Journal of Financial Crime: Volume 8 Issue 3

Internal Control and Fraud in the Smaller Building Society

Gerald Vinten, Margaret Greening

Building societies developed in the second half of the 18th century when country people came flooding into the towns and cities to provide the workforce for the new factories…

Knowledge Management in the Proceeds of Crime Community

R.E. Bell

The title of this paper immediately raises a number of issues. Is there such an entity as ‘the proceeds of crime community’? If such an entity exists, can it be ‘managed’? What…

E‐Commerce Risks in the ‘Open and Competitive Market’

Michele Tonglet, Peter Johnstone

The face of the business market has changed beyond all recognition over the past decade, and while there is much talk of global markets some facts are indisputable. Europe is…

Securities Fraud and the Internet: Adapting Existing Regulatory Schemes to Regulation in Cyberspace

Thomas R. Hurst

On 6th September, 2000 the SEC issued a press release accusing 33 companies and individuals of fraudulently using the Internet to make more than $10m in illegal profits by driving…

The Role of a Global Supervisor for International Financial Markets

Kern Alexander

The need for international regulation of financial markets became apparent in the mid‐1970s in response to the post‐Bretton Woods liberalisation of financial markets. The…

International Standards in the Governance of Financial Markets

William Blair QC, Cheong Ann Png

The governance of financial markets is approached at various levels. National regulators are charged with the responsibility for maintaining a system of regulation for the purpose…

Cross‐Border Insider Trading

Donald C. Langevoort

Some 40 years have now passed since the US Securities and Exchange Commission (SEC) began seriously to attack the problem of insider trading in its seminal Cady, Roberts decision…

Nigeria: Bank Fraud

Chibuike Ugochukwu Uche

In recent years, the volume and frequency of fraudulent practices in Nigerian banks have been on the increase. According to the Nigeria Deposit Insurance Corporation (NDIC), the…

Nigeria: Curbing Economic Crime in Petroleum Products

Uche Jack Osimiri

Petroleum products are prime commercial sources of energy throughout the world in spite of the impressive efforts of the International Energy Agency (IEA) and European Economic…