Journal of Financial Crime
Issue(s) available: 120 – From Volume: 1 Issue: 1, to Volume: 30 Issue: 4
Understanding business offending: survey research in Iran
Petter Gottschalk, Maryam KamaeiThe purpose of this study is to explore the extent to which white-collar crime makes sense. Understanding business offending reflects the degree of sensemaking among…
Cryptoassets – a new frontier for money laundering and terrorist financing: legal changes to address the increasing AML risk
Koen Byttebier, Konstantinos AdamosThis study aims to provide an overview of the regulatory framework for AML supervision of cryptoassets.
Financial inclusion washing
Peterson K. OziliFinancial inclusion washing has not been considered to be a crime although it should be. This paper aims to present a discussion about financial inclusion washing. It was…
Content analysis of American consumers’ credit card fraud complaints filed with the Consumer Financial Protection Bureau
Hooman Estelami, Kevin LiuEvery year, millions of consumers around the world become victims of credit card fraud. These individuals have to appeal to their credit card companies to reverse…
The birth of the new anti-money laundering authority: harnessing the power of EU-wide supervision
Georgios PavlidisThis paper aims to critically examine the European Union’s legislative initiative to establish an Anti-Money Laundering Authority (AMLA), which will introduce union-level…
Tax evasion and money laundering through crowdfunding: a comparative study of the laws of Mauritius, UK and US
Ambareen BeebeejaunThe phenomenal proliferation of crowdfunding platforms raises concerns on the heightened occurrence of financial crimes since billions of funds are exchanged through these…
Does blacklisting cause a boomerang effect in combating illicit financial flows? Evidence from developing countries
Nibontenin Yeo, Dorcas Amon Ahizi, Salifou Kigbajah CoulibalyTax evasion and money laundering have become important sources of illicit financial flows in developing countries. Foreign capital flows used by shell corporates are…
The need for a robust legal framework on corporate criminal liability in Mauritius: lessons from the French model
Bhavna MahadewThe lack of legal framework on corporate criminal liability (CCL) in Mauritius is a matter of concern with the growing number of corporate crimes. The purpose of the paper…
The role of Machiavellian personality, altruistic personality, religiosity, whistleblowing system, and accounting firm size in mitigating fraud intention
Dwi Marlina Wijayanti, Yayu Putri Senjani, Wilda FarahThis study aims to explore personal and organizational factors in mitigating fraud intention through machiavellian personality, altruistic personality, religiousity…
Martial law and smuggling of goods: the search for the optimal model of legal liability
Olha Bondarenko, Maryna UtkinaThe purpose of this study is the characteristics of the issue of legal responsibility for the smuggling of goods under the conditions of martial lawin Ukraine.
Two decades of financial statement fraud detection literature review; combination of bibliometric analysis and topic modeling approach
Milad Soltani, Alexios Kythreotis, Arash RoshanpoorThe emergence of machine learning has opened a new way for researchers. It allows them to supplement the traditional manual methods for conducting a literature review and…
The contagion of corruption: a model for understanding systemic ethical failures
James F. Gilsinan, James E. Fisher, Muhammad Q. Islam, Henry M. Ordower, Wassim ShahinEfforts to combat corruption in society often seem to resemble a game of whack-a-mole. When dealt with in one sector of the society, it pops up in another, and while that…
Individual residence and identity theft: how residential characteristics shape exposure and risk of offline and online identity theft victimization
Alexander Joseph Vanhee, Rachel McNealeyThe purpose of this study is to examine the effect of micro-level place on identity theft victimization. This study uses the 2016 Identity Theft Supplement (ITS) to…
Accounting fraud and corporate sustainability: Chinese listed companies
Md Jahidur Rahman, Jiadan Xuan, Hongtao Zhu, Md Moazzem HossainThe purpose of this study is to determine the relationship between accounting fraud and corporate sustainability.
National intelligence and illicit trade: a cross-country study
Kais Baatour, Khalfaoui Hamdi, Hassen GuenichiIllicit trade is pervasive in many nations and may be influenced by the level of national IQ. The current interdisciplinary paper aims to study the association between…
Sri Lanka’s political-economic crisis; corruption, abuse of power and economic crime
Asanga AbeyagoonasekeraThis paper aims to examine the present Sri Lankan political-economic crisis and its connection to corruption. The paper will discuss the autocratic rule, elite domination…
The abuse of the beneficial ownership of trusts to conceal assets in insolvency and divorce proceedings: a South African study
Andrea Dubber, Constant Van Graan, Andre GroenewaldPrevious research has indicated that trusts are used to commit various economic crimes, but limited studies examine the exact method of how trusts are abused. This paper…
Wirecard scandal. A commentary on the biggest accounting fraud in Germany’s post-war history
Fabian Maximilian Johannes Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThe purpose of this paper is to illustrate how the Wirecard scandal has highlighted the need for further reforms in Germany and Europe, exposing institutional and market…
What determines the justifiability for accepting bribes and cheating on taxes?
Aniza Zahoor, Imran Qaiser, Nazia Yasmin, Ayesha AsifCorruption prevails in societies and systems, but it is because of the individuals and officials who practice it. It is individuals’ characteristics, attitudes, views and…
Artificial intelligence and deep learning: considerations for financial institutions for compliance with the regulatory burden in the United Kingdom
Charanjit SinghArtificial intelligence (AI), machine learning (ML) and deep learning (DL) are having a major impact on banking (FinTech), health (HealthTech), law (RegTech) and other…
Corruption suppression and domestic investment of emerging economies: BRICS and CIVETS groups – panel ARDL approach
Sohail Magableh, Mahmoud Hailat, Usama Al-qalawi, Anas Al QudahThis paper aims to examine the effects of corruption control on domestic investment in the BRICS and CIVETS of emerging economies. This paper’s primary goal is to…
Sentencing for the offence of misappropriation of public funds: the flawed and problematic approach of Cameroon’s Special Criminal Court
Avitus Agbor AgborOver a decade since the Special Criminal Court (SCC) was established in Cameroon, hundreds of individuals have been indicted, tried and convicted. Sentences have been…
Foreign whistleblowing: the impact of US extraterritorial enforcement on anti-corruption laws in Europe
Elina Karpacheva, Branislav HockForeign whistleblowers are foreign citizens who help national enforcement authorities to sanction both foreign-based corporations and home-based corporations that engage…
Creating good village governance: an effort to prevent village corruption in Indonesia
Caesar Marga Putri, Josep Maria Argilés-Bosch, Diego RavendaThis study aims to investigate how the village government implements internal control, accountability, transparency and participation in the good governance practice for…
Tax evasion on lawful income: is it a form of money laundering?
Deen Kemsley, Sean A. Kemsley, Frank T. MorganThe purpose of this study is to determine whether income tax evasion also constitutes money laundering if Financial Action Task Force (FATF) Recommendations are strictly…
The effect of state-level corruption on performance and risk of financial institutions
Maryna Murdock, Thanh Ngo, Nivine RichieThis study aims to investigate the effect of public corruption on the performance and risk of financial institutions domiciled in the USA..
The assessment of the impact of cyberfraud in the South African banking industry
Oluwatoyin Esther Akinbowale, Heinz Eckart Klingelhöfer, Mulatu Fekadu ZerihunThe purpose of this study is to assess the impact of cyberfraud in the South African banks with the aim to provide recommendations to effectively mitigate it.
The evolution of trade-based money laundering schemes: a regulatory dialectic perspective
Roy Majed Sinno, Graham Baldock, Kimberly GleasonThe purpose of this study is to apply the regulatory dialectic to describe the evolution of trade-based money laundering (TBML) schemes, to describe three recent TBML…
When internal organizational factors improve detecting corruption in state-owned companies
Magda Siahaan, Harry Suharman, Tettet Fitrijanti, Haryono UmarThe phenomenon of corruption requires extra handling to achieve zero corruption. The purpose of this paper is to examine the integrated governance, risk management and…
Compliance issues in arbitration proceedings – bribery, money laundering and other abuses
Fabian Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThe purpose of this study is to provide a firsthand perspective on the challenges and risks that can arise in arbitration proceedings.
An analysis of the 2021 South African FATF mutual evaluation report: terrorist financing and NPOs
Bernice Bissett, Philip Steenkamp, Duane AslettIn the aftermath of the 2021 Financial Action Task Force Mutual Evaluation Report, legislators, supervisory bodies, law enforcement and the like are focusing on preventing…
Fewer newspapers means good news for corrupt public officials: results from a US panel data study
Mushfiq Swaleheen, Daniel BorgiaWhen there is freedom of press, newspapers provide prying eyes that investigate and report the malfeasance by public officials. More prying eyes together with more…
The Satoshi laundromat: a review on the money laundering open door of Bitcoin mixers
Kenneth SeeThe purpose of this paper is to examine the currently known techniques to tackle money laundering in Bitcoin mixers, and examine what gaps exist that would allow a…
Insider trading laws to counter financial crime: a comparative study of Mauritius, UK and US laws
Ambareen BeebeejaunThe rise in business activities coupled with free trade liberalisation across countries has entailed an increase in securities transaction as well as insider trading (IT)…
Compliance concerns in sustainable finance: an analysis of peer-to-peer (P2P) lending platforms and sustainability
Fabian Maximilian Johannes Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThis study aims to analyze the relationship between financial sustainability and peer-to-peer (P2P) lending platforms.
How are financial institutions enabling online fraud? A developmental online financial fraud policy review
Tessa ColeThe criminalization of online financial fraud is examined by analyzing the existing literature, policies and state statutes within the context of the cybercrime ecosystem…
Why are Vietnamese people susceptible to cryptocurrency Ponzi schemes? Findings from using the PLS-SEM approach
Nhung Thi Nguyen, An Tuan Nguyen, Ha Thi Nguyet To, Thanh Ta Hong LeThis paper aims to explore factors influencing Vietnamese people’s susceptibility to fraud through cryptocurrency Ponzi schemes.
An analysis of Pakistan’s accountability law after June 2022 amendments: implications and effectiveness of anti-corruption campaign
Muhammad Saleem Korejo, Erum Naseer Korejo, Ramalinggam Rajamanickam, Muhamad Helmi Md. Said, Nazir UllahThis paper aims to provide an analysis of National Accountability Ordinance 1999 (NAO) after June 2022 amendments. It raises a key question whether the new legislation is…
Accounting fraud in light of organismic integration theory
Caroline de Oliveira Orth, Daniela D’Incao Marrone, Clea Beatriz MacagnanThis systematic literature review aims to identify how literature approaches motivations for committing fraud in financial statements and presents a framework on these…
Fraud detection using fraud triangle theory: evidence from China
Md Jahidur Rahman, Xu JieThis study aims to explore the relationship between fraud triangle theory (FTT) and the accounting fraud phenomenon in all listed companies in China.
Pretrial diversion agreements after Andersen’s prosecution: a utilitarian theoretical framework
Sandra K. GatesUsing the ethical consequentialist theory of utilitarianism, this paper aims to demonstrate the correlation between the prosecution of Arthur Andersen LLP and the United…
Why do people join pyramid schemes?
Branislav Hock, Mark ButtonPyramid schemes create an unusual situation, where the victims might be effectively turned into offenders, as their role is to recruit more victims to the pyramid scheme…
Abuse of consumer trust in the digital market and the green market: the case of green washing in the Italian legal system
Gabriella MarcatajoThe purpose of this paper is to offer some reflection on the abuse of consumer trust and the importance of control of information in the digital market and the green…
Women and white-collar criminals: a comparison between pink-collar crimes and red-collar crimes in Iran
Maryam Kamaei, Petter GottschalkThe purpose of this study is to compare women committing pink-collar and red-collar crimes in Iran. In the current study, the pink-collar crime, studying murder by women…
A novel understanding of fraudsters
Paul ManningThe purpose of this paper is to add to the understanding of the human personality of fraudsters. This paper will explore their human personality by reviewing three…
Financial fraud victimization: an examination of distress and financial complications
Katelyn A. Golladay, Jamie A. SnyderThis study expands the empirical understanding of financial fraud victims and the consequences that emerge as a result of financial fraud victimization. In addition, this…
Identity theft fraud- major loophole for FinTech industry in India
Shefali SalujaThe fraud landscape for FinTech industry has increased over the past few years, certainly during the time of COVID-19, FinTech market reported rapid growth in the fraud…
White-collar money laundering through opportunistic earnings management: fair value accounting practices of failed finance companies in Sri Lanka
S.G. Sisira Dharmasri Jayasekara, Wasantha Perera, Roshan AjwardThe purpose of this paper is to discuss how the failed finance companies in Sri Lanka used fair value accounting practices as an opportunistic earnings management practice…
Countering cybercrimes as the strategy of enhancing sustainable digital economy in Nigeria
Babayo Sule, Usman Sambo, Muhammad YusufThis study aims to examine the threats posed by cybercrimes toward the quest for achieving a reliable digital economy and to identify practical strategies for countering the crime.
What makes an economic sanction effective?
Fabian Maximilian Johannes Teichmann, Chiara WittmannThis paper aims to elucidate the practical and theoretical mechanisms which contribute to the perception of an economic sanction’s effectiveness as a foreign policy tool.
Space transition and the vulnerabilities of the NFT market to financial crime
Mohammed Al Shamsi, Deborah Smith, Kimberly GleasonThe purpose of this paper is to describe how non-fungible tokens (NFTs) can be used in the commission of financial crime, including money laundering and crypto-fraud…
Local government officials’ susceptibility to corrupt behavior: some Indonesian evidence
Kiky Srirejeki, Pretisila Kartika PutriThis paper aims to investigate the factors affecting local government officials’ susceptibility to corrupt behavior among Indonesian local government officials.
Evaluating the cost of anti-corruption in political and economic terms: a case study approach
Alexandra HartwigThe practicality of anti-corruption efforts has been debated in development circles since the 1990s (World Bank, 1998). Moving beyond monetary metrics, this paper seeks to…
A systematic literature review of money mule: its roles, recruitment and awareness
Mohd Irwan Abdul Rani, Sharifah Nazatul Faiza Syed Mustapha Nazri, Salwa ZolkaflilThis paper aims to provide a systematic literature review (SLR) on contemporary cardinal money mule issues.
Development of a multi-objectives integer programming model for allocation of anti-fraud capacities during cyberfraud mitigation
Oluwatoyin Esther Akinbowale, Heinz Eckart Klingelhöfer, Mulatu Fekadu ZerihunThis study aims to investigate the feasibility of employing a multi-objectives integer-programming model for effective allocation of resources for cyberfraud mitigation…
When gullibility becomes us: exploring the cultural roots of Indonesians’ susceptibility to investment fraud
Hendi Yogi PrabowoThis paper aims to explore various cultural and behavioral issues associated with the problem of investment fraud in Indonesia.
The protection of whistleblowers in South African criminal cases
Jacobus Gerhardus J. NortjeThe purpose of this paper is to critically analyse the extent of protection available for whistleblowers in South African criminal cases.
The corruption and sustainable development nexus in Africa: a contemporary review and analysis
Kempe Ronald Hope, Sr.This study aims to re-examine the corruption and sustainable development nexus in Africa and offer a contemporary analytical review and analysis of that relationship in the region.
The cost of debt and political institutions: the influence of corruption
Chwee-Ming Tee, Teng-Tenk Melissa TeohThis cross-border study’s main purpose is to examine whether there is a significant association between political institutions and the cost of debt. In addition, it also…
How can sustainability be effectively regulated?
Fabian Maximilian Johannes Teichmann, Chiara WittmannThis paper aims to examine the fundamental conditions which are necessary for the construction of a regulation which will affect a genuine advancement in the context of…
Abuse of enduring power of attorneys and real estate transactions in Australian courts
Tracey West, Nicholas DrewThe purpose of this study is to highlight how people acting as Enduring Power of Attorney (EPoA) abuse their privilege in relation to real estate transactions through…
Compliance cultures and the role of financial incentives
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe concept of compliance is in danger of becoming obsolete as a result of its generalization and overuse. This paper aims to refine the concept of a culture of compliance…
Corruption and the curse of over-quantification
Hendi Yogi PrabowoThe primary purpose of this exploratory paper is to propose a novel analytical framework for examining corruption from a behavioral perspective by highlighting multiple…
The evolution of the Nigerian prince scam
Ojeifoh Okosun, Uchenna IloThe purpose of this paper is to critically examine the evolution of a particular variant of cyber fraud known as the Nigerian prince scam and to demonstrate its…
Fighting against white-collar crime: criminology to the aid of management sciences
Julien Le Maux, Nadia SmailiThe purpose of this paper is to provide a review of the literature on white-collar crime that combines the perspectives of criminology and management sciences research.
Victimisation of investors from fraudulent investment schemes and their protection through financial education
Kamakhya Narain Singh, Gaurav MisraThe purpose of this study is to identify the significant demographic and socio-economic characteristics of individuals who are likely to invest in a fraudulent investment…
How compatible is the principle of neutrality with the implementation of economic sanctions? An examination into Switzerland’s use of sanctions
Fabian Maximilian Johannes Teichmann, Chiara WittmannThe current political situation in Europe has amplified economic sanctions as a retaliatory measure for states not directly involved in the conflict but wanting to…
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…
Metaverse: welcome to the new fraud marketplace
Nadia Smaili, Audrey de Rancourt-RaymondThe purpose of this study is to examine the risks of the metaverse ecosystem. This study provides an overview of the metaverse and its evolution and discusses the various…
Parliamentary engagement in fighting corruption: a discourse on the Parliament of Tanzania
Lukiko Vedastus LukikoThis study aims to examine the participation of the Parliament of Tanzania in the fight against corruption in the country.
International management amid fake news and corruption
Fabian Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThis study aims to illustrate how bribery and fake news in Eastern European countries can affect businesses across Europe. Countries such as Romania, Bulgaria, Slovenia…
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…
Econometric analysis of influence by the factors on the volume of shadow economy in the countries of Europe
Valentina Kravchenko, Vadim Karapetov, Ignat NechepurenkoThis study aims to identify the factors which influence the change in the volume of shadow economy in the countries of Europe to explain its growth or reduction through…
What does it mean for a corporation to take responsibility for its supply chain?
Fabian Maximilian Johannes Teichmann, Chiara WittmannThrough the lens of ethical appreciation, this paper aims to discuss what it means for a company to claim taking responsibility for its supply chain and whether this is a…
Zero click attacks – a new cyber threat for the e-banking sector
Nisha TN, Mugdha Shailendra KulkarniThe purpose of the study is to confirm the fact that in informations security, the human factor was considered as a key carrier of the majority of attacks that an…
Compliance risks for crowdfunding. A neglected aspect of money laundering, terrorist financing and fraud
Fabian Teichmann, Sonia Ruxandra Boticiu, Bruno S. SergiThis study aims to highlight the risks and threats posed by crowdfunding. It also looks at the new European Union regulation on crowdfunding, which is intended to give…
Psychology and white collar crime - compliance recommendations based on the social and psychological reality dictating perception
Fabian Maximilian Johannes Teichmann, Chiara WittmannTo construct effective compliance programmes, the phenomenon of non-compliance and variations in its abidance must be elucidated. The purpose of this paper is to discuss…
Compensation structure impact on executive value judgment shift resulting in occurrence of fraud
Don Lux, Vasant Raval, John WingenderThe purpose of this study is to examine whether executive compensation structure is a predictor of a value judgment shift facilitating fraud. The Raval (2018…
Are female CFOs more ethical to the occurrences of financial reporting fraud? Theoretical and empirical evidence from cross-listed firms in the US
Ach Maulidi, Nanang Shonhadji, Fachruzzaman , Rida Perwita Sari, Dian Anita Nuswantara, Rindang WiduriThe purpose of this study is to examine whether female chief financial officers (CFOs) are associated with the occurrences of financial reporting fraud. This study offers…
Determinants of whistleblowing intentions of accountants: a middle range theoretical perspective
Octavia Ama Serwaa Otchere, Godfred Matthew Yaw Owusu, Rita Amoah BekoeThe purpose of this study is to examine the key predictors of whistleblowing intention of accountants within the organization. By relying on the benefit-to-cost…
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…
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…
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…
ISSN:
1359-0790Online date, start – end:
1993Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditors:
- Dr Li Hong Xing
- Prof Barry Rider
Further Information
