Countering Economic Crime

Economic crime is a significant feature of the UK’s economic landscape and yet despite the government’s bold mission statements ‘to hold those suspected of financial wrongdoing to account’ as part of their ‘day of reckoning’ and ‘serious about white-collar crime’ agenda, there is a sense that this is still not being done effectively. This book examines the history of the creation of the UK’s anti-economic crime institutions and accompanying legislation, providing a critique of their effectiveness. The book analyses whether the recent regulatory regime is fit for purpose as well as being appropriate for the future. In order to explore how the UK’s economic crime strategies could be improved the book takes a comparative approach analysing policy and legislative responses to economic crime in the United States and Australia in order to determine whether the UK could or should import similar structures or laws to improve the enforcement of UK economic crime.

Substantially reduce the largely hidden cost of fraud, and reap a new competitive advantage. As the title suggests, Countering Fraud for Competitive Advantage presents a compelling business case for investing in anti-fraud measures to counter financial crime. It looks at the ways of reaping a new competitive advantage by substantially reducing the hidden cost of fraud. Aimed at a wide business community and based on solid research, it is the only book to put forward an evidence-based model for combating corporate fraud and financial crime. Despite its increase and capture of the news headlines, corporate fraud is largely ignored by most organizations. Fraud is responsible for losses of up to nine percent of revenues—sometimes more. Yet, most organizations don't believe they have a problem and don't always measure fraud losses. This highlights an area for capturing a competitive advantage—with the right counter-fraud strategy, massive losses due to the cost of fraud can be reduced for a fraction of the return. Advocates a new model for tackling fraud and illustrates theories with best practice examples from around the world The authors have close links with the Counter Fraud Professional Accreditation Board: Jim Gee is a world–renowned expert in the field, and has advised private companies and governments from more than 35 countries. Mark Button is Director of the leading Centre for Counter Fraud Studies, Portsmouth University, U.K. Organizations are losing millions of dollars to fraud. This book outlines a comprehensive approach to reducing financial crime and helping return some of the revenue lost to the cost of fraud.

This book is the first attempt to establish economic crime as a new sub-discipline within criminology, covering fraud, corruption, bribery, money laundering, price-fixing cartels, intellectual property crimes, as well as public, private, and global responses.

This book deals with the widespread economic and financial crime issues of corruption, the shadow economy and money laundering. It investigates both the theoretical and practical aspects of these crimes, identifying their effects on economic, social and political life. This book presents these causes and effects with a state of the art review and with recent empirical research. It compares the international and transnational aspects of these economic and financial crimes through discussion and critical analysis. This volume will be of interest to researchers and policy makers working to study and prevent economic and financial crime, white collar crime, and organized crime.

This handbook covers economic crime investigations, with practical analysis of economic crimes against business, investors, consumers and those affecting public health and safety. Included are discussions of fraud, embezzlement, business scams, and computer crimes, plus appendices highlighting the practical aspects in the investigation of economic crimes.

1. Challenges and Trends in Enforcing Economic and Financial Crime: Criminal Law and Alternatives in Europe and the US -- Katalin Ligeti and Stanislaw Tosza -- 2. Enforcing Economic and Financial Policies in National Systems - Financial Markets Regulation, Environmental -- Law and Competition Law -- 2.1. France -- Juliette Tricot and Maxime Lassalle -- 2.2. Poland -- Stanislaw Tosza and Witold Zontek -- 2.3. Sweden -- Vladimir Bastidas Venegas and Maria Bergström -- 2.4. Th e US -- Sara Sun Beale -- 3. Regulating Instead of Punishing: Th e Senior Managers Regime in the UK -- Iain MacNeil -- 4. Economic Crime in the UK: Corporate and Individual Liability -- Celia Wells -- 5. Corporate Criminal Liability and Groups of Corporations: A Need for a More Economic Approach? -- Vanessa Franssen -- 6. The Privilege against Self-Incrimination of Corporations -- Stijn Lamberigts -- 7. The Criminalisation and Protection of Whistleblowers in the EU's Counter-Financial Crime Framework -- Umut Turksen.

This book is the first attempt to establish 'economic crime' as a new sub-discipline within criminology. Fraud, corruption, bribery, money laundering, price-fixing cartels and intellectual property crimes pursued typically for financial and professional gain, have devastating consequences for the prosperity of economic life. While most police forces in the UK and the USA have an ‘economic crime’ department, and many European bodies such as Europol use the term and develop strategies and structures to deal with it, it is yet to grain traction as a widely used term in the academic community. Economic Crime: From Conception to Response aims to change that and covers: definitions of the key premises of economic crime as the academic sub-discipline within criminology; an overview of the key research on each of the crimes associated with economic crime; public, private and global responses to economic crime across its different forms and sectors of the economy, both within the UK and globally. This book is an essential resource for students, academics and practitioners engaged with aspects of economic crime, as well as the related areas of financial crime, white-collar crime and crimes of the powerful.