Financial Crimes

This book on the psychology of white collar criminals discusses various cases of financial crime, while also attempting to delve into the minds of the criminals in question. The literature on this topic is growing as it gains momentum in the scientific field, as a result of the extremely negative impact white collar crime has on its victims. Because there is considerable damage and vulnerability from these crimes, it is important to begin to classify them, and to understand the minds of those that commit these offenses. While the current literature is not extensive, this work provides a closer look into the various ethical and legal facets of financial crime, and helps to uncover the social, psychological and neurobiological factors that intersect in the minds of those criminals.

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.

Financial market reform has focused chiefly on the threats to stability arising from the risky, uncontrolled activity of the leaders of financial institutions. Nevertheless, organized crime, white-collar crime, and corruption have a huge impact on financial systems worldwide and must also be confronted if true reform is to be achieved. A collection of articles written by experts in their fields of study, Financial Crimes: A Threat to Global Security spotlights the importance of addressing the problem of illegal financial activity as part of a greater comprehensive plan for reforming the financial sector. Drawn from the 23rd Annual Meeting of the Academic Council on the United Nations System (ACUNS) held in Vienna, the book explores the major themes discussed at this elite symposium. In the first section, the contributors examine changing concepts in security over the course of history and across nations. They discuss how an event in Austria led to the implementation of a new security philosophy that is now followed by the majority of the European Union. The book examines the diverse models of preventing security threats that have grown from that idea as well as the gradual expansion of the role of the security council of the United Nations. The next section analyzes the present state of security worldwide and examines the wide array of criminal activity that plagues the financial sector. Expert contributors reveal methods to identify certain types of behavior and criminals as well as efforts to combat illegal activity—including the role of the media. The final section investigates alternative approaches to preventing another worldwide financial disaster through investigative reporting, human factors analysis, legislative initiatives, and other methods. Filled with insight from international experts, the book highlights both the warning signs to illegal activity as well as the most effective methods for combating the invidious corruption that, if unchecked, puts all nations at risk. Maximilian Edelbacher will be appearing at three upcoming events: June 28, 2012: Roundtable in the House of the European Union in Vienna on the topic "Financial Crimes: A Threat to European Security?" October 8, 2012: Roundtable in Joannneum, Austria on the topic "Financial Crimes: A Threat to Global Security" October 9, 2012: Book presentation at the Hans Gross Museum in Graz, Austria

Examining a shocking array of fraud, corruption, theft, and embezzlement cases, this vivid collection reveals the practice of detecting, investigating, prosecuting, defending, and resolving white-collar crimes. Each chapter is a case study of an illustrative criminal case and draws on extensive public records around both obscure and high-profile crimes of the powerful, such as money laundering, mortgage fraud, public corruption, securities fraud, environmental crimes, and Ponzi schemes. Organized around a consistent analytic framework, each case tells a unique story and provides an engaging introduction to these complex crimes, while also introducing students to the practical aspects of investigation and prosecution of white-collar offenses. Jennifer C. Noble’s text takes students to the front lines of these vastly understudied crimes, preparing them for future practice and policy work.

An in-depth scrutiny into the American savings and loan financial crisis in the 1980s. The authors come to conclusions about the deliberate nature of this financial fraud and the leniency of the criminal justice system on these 'Gucci-clad white-collar criminals'.

WRITTEN BY A LAW ENFORCEMENT PROFESSIONAL FOR OTHER LAW ENFORCEMENT PERSONNEL IN THE TRENCHES This book examines the workings of organized criminals and criminal groups that transcend national boundaries. Discussions include methods used by criminal groups to internationally launder money; law enforcement efforts to counteract such schemes; and new methods and tactics to counteract transnational money laundering. A PRACTICAL GUIDE TO FACETS OF INTERNATIONAL CRIME AND MEASURES TO COMBAT THEM Intended for law enforcement personnel, bank compliance officers, financial investigators, criminal defense attorneys, and anyone interested in learning about the basic concepts of international crime and money laundering, this timely text explains: money laundering terms and phrases an overview of relevant federal agencies, transnational criminal organizations, and basic investigatory techniques the intricacies of wire transfers and cyberbanking the phenomenon of the "World Wide Web"

In the 18 chapters in this volume of Contemporary Studies in Economic and Financial Analysis, expert contributors gather together to examine the extent and characteristics of forensic accounting, a field which has been practiced for many years, but is still not internationally regulated yet.

The recent global financial crisis has been characterised as a turning point in the way we respond to financial crime. Focusing on this change and ‘crime in the commercial sphere’, this text considers the legal and economic dimensions of financial crime and its significance in societal consciousness in twenty-first century Britain. Considering how strongly criminal enforcement specifically features in identifying the post-crisis years as a ‘turning point’, it argues that nineteenth-century encounters with financial crime were transformative for contemporary British societal perceptions of ‘crime’ and its perpetrators, and have lasting resonance for legal responses and societal reactions today. The analysis in this text focuses primarily on how Victorian society perceived and responded to crime and its perpetrators, with its reactions to financial crime specifically couched within this. It is proposed that examining how financial misconduct became recognised as crime during Victorian times makes this an important contribution to nineteenth-century history. Beyond this, the analysis underlines that a historical perspective is essential for comprehending current issues raised by the ‘fight’ against financial crime, represented and analysed in law and criminology as matters of enormous intellectual and practical significance, even helping to illuminate the benefits and potential pitfalls which can be encountered in current moves for extending the reach of criminal liability for financial misconduct. Sarah Wilson’s text on this highly topical issue will be essential reading for criminologists, legal scholars and historians alike. It will also be of great interest to the general reader. The Origins of Modern Financial Crime was short-listed for the Wadsworth Prize 2015.

Financial crime affects virtually all areas of public policy and is increasingly transnational. The essays in this volume address both the theoretical and policy issues arising from financial crime and feature a wide variety of case studies, and cover topics such as state revenue collection, criminal enterprises, money laundering, the use of new technologies and methods in financial crime, corruption, terrorism, proliferation of WMD, sanctions, third-world debt, procurement, telecommunications, cyberspace, the defense industry and intellectual property. Taken together, these essays form a must-read collection for scholars and students in law, finance and criminology.

"This is the 'Hitch Hikers Guide to the Galaxy' for Financial Crime Fighters - jam-packed full of advice, anecdotes and assistance from industry leaders that have already journeyed far and wide and are sharing candid tales and truths for those that care to follow. A compelling read, and companion for all of us - whether just starting out, as your career progresses or even for those that think they have made it!" - - John Cusack, Chair of the Global Coalition to Fight Financial Crime A BOOK ABOUT FINANCIAL CRIME FIGHTERS FOR FINANCIAL CRIME FIGHTERS 30 senior leaders in anti-financial crime join forces to share advice, stories, and lessons to help you on your financial crime-fighting journey. They answer 18 questions intended to help make you become a more effective financial crime fighter. "Financial Crime Fighter Book of Mentors is an outstanding resource for financial crime fighters of all levels of experience to learn from the best in the world. I've been lucky enough to work with several of the mentors and I still learned things from them in this book that I didn't know before. This is the type of book that you'll learn from today, but that you can also come back to later on your financial crime-fighting journey and take away different lessons. I highly recommend it!" - Craig Timm, Managing Director, Global Financial Crimes, Bank of America THIS BOOK IS FOR YOU IF: You work in anti-financial crimes and want to take your career to the next level. You are thinking of becoming a financial crime fighter and want to know what it's really like. You are a friend or family member of a financial crime fighter and want to know what they do and why they do it. You want to help fight modern slavery. "Sensational idea for a book: getting the financial crime brains trust together to spill their collective beans on their personal journeys in fighting financial crime is a must-read for anyone interested in this field". - - Anthony Quinn, Founder Arctic Intelligence WE ALL NEED MENTORS TO GUIDE US IN OUR JOURNEY. When facing difficult situations as a financial crime fighter, who do you turn to for advice? We all need a guide, someone who has travelled the road we now wish to navigate and can now share the benefits of the wisdom and insights they gained along the way. WE CALL THEM MENTORS. Here are some of the best in the world in anti-financial crime: John Cusack, Marta Lia Requeijo, Nicholas (Nick) Turner, Mel Georgie B. Racela, Anthony Nappi, Jerome Michailidis, Lucy Masters, Jason Holt, Rod Francis, Scott Burton, Armina Antoniou, Carlos Garcia Pavia, Paul (Paddy) O'Hara, Will Brown, William Scott Grob, Jessica Hodson, Guillermo (Memo) Horta, Marlene Meli, Stevenson (Steve) Munro, Maggie Qiu, Jaikumar (Jai) Ramaswamy, Patricia (Trish) Sullivan, Martin James Wallis, John Fogarty, Matt Friedman, Yvette Cheak, Eric Favilla, Anthony Quinn, Abtar Randhawa, and Deborah Young. ALL PROFITS FROM BOOK SALES ARE DONATED TO FIGHT MODERN SLAVERY. "Fantastic personal insights from some of our industry's finest and the closest thing you will find to a handbook on how to be a successful Financial Crime Fighter." - Steve Barnett, Co-Founder of Gracechurch Financial Crime Prevention Tadeo (Jun) Claravall Jun is a student and teacher of financial crime risk and compliance and has invested over 20 years of study and hands-on experience in the field of anti-financial crime. He has spearheaded anti-financial crime programs as a senior executive for Bank of America, JPMorgan Chase, UBS AG, and Citibank. Jun is the founder of The Financial Crimes (www.thefinancialcrimes.com) a company that creates workshops and scorecard software for financial crime fighters.