMEs and coping mechanisms

Small and medium-scale enterprises (SMEs) are the engine of growth of most developing countries, as they employ a large number of people as opposed to large firms. Consequently…

Bitcoin money laundering: mixed results?: An explorative study on money laundering of cybercrime proceeds using bitcoin

This paper aims to shed light into money laundering using bitcoin. Digital payment methods are increasingly used by criminals to launder money obtained through cybercrime. As many…

Inventory control weaknesses – a case study of lubricant manufacturing company

For a manufacturing company, inventory control and management is crucial to ensure smooth production and sustainable sales performance, as well as preventing stockout that will…

Adequacy of law enforcement and prosecution of economic crimes in South Africa

Economic crime is a serious challenge to business leaders, government officials and private individuals in South Africa. Given the important role of law enforcement, prosecution…

The art of deterrence: Singapore’s anti-money laundering regimes

In light of the recent 1MDB Scandal in Singapore, this research paper aims to examine the deterrent effect of Singapore’s sanctions against money laundering within financial…

Fraud prevention in Malaysian small and medium enterprises (SMEs)

In Malaysia, as in most of the developing countries, small businesses play pivotal roles in the economy. Yet, despite the contribution of small businesses, previous researchers…

Backdating of executive stock options: comparing financial and nonfinancial industries

The 2008-2009 subprime mortgage crisis in the USA caused bankruptcies and closures of many financial institutions. Yet many CEOs of US financial institutions were awarded huge…

Fraud prevention initiatives in the Nigerian public sector: Understanding the relationship of fraud incidences and the elements of fraud triangle theory

Detecting and preventing fraud are challenging and risky tasks, especially in a fast developing economy such as Nigeria. The efforts become crucial in the government sectors, as…

A model for preventing corruption

This paper aims to investigate the extent of corruption globally, explains its social and economic consequences and introduces a model, composed of corporate governance…

Regulating virtual currencies – the challenges of applying fiat currency laws to digital technology services

The purpose of this paper is to consider the recent (Dec`15) introduction of the Bitlicensing rules in New York and consider from a banking perspective how this will impact on…

Nigerian corruption complex: rethinking complementarities to curative measures

The purpose of this paper is to examine the emerging corruption complex in Nigeria, the cultural nexus that influence its enculturation, dynamics and the amoral values that tend…

Cheque kiting? I have an idea!!

The paper aims to explore the present cheque clearance system in the USA and its possible misuses in the practical sense. Cheque kiting has been a way of creating fictitious cash…

Greed of the elite; capital flight from a fragile country: case of Burundi

This study aims to undertake an institutional analysis of capital flight and examine the drivers of capital flight from Burundi.

Borderless crimes and digital forensic: Nigerian perspectives

This paper aims to determine the extent to which the myriad of cybercrimes is within the purview of extant Nigerian laws against the backdrop of the modicum of legal and…