Journal of Financial Crime: Volume 25 Issue 1

Editorial

Report on the debate regarding EU cash payment limitations

Response to suggestion that EU-wide cash payment limits would assist in the control of terrorism finance and money laundering.

Forgetting corruption: unlearning the knowledge of corruption in the Indonesian public sector

Based on the authors’ study, the main purpose of this paper is to ascertain a systematic long-term solution for the corruption problem in the Indonesian public sector from the…

Kleptocracy in Nigeria

The purpose of this study is to sonographically explore kleptocracy in Nigeria’s nascent democracy and evaluate how democracy can mitigate kleptocratic behavior amongst Nigerian…

Reflections on Rwanda’s approaches to crime related asset recovery

In this paper, the author intends to showcase the effectiveness of the Rwandan legal regime governing criminal asset recovery. This paper aims to advocate for a need to enforce…

Pyramids, Ponzis and fraud prevention: lessons from a case study

This paper aims to empirically identify factors that increase consumer vulnerability to pyramid scheme fraud and compares/contrasts dynamics and implications of pyramid and Ponzi…

Anti-money laundering disclosures and banks’ performance

The purpose of this paper is to explore the extent of anti-Money laundering (AML) disclosures in the annual reports and websites by differentiating between UAE Islamic and…

Bitcoin transactions: a digital discovery of illicit activity on the blockchain

The purpose of this paper is to determine if Bitcoin transactions could be de-anonymised by analysing the Bitcoin blockchain and transactions conducted through the blockchain. In…

Accountability of senior compliance management for compliance failures in a credit institution

In most industries, legal entities of a certain size and complexity must have a compliance function. Such requirement is either set forth by regulatory law or the governance rules…

Strengthening the effectiveness of whistleblowing system: A study for the implementation of anti-corruption policy in Indonesia

The purpose of this paper is to identify and map out various aspects and key elements, which are necessary to strengthen an effective and systematic whistleblowing system (WBS…

Tax malfeasance of high net-worth individuals in Malaysia: tax audited cases

This paper aims to analyse the profiles of high net-worth individuals (HNWIs) who were caught for tax malfeasance during a tax audit and to examine factors that influence tax…

Preventing malfeasance in low corruption environments: twenty public administration responses

Corruption undermines good governance. Strategies for preventing malfeasance in low-corruption environments require a different approach to that applied in high-corruption…

Can “harmonization” antidote tax avoidance and other financial crimes globally?

The purpose of this research paper is to underscore that harmonization of laws, much as it might not offer a lasting cure of tax avoidance and other forms of financial crimes, can…

Liability for negligently issued anti-mafia certificates

This paper aims to analyse the different forms of liability that might apply under Italian private law to anti-mafia advisors who negligently perform their duties, with particular…

The cost of not wanting to know – the professions, money laundering and organised crime

This paper aims to advocate the development and re-emphasis of “epistemic virtue” in relevant professional ethical codes so that attention is re-focussed on the responsibility of…

Do white-collar offenders find prison more punitive than property offenders: Club Fed or Club Dread?

The purpose of this paper is to use exchange rate theory to compare how white-collar offenders and property offenders rank the severity of various correctional sanctions.