Journal of Financial Crime: Volume 9 Issue 1

Corruption and the Financial Sector: The Strategic Impact

John McFarlane

This paper discusses how corruption, in its various manifestations, has had — and continues to have — a very serious impact on the economic and political stability of the…

Fighting Economic Crime — Action Taken in the European Union

Johan Vlogaert

During the 1980s, the fight against economic crime, including money laundering, was already very high on the political agenda in most of the European states. According to…

Evidence for the Value of Ethics

Ronald D. Francis

It has become a truism that ethics is now being treated with the importance that it so obviously deserves. One of the singular merits of ethics is the commercial benefit that it…

Some Case Studies of the Bombay Stock Exchange

B.V. Kumar

Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders'…

Regulatory Models for Protecting the Markets: An Australian Perspective

Mark McGinness

Most governments would profess either to having a model regulatory system for their markets or at least to having a proposal for a model regulatory system. The leading…

Online Securities Fraud

Russell G. Smith, Peter N. Grabosky

Finance is the lifeblood of an economy. Businesses require capital in order to start up, and usually require additional resources to maintain or expand their activities. In some…

Parallel Proceedings in Germany: Problems and Solutions

Volker Lipp

This paper examines the problems of parallel proceedings against financial intermediaries, and the solutions offered by German law. The first part identifies the practical…

E‐Commerce Security: The Birth of Technology, the Death of Common Sense?

Robin McCusker

Amidst the clamber to join the high‐tech world of e‐commerce, companies have neglected to apply common sense to their endeavours. It is arguably the lack of common sense rather…

Guarding the Company against Dishonest Employees

Mohammed B. Hemraj

This paper, which in part includes historical analysis, examines the following questions: (a) Whose duty is it to guard against fraud, misappropriation and defalcation perpetrated…