Journal of Financial Crime
Issue(s) available: 115 – From Volume: 1 Issue: 1, to Volume: 29 Issue: 3
Microeconomics of corruption based on behavioural economics
Vicente Humberto MonteverdeThe purpose of this paper is to establish a microeconomics model of corruption based on the behavioural sciences.
Legal basis for the fraud exception in letters of credit under English Law
Zaid AladwanThis paper aims to analyse the status of the bank’s knowledge and the hardship related to the clear evidence requirement with regard to establish the fraud exception rule…
Ethical values and auditors fraud tendency perception: testing of fraud pentagon theory
Widya Ais Sahla, Ardianto ArdiantoThis study aims to examine the fraud tendency on the perception of external auditors triggered by five components of the fraud pentagon: pressure (P), opportunity (O)…
Creating a Nexus between Dark Triad Personalities, Non-Performing Assets, Corporate Governance and Frauds in the Indian Banking sector
Nilaya Murthy, Santosh GopalkrishnanThe banking sector requires a major comeback with the series of bank frauds that has shook the nation. The rising non-performing assets (NPAs) and corporate frauds find…
The urgency of sharia compliance regulations for Islamic Fintechs: a comparative study of Indonesia, Malaysia and the United Kingdom
Yudho Taruno MuryantoThis article aims to explore legal challenges regarding the regulation and supervision of Islamic Fintech and to construct Sharia compliance regulations to strengthen the…
Strengthening financial integrity in Nigeria: the national identification harmonization project
Ogochukwu Monye, Louis De KokerNigeria needs to improve its national identification coverage to support improved anti-money laundering and combating of financing of terrorism and proliferation (AML/CFT…
Cultural aspects of the EU-Whistleblowing Directive
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe European Union’s Whistleblower Directive (WBD), or formally the “Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the…
When is a law firm liable for a data breach? An exploration into the legal liability of ransomware and cybersecurity
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe threat of cybercrime is pervasive. Corporations cannot be convinced, out of sheer luck or naïve conviction, that they will remain unaffected. When targeted, the stark…
Fraud in startups: what stakeholders need to know
Kimberly Gleason, Yezen H. Kannan, Christian RauchThis paper aims to explain the fundraising and valuation processes of startups and discuss the conflicts of interest between entrepreneurs, venture capital (VC) firms and…
The unethical use of deepfakes
Audrey de Rancourt-Raymond, Nadia SmailiThe purpose of this study is to discuss the harmful use of deepfakes in an organizational context, based on the only two cases the authors found that were addressed by the…
Can institutional anomie theory predict victimization? An experimental survey examining institutional anomie and affinity fraud
Thomas E. Dearden, Maria ScapturaThe purpose of this study is to examine whether victims of financial crimes are also affected by anomie. Fraud from supposed financial advisors leaves many victims feeling…
Forensic accounting tools for fraud deterrence: a qualitative approach
Alberto Clavería Navarrete, Amalia Carrasco GallegoThe purpose of this paper is to understand if forensic accounting techniques and tools could contribute to the deterrence of fraud in financial statements, considering the…
Combating terrorist financing in Switzerland in the light of current changes in Afghanistan
Fabian Teichmann, Sonia Ruxandra BoticiuThis paper aims to examine the current situation in Afghanistan after the rapid withdrawal of US troops and the Taliban takeover of the country, and how this has shed new…
Reporting behaviors of familiar identity theft victims: an empirical test of Black’s theory of law
Axton Betz-HamiltonFamiliar identity theft, which occurs when an individual known to a victim steals his/her identity, is a common problem in the USA. The purpose of this study was to…
The limits of the impact of criminal law on the economy in a transition period (on the example of Russia)
Georgy RusanovThe purpose of this paper is to provide a retrospective analysis of the Russian criminal legislation in the field of protection of economic relations in the transitional…
Tax avoidance in family firms: a literature review
Imen Khelil, Hichem KhlifThis paper aims to review the empirical literature dealing with the association between family firms and tax avoidance.
Reducing occupational fraud through reforms in public sector audit: evidence from Ghana
Samuel Kojo Agyemang, Paschal Ohalehi, Oscar Chijoke Mgbame, Kolawole AloThis paper aims to explore the contributions that public sector audit through reforms can make in dealing with the issues of occupational fraud in Ghana.
The role of blameworthiness in the federal probation sentencing of corporate environmental offenders
Emily M. Homer, George E. HigginsThe purpose of this study is to investigate the federal sentencing of organizational probation for environmental offenders using the focal concerns. Those organizations…
The mediating effect of fraud awareness on the relationship between risk management and integrity system
Ranto Partomuan Sihombing, Noorlailie Soewarno, Dian AgustiaGovernment institutions in Indonesia have implemented an integrity system as a strategy to prevent fraud and corruption by integrating the risk management and…
Can Shari’ah supervisory board and Islamic bank characteristics reduce tax avoidance? Evidence in Indonesia and Malaysia
Muhammad TaufikThis study aims to shed light on Shari’ah supervisory boards (SSBs) and the possibilities of Islamic banks to reduce the tax avoidance. Performance and Shari’ah compliance…
Keeping up appearance? Nigeria’s anti-corruption crusade and image dilemma in the global arena
Agaptus Nwozor, Oladiran AfolabiCorruption is a long-standing challenge in Nigeria. The country’s development crises, including widespread poverty and insecurity, have direct and indirect links to…
A delineation of the impact of illicit financial flows on the right to development: details from Cameroon’s special criminal court
Avitus Agbor AgborThis paper advances the argument that misappropriation of public funds should be construed as illicit financial flows (IFFs) which, undoubtedly, have an adverse effect on…
An investigation of individual willingness to pay ransomware
Anna Cartwright, Edward Cartwright, Lian Xue, Julio Hernandez-CastroRansomware is a relatively new form of financial extortion that is proving a major cyber-security threat to individuals and organisations. This study aims to investigate…
Gender board diversity and corporate fraud: empirical evidence from US companies
Ach MaulidiThis study aims to examine the effect of gender board diversity on corporate fraud. Particularly, it is to gain empirical evidence whether firms with more female corporate…
Comparative study of disgorgement and disgorgement fund regulations in Indonesia, the USA and the UK
Dona Budi Kharisma, Afilya HunaifaThe purpose of this paper is two-fold: to analyze the legal issues on disgorgement and disgorgement funds in Indonesia, the USA and the UK and to construct the ideal law…
The impact of cybersecurity on the financial sector in Jamaica
Lauri SmikleJamaica continues to experience financial crimes particularly in cyberspace including e-fraud, identity theft, credit card forging, money laundering and terrorist…
Will the integrated GRC implementation be effective against corruption?
Magda Siahaan, Harry Suharman, Tettet Fitrijanti, Haryono UmarBusiness Principles for Countering Bribery, 2003, helps companies design and implement anti-bribery policies, one of anti-corruption. Since then, the business environment…
Why do fraud victims get blamed? Lerner’s Belief in a Just World and its application to victims of online fraud
Shalini Nataraj-Hansen, Kelly RichardsVictims of online fraud face a high level of blame from their families, friends, professionals, the broader community and often from themselves. Victims are commonly…
Reexamining the anti-money-laundering framework: a legal critique and new approach to combating money laundering
Paul Michael GilmourMoney laundering poses significant challenges for policymakers and law-enforcement authorities. The money-laundering phenomenon is often acknowledged as a type of “serious…
Curbing corruption and promoting a more efficient corporate governance regime in Nigeria
Uchechukwu Nwoke, Chinwe Martha Ekwelem, Henrietta Chibugo Agbowo-EgboThe purpose of this paper is to examine the prevalence of corruption not as it concerns corruption generally but specifically in relation to corporations in Nigerian. It…
The shortcomings of anti-corruption measures: Kuwait’s financial disclosure system
Eiman Khaled AlqattanThe paper aims to critically evaluate the legal provisions related to Kuwait’s financial disclosure system and whether its anti-corruption measures are sufficient. The…
Tax avoidance in banking institutions: an analysis of the top seven Nigerian banks
Dada Folorunso, Mark Eshwar LokananThe purpose of this paper is to review the quantum and magnitude of tax avoidance in Nigeria's top seven banks by using recognized tax avoidance proxies of the Generally…
International implications of corruption in Eastern European prosecution offices: a field report
Fabian Maximilian Johannes Teichmann, Chiara WittmannThis paper aims to explore the effect of corruption in the Eastern European legal system as it implicates German-speaking jurisdictions in cases of international…
Influence of tax dodging on tax justice in developing countries: some theory and evidence from Sub-Saharan Africa
Olatunde Julius Otusanya, Jia Liu, Sarah George LauwoThe mobilising domestic resources, in particular, taxation, is key to unlocking the resources required for public investment in infrastructure, growth and sustainable…
Sustainable response system building against insider-led cyber frauds in banking sector: a machine learning approach
Neha Chhabra Roy, Sreeleakha PrabhakaranThis paper aims to focus on the different types of insider-led cyber frauds that gained mainstream attention in recent large-scale fraud events involving prominent Indian…
Administrative and legal mechanisms for combating corruption
Nataliia A. Lytvyn, Olena V. Artemenko, Svitlana S. Kovalova, Maryna P. Kobets, Elena V. Kashtan (Grygorieva)The purpose of this paper is to study the administrative and legal mechanisms of combating corruption, namely, to determine the means by which it is possible to develop a…
A systematic literature review on frauds in banking sector
Deepa Mangala, Lalita SoniBanking industry peculiarly has become soft target for several pernicious deceptive and fraudulent activities. The purpose of this paper is to systematically review the…
Cameroon’s special criminal court: an appraisal of its first decade of existence
Avitus Agbor AgborIn total, 10 years since the establishment of the Special Criminal Court (SCC) in Cameroon to deal with a specific kind of corruption, one may wonder whether any…
Catastrophic fraud loss lies where it falls? Push payment scams and the bank’s duty of care to its customer
Judith DahlgreenThis paper aims to examine the legal redress available to a UK bank customer who has been the victim of a sophisticated push payment scam which made use of the bank’s…
Countering corruption in the context of digitalisation: criminal and criminological aspects
Anna Serebrennikova, Tatiana Minyazeva, Denis Dobryakov, Valentina Shiyаn, Olga AfanasievaIn today’s world, the prevention and detection of corruption offences are becoming increasingly important. The most important tasks are to create an intolerant public…
Senior financial exploitation through wills, trusts, and guardianship: basics, red flags and prevention measures
Martina Kirsten Schmidt, Nicole Forbes Stowell, Carl Pacini, Gary PattersonThe purpose of this paper is to discuss financial fraud and exploitation against seniors relating to wills, trusts and guardianship. The paper describes how this fraud…
Severity of US sanctions against foreign firms: evidence from the FCPA enforcements
Emre KuvvetThe purpose of this study is to examine whether foreign firms pay disproportionately higher monetary penalties after controlling for factors that affect the sanctioning of…
Negotiating without the victim state: the exclusiveness of anticorruption settlements
Nadja Capus, Kei Hannah BrodersenCorporate foreign bribery can have devastating consequences on communities and states. Over the past decade, there have been several promising developments, both national…
Reframing whistleblowing intention: an analysis of individual and situational factors
Dian Anita NuswantaraThis paper aims to reframe the whistleblowing process by examining the individual and situational factors that have been overlooked by prior studies. Ethical climate…
Green claims, green washing and consumer protection in the European Union
Gabriella MarcatajoThe purpose of this paper is to offer some reflection on the importance of reliable green claims to encourage sustainable production. The role of market is fundamental…
Old frauds with a new sauce: digital assets and space transition
Daniel Dupuis, Deborah Smith, Kimberly GleasonThe purpose of this study is to describe the evolution of fraud schemes with historically conducted with fiat money in physical space to the crypto-assets in digital space…
Criminological measures to counteract corruption offences in the field of illegal gambling
Anara S. Berdaliyeva, Alexandr I. Kim, Aliya M. Seraliyeva, Aivazkhan A. Gassanov, Makhambet V. DunentayevDespite all the anti-corruption measures and anti-corruption initiatives, people offer or accept bribes without any hesitation. As anywhere in the world, the negative…
Theory and practice of criminal law combating corruption in the Republic of Kazakhstan
Nursulu Zh. Siubayeva, Aigul M. Kalguzhinova, Darkhan O. Ozbekov, Saule S. Serikbayeva, Kamshat S. AmirbekIn accordance with the country’s programme documents, the fight against corruption, defined as the most important strategic priority of the national policy of the Republic…
Effect of quality of governance on the relationship between illicit financial flows and economic growth
Hazlina Mohd Padil, Eley Suzana Kasim, Fazlida Mohd Razali, Ruhaya Atan, Haziq AminullahThe purpose of this paper is twofold. First, the study aims to examine the direct effect of illicit financial flows (IFF) and quality of governance (QoG) on economic…
The incidence of accounting fraud is increasing: is it a matter of the gender of chief financial officers?
Endah Tri Wahyuningtyas, AisyaturrahmiThe purpose of this paper is to examine the association between accounting fraud and the gender of chief financial officers (CFOs).
Formation and development of taxation and legislation on administrative responsibility for tax offences in the Republic of Kazakhstan
Aigul K. Kussainova, Ainur A. Sabitova, Shynar A. Sabitova, Saule M. Saparaliyeva, Yernar N. BegaliyevThe relevance of this research topic lies in the fact that administrative responsibility for tax offences is one of the most complex sections of legislation providing for…
Investigative prevention of corruption crimes
Madina О. Kassimova, Yerbol A. Omarov, Ramazan R. Zhilkaidarov, Yerlan S. Abulgazin, Ainur A. SabitovaThe fight against corruption, which undermines the efficiency of the state apparatus and public confidence in public institutions, remains one of the critical present-day…
Comparative study of personal data protection regulations in Indonesia, Hong Kong and Malaysia
Al Sentot Sudarwanto, Dona Budi Budi KharismaThe purpose of this paper is two-fold: to explore the legal issue of the importance of personal data protection in the digital economy sector and to propose a legal…
The cross-impact of corruption and consumer culture
Vladislav Burmakin, Marianna Dudareva, Andrey Egorov, Valentina Latysheva, Svetlana SalimovaThe purpose of this paper is to study the relationship between corruption and consumption culture from the perspective of their mutual influence on the example of the…
Perceptions on the impact of anti-bribery measures, strategies and programs on the persistence of bribery practices in Nigeria
Abubakar Abubakar Saddiq, Abu Sufian Abu BakarThe purpose of this paper is to assess the perceptions of the grassroots on the impact of combative policy measures, strategies and programs introduced by the government…
New fraud star theory and behavioural sciences
Vicente Humberto MonteverdeThe purpose of this paper is to establish the theory of the fraud star and the formulation of its microeconomic model, based on the behavioural sciences.
Understanding the fraud theories and advancing with integrity model
Shefali Saluja, Arun Aggarwal, Amit MittalThe fraud landscape talks about the existence of fraudulent activities and can be assessed with the help of fraud literature. Taking this into consideration, this paper…
Nature of frauds in Nigeria’s banking ecosystem, 2015-2019
Oludayo TadeThis paper aims to examine the nature of frauds and insider involvement in the perpetration of frauds in Nigeria’s banking ecosystem. It probes the payment platforms…
Carousel fraud in terms of price manipulation
Cecília Olexová, Milan Husťák, František SudzinaThe purpose of this paper is to analyse the effects of carousel fraud on the average price of goods, as one of the negative economic aspects of carousel fraud.
Financial crime in the decentralized finance ecosystem: new challenges for compliance
Christoph WronkaAs decentralized finance (DeFi) has collected substantial promotion, investment and cryptographic development as a new model for numerous financial operations over the…
Rethinking anti-corruption efforts in international development
Stijn KuipersCorruption is commonly seen as a primary impediment to economic development, and its eradication has therefore featured high on development agendas. Most anti-corruption…
Digital currencies and economic sanctions: the increasing risk of sanction evasion
Christoph WronkaThe purpose of this paper is to discuss the effect of the issuance, adoption and use of digital currencies on economic sanctions with the focus being on the increasing…
How could external auditors assess the rationalization of fraud?
Rasha KassemThis study aims to explore methods that external auditors can use to assess the rationalization of fraud in fraud risk assessment in auditing.
Limited liability companies in Jordan: another story for piercing the corporate veil
Kamal Jamal Alawamleh, Abeer Hassan Al-Qaisi, Fathi Tawfiq AlfaouriIn different recent judgments, the Jordanian Court of Cassation, among many other Jordanian Courts, has found that a limited liability company's shareholder may be held…
Research on fraud: an overview from small medium enterprises (SMEs)
Siti Faizah Zainal, Hafiza Aishah Hashim, Akmalia M. Ariff, Zalailah SallehThe purpose of this paper is to present a review of literature on fraud with a specific focus on small and medium enterprises (SMEs). Specifically, it aims to provide…
Analyzing procurement fraud in the US Navy
Juanita M. Rendon, Rene G. RendonThe purpose of this paper is to analyze an ongoing fraud case in the US Navy involving the procurement of ship-husbanding services. The fraud acts will be analyzed from…
Paying a premium for an accounting crime
Lita – Dharmayuni, Lita – DharmayuniThis study aims to look at how the intention of a person when facing a dilemma to choose a good outcome (utilitarian) or a good and ethical process regardless of the…
Drug mule for love
Monica T. WhittyThe purpose of this paper is to gain in-depth understandings of the stages involved in the case of a romance scam victim who was unknowingly used as a drug mule. The work…
The effects of Ponzi schemes and revocation of licences of some financial institutions on financial threat in Ghana
Edmond OforiThe purpose of this study was to assess the effects of the Ponzi schemes and revocation of licences of some financial institutions in Ghana on financial threat.
Senior healt-hcare fraud under investigation
Nicole F. Stowell, Carl Pacini, Martina K. Schmidt, Nathan WadlingerThis study aims to increase awareness and educate the reader about health-care fraud targeting seniors in the USA to help stakeholders better understand, recognize and…
Determinants of investment decision in a Ponzi scheme: Investors’ perspective on the Modaraba scam
Irfan Ullah, Wiqar Ahmad, Arshad AliThis paper aims to identify the key patronage factors that encouraged the public for investment in the Modaraba scam – a Ponzi scheme perpetrated in Pakistan with a whim…
Religion and tax compliance among SMEs in Ghana
Emmanuel Carsamer, Anthony AbbamThe purpose of this study is to assess the suitability of religion and religiosity in small and medium-scale enterprises’ (SMEs) tax compliance in Ghanaian markets. The…
Earnings management as an ethical issue in view of Kohlberg’s theory of moral reasoning
Abdulfatah Ali Belgasem-Hussain, Yousof Ibrahim HussaienThe purpose of this paper is to shed light on and introduce the ethics of earnings management (EM) to researchers and students in the academic community in light of…
Challenges of combating fraudulent practices: evidence from Nigerian public sector
Shehu Umar Sa'id, Khairul Saidah Abas AzmiThis paper aims to explore the challenges faced in combating fraudulent practices in the Nigerian public sector.
The effectiveness of payroll system in the public sector to prevent fraud
Zulkarnain Yusuf, Anuar Nawawi, Ahmad Saiful Azlin Puteh SalinThe purpose of this paper is as follows: first, to analyze the opinion of the civil servant or payroll personnel towards the payroll system that currently used by the…
Disclosure of fraud control information in annual reports as a means of discharging public accountability
Ludek Seda, Carol Ann TiltThis paper aims to investigate the disclosure of fraud-related activities in public sector organisations in Australia. Specifically, the study reviews and evaluates the…
Financial C.R.I.M.Es in small businesses: causes and consequences
Radiah Othman, Fawzi Laswad, Matthew BerkahnThe purpose of this paper is to examine the causes and consequences of financial crimes perpetrated against New Zealand small businesses.
Determinants of occupational fraud losses: offenders, victims and insights from fraud theory
Omari Zuberi KalovyaThe paper aim at empirical examination of the predictors of the occupational fraud losses by drawing insights evolving fraud theoretical frameworks.
Tax evasion and public governance before and after the European “big bang”: a red flag for policymakers
Ahmed Emadeldin Yamen, Hounaida Mersni, Abdulhadi RamadanThe purpose of this study is to examine the impact of public governance quality on tax evasion levels in old (pre-2004) and new (post-2004) European Union (EU) members…
A comparative study on disqualification of company directors in the UK and Nigeria: Lessons for Turkey
Samet Caliskan, Pereowei SubaiThe purpose of this paper is to argue that the disqualification of directors, coupled with other liabilities to which they may be subjected, particularly in insolvency…
Rethinking political warfare in Italy: a bottom-up approach
Alessandro ArcobassoThe purpose of this paper is to provide a brief answer to the following questions: in the arena for State and non-State actors, who and how may guarantee the balance…
Convergence and determinants of anti-corruption disclosure among extractive firms in Africa
King Carl Tornam Duho, Cletus Agyenim-Boateng, Emmanuel Tetteh Asare, Joseph Mensah OnumahThe purpose of this study is to examine the convergence and determinants of anti-corruption disclosures of extractive firms in Africa.
Socioeconomic determinants of property crime offending in Ethiopia: Convicted offenders in focus
Nigatu Wassie, Bekele Melese, Nahom EyasuThe purpose of this study is to investigate the socioeconomic determinants of property crimes on convicted offenders in the Chilga district correctional institution (CDCI).
Risk management, top management support, internal audit activities and fraud mitigation
Waled Younes E. Alazzabi, Hasri Mustafa, Ahmed Ibrahim KarageThis paper aims to examine the effect of top management support (TMS) and risk management (RM) on the internal audit activities (IAA) and fraud mitigation (FM) in the…
RegTech solutions and AML compliance: what future for financial crime?
Esman KurumThis study aims to discuss the growing use of RegTech solutions by financial institutions to comply more efficiently with regulation in terms of anti-money laundering…
Does culture influence whether a society justifies tax cheating?
Ahmed Bani-Mustafa, Anas Al Qudah, Sadeq Damrah, Mamoon AlameenThis paper aims to investigate whether culture has an impact on justifications for tax cheating, and if there is, indeed, a rationale for justifying this behavior.
Italy: money transfer, money laundering and intermediary liability
Livio CorselliThis paper aims to offer a general overview of money transfers in Italy and Europe focussing specifically on the migrant community. This is of particular interest because…
Heterogeneous investors and deterioration of market integrity: an analysis of market manipulation cases
Syed Qasim Shah, Izlin Ismail, Aidial Rizal bin ShahrinThe purpose of this study is to empirically test the role of heterogeneous investor’s, i.e. institutional investors, individuals and insiders in deteriorating market integrity.
ISSN:
1359-0790Online date, start – end:
1993Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditors:
- Dr Li Hong Xing
- Prof Barry Rider
Further Information
