Journal of Financial Crime: Volume 7 Issue 4

The Coming Wave of Transparency Reform: A Tidal Shift

Jonathan M. Winer

Over the past year, a series of international financial scandals have highlighted significant gaps in the global system which seeks to regulate and enforce global norms to protect…

Keynote Address to the 17th International Cambridge Symposium on Economic Crime

Rosalind Wright

In the words of the song, ‘Money Makes the World go Round’. In the business of investigating and prosecuting serious and complex financial fraud, especially the international…

To Disclose or Not to Disclose: If That Is the Question What Is the Answer?

George J. Moscarino, Laura Tuell Parcher, Michael R. Shumaker

The corporate disclosure decision is one of the most difficult decisions any corporation, its management and counsel will face. If a corporation learns that it or one of its…

Legal and Other Issues Raised by Grand Corruption

Toby Graham

It used to be said that bribery was part of the price for doing business in certain countries. Very little attention was paid to those cases where substantial wealth was acquired…

Public Interest Immunity and Disclosure of Unused Materials in Criminal Proceedings

Helen H.Y. Lee

This paper focuses on public interest immunity (PII) and disclosure of unused material in the context of criminal proceedings. PII used to be referred to as Crown privilege and…

‘Chinese Walls’

Michael Grant, Lorraine Talbot

The handling of conflicts of interest has become an increasingly important concern for modern professional advisers, in particular lawyers, accountants, brokers and financial…

A Bit of an Ending: The Bre‐X Litigation, Class Actions and the Liability of Professionals

Michelle Gallant

The notion of suing professionals — lawyers, brokers, accountants — appears to make good financial sense. It seems fiscally sensible because, while an offender may melt into the…

China: Responsibilities of the Procuratorate and the Necessity for Cooperation in Combating Economic Crime

Dai Yu‐Zhong

China is a developing country. It is establishing a socialist market economy in a country with a socialist legal system. Since the start of the adoption of reform policy and of…

Israel: Money Laundering: At the Crossroads

Guy Harpaz, Sylviane Colombo

The lucrative enterprise of money laundering, the threat it poses to the integrity and stability of financial sectors as well as to the democratic societies themselves, and the…

Japan: Yakuza and Economic Crime in the USA

Nadim Karim

The debate on taking ‘the profit out of crime’ in most countries has been linked to an increasing recognition of the threat to national and international stability represented by…

South Africa: Public Sector Corruption

William Heath

Corruption in the public sector has and always will continue to be a thorn in the side of any government throughout the world. Irrespective of what control measures are put in…