Fighting financial crime: failure is not an option
ISSN: 1359-0790
Article publication date: 22 January 2020
Issue publication date: 10 February 2020
Abstract
Purpose
The purpose of this study is to provide an overview of some of the deficiencies in the criminal justice system in Jamaica, particularly relating to financial crime. The author also examines possible alternatives in the approach that may be taken in tackling financial crime.
Design/methodology/approach
The methodology used was a review of data on financial crime in Jamaica as well as recent significant cases. An analysis of key pieces of legislation was also undertaken. In some instances, a comparative approach was invoked, with special reference to the UK and US laws.
Findings
Some essential findings include the positive impact that may be gained from restorative justice principles, the effective enforcement of asset recovery provisions and stricter regulation of the financial services industry.
Originality/value
There is no similar comprehensive examination of these issues concerning Jamaica.
Keywords
Acknowledgements
This article is based on a paper presented by the author on September 6, 2017 at the 35th Cambridge International Symposium on Economic Crime, Cambridge, UK.
Citation
Ali, S. (2020), "Fighting financial crime: failure is not an option", Journal of Financial Crime, Vol. 27 No. 1, pp. 1-23. https://doi.org/10.1108/JFC-04-2019-0050
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited