Customs, mores and culture in determining the scope of law and financial crime control – relevance of Savigny and Lord Denning’s analysis

Adeoye Johnson Adetunji (Department of Law, University of London School of Advanced Study Institute of Advanced Legal Studies, London, UK)

Journal of Financial Crime

ISSN: 1359-0790

Publication date: 1 October 2018

Abstract

Purpose

The purpose of this paper is to evaluate the role of customs and morality on financial crime control in developing countries, against the background of inherited foreign laws and international best practice.

Design/methodology/approach

The research is explanatory, descriptive and exploratory, relying extensively on existing anti-graft journals, text books, decided cases, constitutional provisions, statutory provisions and United Nation Conventions.

Findings

The research findings and analysis propose that the existing financial crime control measures in developing nations fail to consider local customs and circumstances in formulating anti-corruption policies and laws; consequently, a meaningful and effective financial crime control in developing nations, especially in Nigeria, requires the customs and culture to be examined and evaluated with a view to designing a pragmatic policies and laws.

Originality/value

The paper contributes practical options to observed lapses in the existing financial control laws, especially corruption. The paper will be valuable to African Governments, corporations and the academic community.

Keywords

Citation

Adetunji, A. (2018), "Customs, mores and culture in determining the scope of law and financial crime control – relevance of Savigny and Lord Denning’s analysis", Journal of Financial Crime, Vol. 25 No. 4, pp. 1111-1122. https://doi.org/10.1108/JFC-09-2017-0083

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Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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