To see the other types of publications on this topic, follow the link: Financial Crime Management.
Journal articles on the topic 'Financial Crime Management'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Financial Crime Management.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Jin, Justin, Suyi Liu, and Khalid Nainar. "Financial literacy and crime incidence." Corporate Ownership and Control 19, no. 4 (2022): 72–79. http://dx.doi.org/10.22495/cocv19i4art7.
Full textAbstract:
Financial literacy is a determinant of individual wealth accumulation and social well-being. In this study, we examine the relationship between financial literacy and crime incidence using financial literacy data and crime data in the U.S. from 2009 to 2018. We posit that citizens’ financial literacy is negatively associated with the crime rate because financially literate citizens are better at managing their wealth and improving their economic condition. They are less likely to have unfulfilled basic needs, and thus are less prone to crimes, especially crimes driven by economic need. We find that the financial literacy of citizens is negatively associated with crime rates. Furthermore, examining on a disaggregated basis, financial literacy is negatively associated with violent crimes and property crimes. Our findings reveal the necessity of mandating financial education programs in workplaces and highlighting the role of financial literacy in corporate governance. This study is the first to empirically address the criminological consequences of low financial literacy and underline the way to improve social security by increasing people’s financial condition
2
Alice, Alice, and Natalis Christian. "Efektivitas Komite dan Mekanisme Tata Kelola Perusahaan terhadap Pencegahan Kejahatan Keuangan." Owner 6, no. 1 (2022): 176–88. http://dx.doi.org/10.33395/owner.v6i1.546.
Full textAbstract:
Abstract The research objectives of this study are to analyze the effectiveness of committee and mechanism of corporate governance to prevent financial crime. Financial Crime often occur inside the company, especially in Indonesia. Financial crime covers fraud, money laundering, bribe, corruption, terrorist financing and so on. At 2018, there’s case where PT. Garuda Indonesia committed revenue recognition fraud by recognizing revenue amounted to USD 239 million from Mahata Aero Teknologi which is yet to be received by the end of 2018. The company’s management and external audit are fined for the negligent in preventing the fraud. Therefore, the effectiveness of company’s organizational structure played a big role to supervise and prevent the occurrence of financial crimes. In this discussion, the author investigates the effectiveness of audit committee, board of commissioners, stand-alone risk committee, external audit, effect of managerial ownership and company’s performance toward financial crime. Data for the research were collected from secondary data found in annual report of 426 companies and analyzed using logistic regression method using SPSS 25. The study findings prove that stand-alone risk committee, external audit, and company’s performance have a significant negative effect toward financial crime, while size of audit committee have a significant positive effect toward financial crime. Research show that meeting frequency of audit committee, board of commissioners, and managerial ownership has no significant effect toward financial crime
3
Gottschalk, Petter, and Hans Solli Saether. "Management involvement in financial crime: an empirical study of white-collar crime." International Journal of Management and Enterprise Development 9, no. 1 (2010): 76. http://dx.doi.org/10.1504/ijmed.2010.035309.
Full text
4
Song, Guangwen, Jiajun Liang, Linlin Wu, Lin Liu, and Chunxia Zhang. "The Impact of Residents’ Daily Internet Activities on the Spatial Distribution of Online Fraud: An Analysis Based on Mobile Phone Application Usage." ISPRS International Journal of Geo-Information 14, no. 4 (2025): 151. https://doi.org/10.3390/ijgi14040151.
Full textAbstract:
In recent years, there has been a sharp increase in the number of online fraud cases. However, research on crime geography has paid little attention to online crimes, especially to the influencing factors behind their spatial distributions. Online fraud is closely related to people’s daily internet use. The existing literature has explored the impact of internet use on online crimes based on small samples of individual interviews. There is a lack of large-scale studies from a community perspective. This study applies the routine activity theory to online activities to test the relationship between online fraud alert data and the usage durations of different types of mobile phone users’ applications (apps) for communities in ZG City. It builds negative binomial regression models for analyzing the impact of the usage of different types of apps on the spatial distribution of online fraud. The results reveal that the online fraud crime rate and the online time spent on a financial management app share the most similar spatial distribution. While financial management, online education, transportation, and search engine app usages have a significant positive association with online fraud, the use of a financial management app has the greatest impact. Additionally, time spent on social media, online shopping and entertainment, and mobile reading apps have a significant negative association with online fraud. As not all online activities lead to cybercrime, crime prevention efforts should target specific types of apps, such as financial management, online education, transportation, and search engines.
5
Caines, Andy. "Sanctions and export control evasion techniques and practical steps to identify, assess and mitigate risk." Journal of Financial Compliance 8, no. 4 (2025): 317. https://doi.org/10.69554/dhah5485.
Full textAbstract:
Economic sanctions and trade sanctions have been utilised as diplomatic tools for many years. Since the annexation of Crimea in 2014 and the subsequent illegal invasion of Ukraine by Russia in 2022, the extent and scope of economic and trade sanctions have expanded significantly. Financial institutions (FIs) remain at the forefront of managing the risks associated with these sanctions, both to meet regulatory requirements and expectations and to manage the risks presented by their client portfolio, product and service offering and jurisdictional exposure. This paper outlines the increasing complexity of sanctions and highlights some of the key evasion typologies that exist. This paper also considers how these typologies can be adduced into an FI’s financial crime risk management framework,the external and internal sources available to support that process and the key role that the enterprise-wide risk assessment (EWRA) plays within the financial crime risk management framework. Finally, this paper considers how sanctions risk should not be considered and assessed in isolation, but that like many financial crime risks, a holistic approach should be adopted by FIs to identify, assess and manage these risks. This article is included in The Business and Management Collection (https://hstalks.com/business/).
6
Iwasokun, Gabriel Babatunde, Richard Olufemi Akinyede, Catherine Folake Fadamiro, and Oniyide Alabi Bello. "Factor analysis of financial crime-related issues." Journal of Financial Crime 26, no. 1 (2019): 113–30. http://dx.doi.org/10.1108/jfc-11-2017-0120.
Full textAbstract:
Purpose The purpose of this paper is to propose indices that were freely considered as relevant for the analysis of financial crime-related issues in Nigeria and list them in the questionnaire that was administered across the six geo-political zones of the country to obtain relevant data that are useful for factor analysis of financial crime-related issues. Design/methodology/approach The research methodology involved data survey, preparation and normalization. Followed by principal component analysis-based factor analysis and then, results and interpretation. Findings The results of factor analysis placed high premium on government policies and regulations, responses and management, capacity building and awareness and litigation as the major issues for safe and secure financial system in Nigeria. Findings from the research also established that systemic ways of ensuring that citizens adopt technical know-how for national development rather than committing crimes should be introduced and enforced by the Nigerian government. Originality/value The research formulated some indices and established some models for the analysis.
7
Ogwiji, Joseph. "Forensic Accounting and Financial Crimes: An Empirical Evidence from Operatives and Trainers of the Economic and Financial Crimes Commission, Academy, Nigeria." European Journal of Accounting, Auditing and Finance Research 11, no. 3 (2023): 54–66. http://dx.doi.org/10.37745/ejaafr.2013/vol11n35466.
Full textAbstract:
Financial crimes in the public sector continue to be on the increase despite the effort of the Nigerian government in preventing the incidence of fraud and corruption through measures, such as establishing and strengthening organs of accountability and promoting the global best corporate practices. In view of this challenges, it become necessary to examines the effect of attributes of forensic accountants– Investigation of financial Crime and Corruption Skill (ICC), Knowledge and Expertise (KE), Litigation Support Services (LSS) on the financial crime (FC) in Nigerian public sector. The study employed cross-sectional design and a survey method. of the 110 questionnaires distributed, 53 questionnaires were returned valid and analysed. The study used PLS-SEM (SmartPLS 3.0) and IBM SPSS ver. 20.0 as the primary statistical analysis tools. The results of the study confirm that Knowledge and Expertise and Support Services of a forensic accountant has a significant positive effect on Financial Crime and it shows that investigation of crime and corruption has an insignificant negative effect on financial crime. Thus, the findings revealed that the forensic accountant attributes have significantly higher levels of KE, LSS on FC concerning fraud prevention, detection, management and response. Also, investigation of corruption discourages financial crime though not on high. The implication of this study might result in the overall reduction of fraud and fraudulent acts, promote institutional, regulatory and legal framework, and create awareness amongst the accounting and auditing institutions in the Nigerian public sector.
8
Worlu, Christian N. "Conventional Audit and Financial Crime in Nigeria." American Journal of Economics and Business Management 7, no. 12 (2024): 1424–32. https://doi.org/10.31150/ajebm.v7i12.3127.
Full textAbstract:
This study explores the relationship between conventional audit practices and financial crime in Nigeria, focusing on audit independence and audit risk concerning money laundering and embezzlement. Grounded in agency theory, the research addresses gaps in understanding the effectiveness of audit mechanisms in curbing financial irregularities. Using a survey research design, findings reveal that audit independence and audit risk significantly and positively impact both money laundering and embezzlement in Nigeria. The results emphasize the critical role of robust audit frameworks in addressing financial crimes. It is recommended that regulatory policies strengthen audit independence through enhanced training, and organizations adopt comprehensive risk management systems to mitigate high audit risk areas, thereby improving fraud detection and prevention.
9
Paturochman, Iwan Ridwan. "Crime Analysis of Payment Transactions Using Checks and Giro Bilyets." Scholars International Journal of Law, Crime and Justice 6, no. 08 (2023): 389–92. http://dx.doi.org/10.36348/sijlcj.2023.v06i08.002.
Full textAbstract:
Background: The growing level of crimes committed by unscrupulous businessmen related to payments using blank checks or giro drafts makes it important to conduct research whether this includes criminal law in the realm of criminal law or only civil law. Object: The object of this research is a payment crime involving the use of blank checks and demand deposits in a banking environment. The purpose of this analysis is to ascertain whether this is a crime that belongs to the realm of crime or not. Method: The research method used is literature study and relevant data analysis. In this analysis, data were collected on payment crime cases using blank checks and demand deposits, as well as interviews. The data includes statistics, case studies, and reports from law enforcement and related financial institutions. Result: The results of the analysis show that payment traffic using blank checks and giro forms is a form of criminal offense in accordance with articles 378 and 379a of the Criminal Code in Indonesia. Payments using blank checks and demand deposits have a significant impact on banking and society. This crime is detrimental to the parties who become victims, such as traders, entrepreneurs, and individuals who receive payments with these financial instruments. Several factors that influence payment crimes include technological developments, lack of public awareness, ineffective banking supervision systems, and the increased ability of criminals to manipulate financial instruments. In an effort to deal with payment crimes using blank checks and demand deposits, effective preventive measures and law enforcement are needed. These efforts include increasing public awareness of the risks and signs of this crime, increasing the security of financial instruments, cooperation between banks and law enforcement agencies, and using more sophisticated security technology.
10
Маслій, І. В. "ДО ПИТАННЯ ПРО ВИЗНАЧЕННЯ ПОНЯТТЯ ТА СТРУКТУРИ ЗЛОЧИННОСТІ У ФІНАНСОВО-ЕКОНОМІЧНІЙ СФЕРІ ЯК ЕЛЕМЕНТ її КРИМІНОЛОГІЧНОЇ ХАРАКТЕРИСТИКИ". Наукові праці Національного університету “Одеська юридична академія” 13 (14 травня 2019): 553–61. http://dx.doi.org/10.32837/npnuola.v13i0.303.
Full textAbstract:
У статті обґрунтовано поняття злочинності у фінансово-економічній сфері та запропоновано структуру системи злочинів, які доцільно віднести до злочинів у фінансово-економічній сфері. Доведено, що злочинність у фінансово-економічній сфері являє собою сукупність однорідних протиправних, суспільно небезпечних, корисливих, таких, що спричиняють істотну матеріальну шкоду внаслідок посягань на встановлений порядок управління економічними процесами, економічний розвиток держави, стан фінансової безпеки діянь, за які передбачено кримінальну відповідальність. Запропоновано віднести до таких злочинів: злочини проти власності; злочини у сфері господарської діяльності; інші злочини економічного характеру.
 
 The concept of crime in financial and economic sphere is grounded and the structure of system of crimes, which should be attributed to the crimes in financial and economic sphere is proposed in the article. There proved that the crime in financial and economic sphere represents a set of acts which are: homogeneous illegal, socially dangerous, selfish, such that cause substantial material damage as a result of infringements of the established order of management of economic processes, economic development of the state, the financial security, for which criminal responsibility is contemplated. There proposed to attribute to such crimes: crimes against property, crimes in sphere of economic activity; other crimes of an economic nature.
11
Fitriyanti, Fadia, and Kusumaningdiah Retno Setiorini. "Legal Aspects of Digital Bank Risk Management." E3S Web of Conferences 571 (2024): 06003. http://dx.doi.org/10.1051/e3sconf/202457106003.
Full textAbstract:
Access to the 2022 National Survey of Financial Literacy and Inclusion (SNLIK) shows that the Financial Literacy index of Indonesian society is 49.68%, and financial inclusion is 85.10%. It shows that the Indonesian public's understanding of banks, especially digital banks, is still 49.68% compared to the number of banking transactions carried out at 85.10%. It causes potential banking legal risks. This research analyses digital bank risk management and the potential for digital bank crime. This research uses research methods, namely normative literature study, which involves reviewing statutory provisions and reading journals related to the research. The approaches used are statutory and concept approaches. The Financial Services Authority (OJK) has issued regulations providing a legal umbrella for digital banking to protect customers from these risks, namely Financial Services Authority Regulation Number 18/POJK.03/2016 concerning implementing Risk Management for Commercial Banks. However, overcoming risks is not only a countermeasure carried out by banks but also by customers to maintain the security of their data and be careful when carrying out online transactions. Apart from that, the countermeasures carried out by law enforcement officials are taking repressive action in dealing with cases of digital bank crime. All elements of society should work together to overcome the risk of digital banking crime.
12
Gottschalk, Petter, and Geoff Dean. "Stages of knowledge management systems in policing financial crime." International Journal of Law, Crime and Justice 38, no. 3 (2010): 94–108. http://dx.doi.org/10.1016/j.ijlcj.2010.09.001.
Full text
13
Leighton-Daly, Mathew. "Certainty and financial crime control." Journal of Financial Crime 24, no. 4 (2017): 678–90. http://dx.doi.org/10.1108/jfc-09-2016-0058.
Full textAbstract:
Purpose There has been a significant increase in the number of financial crime regulatory offences (as distinct from traditional fraud offences). The purpose of this paper is to address the question of how should those in positions of control and influence in management take steps to ensure the integrity of those under them and also the relevant conduct of their customers and clients in light of this proliferation. Design/methodology/approach The work, which is grounded in the field of criminology, uses a combination doctrinal (legal) and qualitative methods. Its emphasis is on mala prohibita (“wrong because they are prohibited”) offences rather than mala in se (“wrong or evil in itself”). The work situates regulatory offences within the broader criminological debate regarding financial crime. It then analyses and reviews the significance of the requirement for certainty in relation to mala prohibita offences. By reference to some Australian offences, the analysis moves to some offences where uncertainty manifests. Finally, the work proposes some practical ways in which those in positions of control and influence may provide certainty to those under them to ensure integrity. Findings The paper argues that a paramount step for those in positions of control and influence, in taking steps to ensure the integrity of those under them and also the relevant conduct of their customers and clients is to provide certainty with regard to the illicit activities relevant to their organisation to those persons under them. The work proposes some practical ways in which those in positions of control and influence may provide certainty to those under them to ensure integrity. Originality/value The work is novel because of its focus on regulatory mala prohibita offences rather than the traditional criminal law or mala in se offences (in relation to which there has been much more discussion).
14
Liu, Fanmin, Xianchao Zhao, and Mengjie Wang. "Crime and Urban Facilities: Spatial Differences and Planning Responses in Changsha." Sustainability 17, no. 4 (2025): 1750. https://doi.org/10.3390/su17041750.
Full textAbstract:
With rapid urbanization, the spatial layout and functional characteristics of urban facilities have a strong correlation with the spatial distribution of criminal activities. Using Changsha City as a case study, this research analyzes 2023 urban crime data, Point of Interest (POI) data, and socioeconomic data. The Multi-scale Geographically Weighted Regression (MGWR) model and clustering analysis are applied to examine how different types of urban facilities influence the spatial heterogeneity of crimes and propose tailored urban planning recommendations and crime prevention strategies. The findings reveal the following: (1) The spatial distribution of crimes in Changsha’s central urban area demonstrates significant spatial heterogeneity. Property crimes dominate in frequency and spatial distribution, primarily clustering around commercial hubs and transport nodes, while violent crimes are more common in scenic areas and open spaces with high pedestrian flow. (2) The impact of built facilities on crime exhibits spatial variability. Facilities such as Financial Services Facilities (FSF) and Shopping facilities (SHF) significantly contribute to property crime in core urban areas, while Scientific, educational, and cultural facilities (SEC) suppress crime in university towns. Scenic spots and facilities (SPF) are associated with violent crimes near scenic site entrances and transport hubs. (3) Facility resource allocation and preventive strategies should be optimized based on dominant factors in different areas to enhance security management efficiency through precise and differentiated planning, fostering sustainable urban safety systems. This study provides insights into the spatial patterns of crime distribution and its dominant factors from the perspective of urban facilities, offering a scientific basis for improving urban crime management and facility planning.
15
Huang, Yaoying. "Paradigm Reconstruction of the Protected Legal Interests in China’s Crime of Money Laundering." Studies in Law and Justice 4, no. 2 (2025): 32–39. https://doi.org/10.56397/slj.2025.04.04.
Full textAbstract:
Since the Criminal Law Amendment (XI) established the punishability of self-laundering, the systemic dilemmas faced by traditional legal interest theories in interpreting the constitutive elements of the Crime of Money Laundering have become increasingly evident. The understanding of the legal interests protected by the Crime of Money Laundering serves as the foundation for interpreting its constitutive elements and the guiding principle for its judicial application. Through a critical analysis of the deficiencies in existing doctrines, this paper proposes a dual-structure theory of protected legal interests: “result-oriented financial management order” and “control rights over proceeds derived from predicate offenses.” The former, grounded in the consequence of regulatory failure, emphasizes transcending the traditional paradigm that narrowly equates Money Laundering with the instrumentalization of financial tools. The latter, by synthesizing the rational core of the “judicial function theory” and the “protected legal interests theory of predicate crimes,” reconstructs the independent legal interest boundaries distinguishing Money Laundering from traditional crimes involving proceeds of crime. This theoretical framework not only rationally explains the regulatory logic of judicial interpretations governing non-financialized laundering behaviors but also provides substantive criteria for differentiating Money Laundering from crimes involving proceeds of crime. It holds methodological significance for refining China’s criminal governance system against money laundering.
16
RUDYI, Roman. "The role and importance of financial intelligence in identifying and tracing criminal assets." Economics. Finances. Law 6/2024, no. - (2024): 32–35. http://dx.doi.org/10.37634/efp.2024.6.6.
Full textAbstract:
The paper examines the basic principles of improving efficiency and providing law enforcement officers, as well as authorized bodies, in whose management the seized property is transferred, with instructions on the legal grounds, procedural and tactical features of detection, search and seizure of property. It was determined that financial intelligence is a complex system aimed at detecting operations related to the legalization of proceeds obtained through crime. This system can act as a component of the pre-trial investigation in criminal proceedings related to the research. Asset search activities should include elements of economic and monetary intelligence. It has been established that in Ukraine, the State Financial Monitoring Service, subordinate to the Ministry of Finance of Ukraine, is entrusted with the functions of financial intelligence, which implements the state policy in the field of prevention and countermeasures against the legalization (laundering) of proceeds obtained through crime, the financing of terrorism, and the proliferation of weapons of mass destruction. It is argued that financial intelligence is not a function of the National Agency of Ukraine for detection, search and management of assets obtained from corruption and other crimes. In turn, the DSFM collects, processes and analyzes information on financial transactions subject to mandatory financial monitoring and other transactions related to money laundering. It was investigated that the bodies of foreign countries are similar: Financial Crimes Enforcement Network (FinCEN) - the US financial intelligence agency; Financial Transactions and Reports Analysis Center (FINTRAC), Canada's financial intelligence agency; Zentralstelle für Verdachtsanzeigen – German financial intelligence agency; TRACFIN – financial intelligence unit of the French Republic; The Inland Revenue Service NCIS/ECU is the UK's financial intelligence agency. Having analyzed the relevant legislation of ARMA and the State Financial Monitoring Service, we come to the conclusion that the terms "asset discovery" and "asset search" are explicitly defined at the legislative level only for ARMA. The profile legislation of the State Financial Monitoring Service does not reflect or explain the essence of these terms, however, in the course of implementing measures to prevent and counter the legalization (laundering) of proceeds obtained through crime, the State Financial Monitoring Service conducts financial investigations with the aim of finding information about the assets of questionable origin.
17
Zavydnyak, I. О. "Legalization «laundering» of funds obtained by criminal route as one of the types of economic transnational crimes." Analytical and Comparative Jurisprudence, no. 4 (April 28, 2022): 313–17. http://dx.doi.org/10.24144/2788-6018.2021.04.54.
Full textAbstract:
The article considers one of the types of transnational economic crimes - legalization (laundering) of proceeds from crime. Emphasis is placed on the fact that the legalization (laundering) of proceeds from crime is a predicate offense, because it is not characteristic of any one type of organized crime, but for a very wide range of transnational crimes, because the vast majority of them are for profit and criminally acquired assets. In this regard, the process of investigating and providing legal assistance in the investigation of such economic transnational crimes has a number of features and obstacles.
 The need for an appropriate legal framework for international cooperation in the fight against money laundering (laundering) is indicated.
 Three main stages of legalization (laundering) of criminal proceeds as one of the economic transnational crimes have been identified and analyzed. Thus, the first stage of such illegal actions is: placement of cash in the normal circulation of money (the process of penetration of proceeds from crime into the economic system, which aims to free the holder of a large sum of funds from cash and its placement in national or foreign currency in cash turnover, for the next stage). The second stage of legalization (laundering) of proceeds from crime is camouflage (hiding traces and ways of spreading) or cash circulation, which includes a number of financial transactions aimed at concealing the source of money. The third stage is defined as integration (return and legalization of «laundered» money), full entry of funds into the legal economic system, where they can be used for any purpose.
 It is emphasized that in the process of legalization (laundering) of proceeds from crime, there are certain periods (or «bottlenecks»), during which the risk of detecting such illegal activities increases significantly. Even with the large number of options, methods and forms of money laundering, such periods cannot always be avoided, which significantly increases the risk of detection of such illegal activities by financial intelligence units or other competent authorities. Such periods include: the process of receiving cash into the financial system; movement of cash flows across the state border; transfers within the financial system and at the exit from the financial system. Given this, in order to ensure the successful functioning of the entire system of legalization (laundering) of proceeds from crime, this process is usually performed by persons who are professionally engaged in management procedures for investing legalized proceeds in legal real estate and other assets.
 It is noted that effective counteraction to the process of legalization (laundering) of proceeds from crime is impossible without the legal settlement of international cooperation in the investigation and collection of evidence of such economic transnational crimes.
18
Khrustaleva, S. P., K. S. Krivyakin, M. S. Lutsenko, and O. O. Shendrikova. "Algorithms for countering economic crimes and assessing the level of threats to economic security in the context of strategic management." Proceedings of the Voronezh State University of Engineering Technologies 81, no. 4 (2020): 280–90. http://dx.doi.org/10.20914/2310-1202-2019-4-280-290.
Full textAbstract:
Crimes in the field of economic activity have become so common in society that crime in the economy has become the norm in the behavior of business entities. Economic crime in Russia at the present stage has reached such a scale that it really threatens the national security of the state. All this requires a detailed study of the individual elements of a crime in the sphere of economic activity and determination of methods for preventing economic crimes. Ensuring the economic rule of law is a guarantee of ensuring the economic security of the state in the future. Economic crimes committed at enterprises of various patterns of ownership are considered. The main type of economic crime is the misappropriation of assets (property), bribery and corruption are in second place, and finally, the third type of common economic crime in 2019 is procurement fraud. The amount of damage from economic crimes in large enterprises ranges from 100 thousand to 1 million US dollars. The main tools for detecting economic crimes in Russia are: the activities of the internal audit and economic security services; information technology protection and financial security of the enterprise; reporting suspicious transactions; the activities of the enterprise to manage the risks of losses from fraud. It is proposed to identify four levels of economic security of the enterprise: critical, low, medium and high. The optimality of the processes for managing economic and information security of PJSC VASO was assessed, which made it possible to single out the main functional components of the overall security of industrial enterprises. A comprehensive assessment of the level of economic threats of PJSC “VASO” as of 2019 was carried out.
19
Praveen, Kumar Tammana. "Enhancing Operational Efficiency with Real-Time Monitoring and Reporting: The Role of Pega's Alert and Investigation Management (AIM) Accelerator." Journal of Scientific and Engineering Research 7, no. 3 (2020): 278–82. https://doi.org/10.5281/zenodo.11667580.
Full textAbstract:
In response to the escalating challenges of financial crime, the Alert and Investigation Management (AIM) accelerator, built on Pega Foundation for Financial Services™, offers a trans-formative solution for financial institutions. By integrating a single system that consolidates data across multiple systems of record into a unified customer view, AIM significantly streamlines the management of complex alerts and investigations. Features include automated routing based on alert complexity and investigator skills, enriched data visualizations, and adherence to strict regulatory timeliness through managed SLAs. This comprehensive approach not only reduces manual workloads but also enhances the efficiency and accuracy of financial crime investigations.
20
Uchenna, Onu Fergus, Ukabuiro Ikenna kelechi, Douglas Allswell Kelechi, and Kingsley Maduabuchi Okorie. "Integrated Unified Crime Information Management System." International Journal of Innovative Technology and Exploring Engineering 11, no. 8 (2022): 87–92. http://dx.doi.org/10.35940/ijitee.h9115.0711822.
Full textAbstract:
Crime detection, investigation and prosecution are usually carried out by the various law enforcement agencies saddled with such responsibilities. In this study, an integrated web based unified system was developed and implemented for the five (5) agencies (Nigerian Police Force, National Drug Law Enforcement Agency, Economic Financial Crime Commission, Independent Corrupt Practices Commission, Department of State Services) to enhance domiciliation of crime data into one system for effective information sharing among the five agencies. The methodology adopted for the system design is Object Oriented Analysis and Design Methodology (OOADM) and the tools used are HTML, CSS, JavaScript, MySQL. The result obtained shows that with the integration of the five agencies, accurate records of suspects and victims were timely shared by the various agencies. There is also an effective collaboration among the various agencies in crime detection, investigation and prosecution of suspects.
21
Onu, Fergus Uchenna, Ikenna kelechi Ukabuiro, Allswell Kelechi Douglas, and Maduabuchi Okorie Kingsley. "Integrated Unified Crime Information Management System." International Journal of Innovative Technology and Exploring Engineering (IJITEE) 11, no. 8 (2022): 87–92. https://doi.org/10.35940/ijitee.H9115.0711822.
Full textAbstract:
<strong>Abstract</strong>: Crime detection, investigation and prosecution are usually carried out by the various law enforcement agencies saddled with such responsibilities. In this study, an integrated web based unified system was developed and implemented for the five (5) agencies (Nigerian Police Force, National Drug Law Enforcement Agency, Economic Financial Crime Commission, Independent Corrupt Practices Commission, Department of State Services) to enhance domiciliation of crime data into one system for effective information sharing among the five agencies. The methodology adopted for the system design is Object Oriented Analysis and Design Methodology (OOADM) and the tools used are HTML, CSS, JavaScript, MySQL. The result obtained shows that with the integration of the five agencies, accurate records of suspects and victims were timely shared by the various agencies. There is also an effective collaboration among the various agencies in crime detection, investigation and prosecution of suspects.
22
Rosyida, Nurma, Kadek Deddy Permana Artha, and Lintang Yudhantaka. "The Position of Justice Collaborator to Reveal Corruption in Financial Management of Regional Government." Yuridika 35, no. 1 (2019): 93. http://dx.doi.org/10.20473/ydk.v35i1.12253.
Full textAbstract:
Regional autonomy that Indonesia government has implemented gives an authority to the regional government to manage their governmental affairs, including those related to their local financial management. This authority, however, is not well organized. Recently, corruption is increasingly found in local financial management, and it involves many parties within. To overcome such issue, the law enforcers may consider justice collaborator to define who the real culprit is, and thus, it needs particular criteria that refer to corruptors in the financial management of regional government. Therefore, this paper aims to analyze the key actor of corruption in the financial management of the regional government to determine justice collaborator. Using statute, conceptual, and case approaches, it finds that to determine the justice collaborator, it should identify the culprit. The criteria of corruptor in the financial management of regional government involve having a high position and dominant (influential) roles in making the crime happen, and may stop or continue the crime.
23
Abdullah, Wan Nailah, Roshima Said, and Kiymet Caliyurt. "THE EFFECT OF INTERNAL GOVERNANCE ON CORPORATE FINANCIAL CRIME OF COMPANIES IN MALAYSIA." Journal of Governance and Integrity 2, no. 2 (2020): 53–64. http://dx.doi.org/10.15282/jgi.2.2.2019.5468.
Full textAbstract:
This empirical study proposes to examine one of the main areas in corporate governance i.e., the internal governance factors and their relationship with corporate financial crime and to find out whether their effectiveness as a corporate governance mechanism is still relevant in the prevention of corporate financial crime. The internal governance factors tested in the study are audit diligence, audit size, employee shares option scheme, managerial ownership and stand-alone risk management committee. The research was carried out by using a web-based data collection for corporate financial crime cases. The findings indicate a significant relationship between the existences of a stand-alone risk committee with corporate financial crime incidences. The result of the study serves as an empirical indicator for a firm’s consideration in deciding on the implementation of a stand-alone risk committee from its audit committee. Both the descriptive and correlation analyses produced by this paper provide new insights into the extent of corporate financial crime, as well as the empirical evidence of the effectiveness of having a stand-alone risk committee.
24
Patel, Sina, Karina Kasztelnik, and Maja Zelihic. "Global overview of modern financing typologies to mitigate financial risks in developed countries." SocioEconomic Challenges 7, no. 2 (2023): 54–66. http://dx.doi.org/10.21272/sec.7(2).54-66.2023.
Full textAbstract:
In this study, we reviewed the laws and legal regulations that mandate banks and financial services organizations to implement anti-money laundering efforts which are responsible to detect and mitigate the risks of money laundering and modern financing. We examined the topics of money laundering and modern financing in greater depth to understand the risk factors related to each financial crime. Understanding the aspects of each financial crime is necessary to comprehend predicate offense typologies. We continued with a review and synthesis of the literature on money laundering and modern financing typologies. We concluded the review with an analysis of Gary Becker’s economic theory of criminal behavior and the neoclassical approach to criminal behavior. As suggested by the key concepts reviewed in this literature review, predicate offenses are evolving as prevailing conditions of society change. A major global challenge in recent times is the Covid-19 pandemic crisis which has increased financial risks worldwide (Klimczak et al., 2021). Understanding the different types of predicate offenses and typologies portrays a holistic process of how criminals launder money or finance modern acts. A review of the existing literature demonstrated intensive research on the topic of financial crime but there is a gap in the current legislative and financial risk management framework. The legislative and financial risk management framework detects economic uncertainties and risk factors requiring a reevaluation of financial risk measurement methodologies to mitigate the risk consequences of money laundering and modern financing activities. A best practice to provide a sound framework to manage financial risks is for U.S. banking and financial service company compliance managers to identify predicate offense typologies. American society could benefit from the results of the study (Klimczak et al., 2021). The banking and financial industries ought to be prepared for the future and continue to adapt to new emerging threats, varying consumer classification, and changing environment. It is essential for compliance leaders to implement public education initiatives and help their customers recognize their role in combating money laundering and modern financing activities. Overall, the study has contributed to positive social change by identifying predicate offense typologies that can help U.S. banking and financial services company compliance managers reduce the risks of money laundering and modern financing activities (Klimczak et al., 2021).
25
Suryani, Dewi Ervina. "Penerapan Undang-Undang No 8 Tahun 2010 Tentang Pencegahan Dan Pemberantasan Tindak Pidana Pencucian Uang (TPPU) Terhadap Penegakan Hukum Pidana Pencucian Uang (Money Laundering) Terhadap Tindak Pidana Kehutanan (Illegal Logging)." Jurnal Hukum Kaidah: Media Komunikasi dan Informasi Hukum dan Masyarakat 19, no. 3 (2020): 499–508. http://dx.doi.org/10.30743/jhk.v19i3.2827.
Full textAbstract:
Money Laundering is a double crime that is continued crimes that frequently occur in Indonesia. This is indicated by the form of illegal money laundering as a crime that is a follow-up crime, while the main crime or crime of origin is known as predicate offense or core crime or there are countries that formulate it as unlawful activity, namely predicate crimes that generate money which are then carried out in the money laundering process (Money Laundering). As for one form of money laundering crime (Money Laundering), namely forestry crimes which are considered as predicate of crimes in the legal system as referred to in Law Number 8 of 2010 concerning the Prevention and Eradication of Money Laundering, of course it provides a legal basis for the law enforcement officers to carry out investigations and investigations as well as pursuing various suspicious transactions from financial institutions in order to seek cash flows that will eventually lead to intellectual actors holding funds for illegal logging activities. Although there are legal instruments that contain provisions of laws and regulations in the field of forestry and the environment, namely the Law Number 18 of 2013 concerning Prevention and Eradication of Forest Destruction and the Law Number 32 of 2009 concerning Environmental Protection and Management. However, in practice, the law enforcement has not been able to embrace the conception of understanding that in trapping perpetrators using the principle approach, it is suspected or should be suspected of having committed the crime of money laundering. What is being done now is to arrest the illegal logging actors who carry out
26
Ehisuoria E. Akhuemonkhan, Genevieve Okafor, Evelyn Gachui, Ifeoma Naibe, and Aniel K. Diala. "The impact of financial crime regulations on corporate governance: A critical analysis of U.S. SEC, PCAOB, and global anti-fraud policies." International Journal of Applied Research in Social Sciences 7, no. 4 (2025): 279–85. https://doi.org/10.51594/ijarss.v7i4.1878.
Full textAbstract:
Financial crimes such as fraud, corruption, and misreporting continue to threaten corporate integrity, investor confidence, and the stability of global financial markets. In response, regulatory bodies in the United States—particularly the Securities and Exchange Commission (SEC), the Public Company Accounting Oversight Board (PCAOB), and landmark legislation such as the Sarbanes-Oxley Act (SOX) and the Foreign Corrupt Practices Act (FCPA)—have implemented robust frameworks to strengthen corporate governance and fraud prevention. This paper critically analyzes how these U.S. financial crime regulations have transformed corporate oversight mechanisms, improved accountability, and shaped global compliance standards. It also examines how international anti-fraud policies increasingly align with U.S. practices, fostering cross-border regulatory synergy. Through a review of legal frameworks, enforcement cases, and corporate responses, this study highlights the positive influence of these regulations on internal controls, board governance, and ethical conduct in multinational corporations. The paper concludes by offering policy recommendations to enhance compliance effectiveness and promote ethical business practices in a dynamic global environment. Keywords: Financial Crime Regulations, Corporate Governance, Sec Compliance, PCAOB Oversight, Sarbanes-Oxley Act (Sox), Anti-Fraud Policies, Forensic Accounting, Regulatory Compliance, Risk Management, Global Financial Transparency.
27
Okeke, Uche Darlington, Chukwubuikem I. Obianyo, and Solomon Vendaga Ater. "An Analysis of the Role of Nigerian Copyright Commission as a Designated Relevant Organisation under the Proceeds of Crime Act, 2022." Global Journal of Politics and Law Research 13, no. 3 (2025): 1–18. https://doi.org/10.37745/gjplr.2013/vol13n3118.
Full textAbstract:
This study investigated the nexus between copyright offences and criminal proceeds in Nigeria. It focused on the expanding role of the Nigerian Copyright Commission (NCC) as a designated Relevant Organisation (RO) under the Proceeds of Crime (Designation of Nigerian Copyright Commission as a Relevant Organisation) Order, 2025. The Order is made pursuant to section 81 of the Proceeds of Crime (Recovery and Management) Act, 2022 (POCA). The study highlighted the growing prevalence of copyright infringements. The highlight includes their significant economic implications, particularly in the digital era where such offences can presumably be linked to organised crime and money laundering. The objective was to examine how NCC’s powers have evolved from traditional civil enforcement to include criminal prosecution and asset recovery within Nigeria’s broader anti-money laundering framework. The research found that copyright offences, while not explicitly listed as predicate offences under anti-money laundering laws, are effectively treated as such due to their association with illicit financial gains. It further found that the designation of NCC under POCA is to enhance enforcement capabilities. This will empower NCC to conduct asset tracing, seizure, and management connected to copyright violations. The study recommended strengthening institutional collaboration between NCC and financial intelligence agencies, improving legal frameworks to explicitly include copyright offences as predicate crimes, and enhancing capacity-building for effective enforcement. In conclusion, NCC’s integrated enforcement role is pivotal in disrupting the economic benefits of copyright crime and advancing Nigeria’s fight against organised economic offences.
28
Hall, Alexandra, and Georgios A. Antonopoulos. "“Coke on Tick”: exploring the cocaine market in the UK through the lens of financial management." Journal of Financial Crime 24, no. 2 (2017): 181–99. http://dx.doi.org/10.1108/jfc-07-2015-0037.
Full textAbstract:
Purpose This paper aims to offer detailed preliminary data and analysis that focuses specifically on the structures and financial aspects of the UK cocaine market. Design/methodology/approach This paper is based on in-depth interviews with – among others – four active criminal entrepreneurs involved in powder cocaine supply in the UK. Furthermore, along with a review of relevant literature and open sources, in-depth interviews were undertaken with a range of experts with knowledge of the cocaine market. These experts include law enforcement agents and independent academics/researchers who have researched the cocaine market in the UK and internationally. Findings The cocaine market is a fragmented business dependent on networks of individual entrepreneurs and groups. At the core of collaborations often lie family, ethnic or kinship relationships and relationships forged within legal businesses and in prison. Capital investment practices in this market are flexible, “messy” and mutating, and money comes from a range of different sources. Credit is an integral feature of the cocaine business in the UK. The financial management of the cocaine trade is a result of (and reflects) a number of factors, such as the fragmented and decentralised nature of the trade. Originality/value Empirical research into financial aspects of organised crime manifestations is important for the assumptions that are part of public debate to be tested. In addition, understanding the broader range of financial aspects of organised crime is an important component of the process of crimes for gain and can contribute to both better investigation and better prevention.
29
Ariyanny, Renny, Sung-jun Bae, Mohammad Kemal Dermawan, and Anna Bosch. "Disgorgement of Profits: An Alternative Solution to Stolen State Assets’ Recovery from Corporate Financial Crimes." Hasanuddin Law Review 9, no. 2 (2023): 139. http://dx.doi.org/10.20956/halrev.v9i2.4622.
Full textAbstract:
In recent years, the Indonesian government has suffered a huge loss of state assets due to the misbehavior of corporations in financial management because the Indonesian legal system does not have a specific regulation to address corporate financial crime. When a corporate financial crime case arises, Indonesian law enforcement approaches this crime using the Anti-Corruption Act. However, the aim to retrieve the stolen government assets purloined by a corporation using the Anti-Corruption Act is still insufficient, therefore, other related regulations such as the Money Laundering Act have to apply as an additional instrument to realize optimal recovery from the misbehaving corporation. Because the long process involved in criminal and civil courts it is sometimes a waste of the law enforcement effort and the funds expended to get paid back from offenders and/or corporations because the money received is much lower than the money lost or even zero. To bridge the gap between the money lost initially and the repayment money, because of the lack of special legal regulation concerning corporate financial crime, this research intends to study the possibility of using a “disgorgement of profits” approach as a faster way to get the maximum repayment of stolen money/assets from instances of corporate financial crime in out-of-court settlements.
30
Angela, Rosari Widya Pangestika, and Honggowati Setianingtyas. "The Development of Financial Statement Fraud Research: A Bibliometric Analysis." JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES 07, no. 02 (2024): 943–52. https://doi.org/10.5281/zenodo.10623934.
Full textAbstract:
This research aims to present and explain the development of research related to financial statement fraud by reviewing bibliometric analysis taken from the Scopus database for the period 1979 – 2023. The method used is a bibliometric analysis approach using VOSviewer and Microsoft Excel to analyze data frequency. The results of this research show that the research topic of financial statement fraud will be most researched in 2023 with 60 articles, the journal that publishes the most topics related to financial statement fraud is the Journal of Financial Crime. The country that publishes the most on the topic of financial statement fraud is the United States. Variables that often appear related to the topic of financial statement fraud are corporate governance, earnings management, crime, and the fraud triangle. Brazel, Hermanson, and Jones are the authors who write most frequently or extensively about financial statement fraud.
31
Bieńkowska, Ewa. "FUNDUSZ POMOCY POKRZYWDZONYM ORAZ POMOCY POSTPENITENCJARNEJ – O NOWEJ INSTYTUCJI PRAWA KARNEGO WYKONAWCZEGO KRYTYCZNIE." Zeszyty Prawnicze 12, no. 1 (2016): 27. http://dx.doi.org/10.21697/zp.2012.12.1.02.
Full textAbstract:
CRIME VICTIMS AND THE POLISH POSTPENITENTIARY ASSISTANCE FUND: A CRITICAL ASSESSMENT OF A NEW INSTITUTION FOR EXECUTIVE PENAL LAW Summary The paper describes and analyses the regulation of a Fund which has been in operation since January 1st, 2012. The idea behind the Fund was to establish a centralised system for the management and fair distribution of financial resources allocated to assist crime victims and persons discharged from penitentiary institutions. Paradoxically, however, the two parts of the Fund come from separate sources. In the author’s opinion it is completely unacceptable to incorporate a regulation concerning victims of crime in the executive code of penal law, which regulates the execution of penalties imposed on perpetrators of crime and is not concerned with crime victims at all. The analysis of the details of the Fund shows that the legislator’s main intention was to find financial justification for his own activity and to create a means of control over non-governmental organisations assisting crime victims.
32
Achim, Monica Violeta, Viorela Ligia Văidean, Sorin Nicolae Borlea, and Decebal Remus Florescu. "The Impact of the Development of Society on Economic and Financial Crime. Case Study for European Union Member States." Risks 9, no. 5 (2021): 97. http://dx.doi.org/10.3390/risks9050097.
Full textAbstract:
Economic and financial crime is closely related to the changes and the development of societies. In this paper, we question whether the types of economic and financial crimes change as the society develops or not. For our purpose, we use the sample of 27 European Union member countries, for the 2005–2020 time period, which forms an unbalanced panel dataset. The main econometric method is represented by the Pooled OLS method for panel data. Our findings highlight that higher economic and sustainable development determines a reduction in the levels of corruption, shadow economy, and cybercrime. Additionally, we find that increased economic and sustainable development is related to higher levels of money laundering. These findings help governments to understand the way in which various types of economic and financial crimes unfold within different contexts of economic development, in order to implement specific policies for reducing the general level of crimes.
33
Brici, Iulia, and Monica Violeta Achim. "Does the Digitalization of Public Services Influence Economic and Financial Crime?" Studies in Business and Economics 18, no. 2 (2023): 67–85. http://dx.doi.org/10.2478/sbe-2023-0025.
Full textAbstract:
Abstract The aim of our research is to check if public services’ digitalization has an influence on economic and financial crime. We split economic and financial crime into its main forms and measured them using relevant indicators. For public services’ digitalization we consider indicators regarding online services’ quality, telecommunication infrastructure and e-government involvement. We also consider control variables that might affect the nexus between the main variables. Our sample comprise 185 countries, being split by developed and developing countries. Our processings are done in Eviews7, using Panel Least Squared Method. We test the relationship between public services’ digitalization and each component of economic and financial crime. The conclusions show a decrease of economic and financial crime with an increase of public services’ digitalization. In some particular cases, for developing countries we can observe a slight increase of the phenomenon. Our study completes the specialized literature because it includes a wider sample and a more complex set of indicators. It can also be very useful in developing national strategies and policies regarding the economic and financial crime issue. Digitalization is not a cause for concern when law is respected. If we have functional policies, technology will become citizen’s most accessible tool.
34
Kodradjaja, Fenny, Vieta Ilmelda Cornelis, and Sri Astutik. "Debtor Protection If Online Loan Crime Occurs." Ipso Jure 2, no. 2 (2025): 38–50. https://doi.org/10.62872/qr8ks966.
Full textAbstract:
Popular peer-to-peer lending fintech is also called online lending. As an innovation in the financial sector, online loans offer financial assistance to people in need and applying for loans is quite easy. Online lenders as financial service providers are regulated by the Financial Services Authority, which is an institution legally authorized to regulate, supervise, audit and investigate the financial services sector. However, in practice, online loan management in Indonesia often causes problems even though it is regulated and supervised by the OJK. These problems are related to personal data breaches, resolving intimidation, and several other problems. The purpose of this research is to find out what the legal regulations for online loans are in Indonesia and what legal protection is given to borrowers who make online loans through legal regulations in order to avoid problems related to online loans. This research uses normative legal research methods, the approach used is a legal approach. The results of this research show that the basis for regulating online loans is in OJK Regulation Number 10/POJK.05/2022 concerning Technology-Based Community Financing Services. The legal protection for online borrowers is divided into preventive protection, namely protection against criminal acts, and contains prohibitions on online borrowing. And law enforcement protection to resolve disputes that arise, support through out-of-court dispute resolution tools, the Alternative Financial Services Sector Dispute Resolution Institute (LAPS SJK) and legal defense of debtor interests by assisting in the initiation of legal efforts
35
Uppiah, Valerie. "A critical examination of the regulation of Ponzi scheme in Mauritius." International Journal of Law and Management 60, no. 6 (2018): 1393–400. http://dx.doi.org/10.1108/ijlma-08-2017-0201.
Full textAbstract:
Purpose The purpose of this paper is to analyse the regulation of the financial crime of Ponzi scheme in Mauritius. Contrary to money laundering which has a legal framework to combat it, for Ponzi scheme, there is no specific legal mechanism to combat this particular financial crime. Therefore, the aim of the paper is to provide for an analysis of Ponzi scheme which includes, inter alia, the definition of a Ponzi scheme, its modus operandi and how it should be tackled. Focus will be placed on devising a specific legal framework for it in Mauritius. Design/methodology/approach The research method used to conduct this research and write this paper is a black letter legal research method. An analysis of several laws and cases is carried out so as to provide for the legal background of the research. Findings The investigation conducted in this paper will lead to the conclusion that Mauritius has to devise a law which will specifically combat Ponzi schemes. This law shall provide for the ways to counter this financial crime as well as the duties of the various financial supervisory bodies. Originality/value The paper provides for an analysis of the operation of Ponzi scheme in the Mauritian context. The paper also examines the existing legal framework that combats this financial crime in Mauritius and highlights its strengths and weaknesses.
36
Thoriquttyas, Titis, and Nita Rohmawati. "Faith-Based Environmental Initiatives on Combating Green Financial Crime." AML/CFT Journal The Journal of Anti Money Laundering and Countering the Financing of Terrorism 3, no. 1 (2024): 85–101. https://doi.org/10.59593/amlcft.2024.v3i1.217.
Full textAbstract:
Green financial crime seriously threatens the sustainability of the environment and the integrity of the global economy. This study aims to investigate the role of environmental initiatives to religious foundations with a religious foundation in countering green financial crime by reviewing relevant literature, examining religious teachings on environmental stewardship, and evaluating the influence of religious advocacy on public policy and community behavior. In the practical sense in the Indonesian context, Muhammadiyah's humanitarian arm has been involved in disaster relief, focusing on environmental sustainability in recovery efforts. This includes advocating for better waste management and building resilient, eco-friendly infrastructure in disaster-prone areas. These initiatives highlight how organizations use their religious influence, aligning faith-based teachings with practical efforts. Thematic analysis is used in this study to find and examine themes and patterns in the data gathered. The results of this study show that faith-based activities play a significant role in the local and global fight against green financial crime. It is essential for religious organizations to prioritize environmental awareness because of the pressing nature of environmental crises and the significant moral, ethical, and practical effect that religion has. The integration of religious ideas and the utilization of religion-based organizations' strengths can significantly augment efforts aimed at combating green financial crime, thereby resulting in more equitable and sustainable outcomes for both society and the environment.
37
Burger, Richard, and Samantha Hatt. "“Are you the weakest link?” The FSA's financial crime review." Journal of Financial Regulation and Compliance 14, no. 3 (2006): 304–10. http://dx.doi.org/10.1108/13581980610685667.
Full text
38
Kyei, Mark, and Oscar Agyemang Opoku. "Effects Of Financial Management Practices On The Operational Performance Of The Ghana Police Force." Interdiciplinary Journal and Hummanity (INJURITY) 2, no. 7 (2023): 643–57. http://dx.doi.org/10.58631/injurity.v2i7.97.
Full textAbstract:
The study was to establish the effect of the financial management practices on the operational performance of the Ghana Police force in the Greater Accra Region of Ghana. The study used a descriptive survey design of the quantitative approach. It targeted staff of Ghana Police Service in the Greater Accra Region of Ghana. The study employed census and questionnaire was employed to gather data from them. The questionnaire was analysed descriptively using frequencies and percentages with the aid of Statistical Package for Service Solution version 26. The study found that effective financial management practices have assisted in reducing, crime apprehension and prosecution, crime rate, crime detection and prevention, protection of life and property, as well as peace and tranquility. Factors that hinder the effective financial management practices in the Ghana Police force included; political changes/interference, timeliness of resources and finance, problems of accountability and transparency, and problems of bureaucracy and inefficiency. Therefore, the study recommended that the Ghana Police Service should ensure that liquidity policy is reviewed periodically. Also, the Ghana Police Service should strengthen the system of supervision for cash collection and disbursement. Moreover, the Ghana Police Service should ensure that there is analysis of performance and plans are compared to actual plans with budget. Furthermore, the Ministry of finance in collaboration with the Ghana Police Service should release resources and finance on time. Lastly, the Ghana Police Service should ensure that there is accountability and transparency as well as reducing the bureaucracy and inefficiency
39
Xu, Xianpu, and Yuxi Yang. "Can Digital Financial Inclusion Help Reduce Urban Crime? Evidence from Chinese Criminal Judgment on Theft Cases." Systems 11, no. 4 (2023): 203. http://dx.doi.org/10.3390/systems11040203.
Full textAbstract:
The rapid development of digital finance has changed all aspects of human life and has also had a deep impact on the social governance system. This paper constructs an unbalanced panel of data of the theft crime rates for 289 cities in China during 2014–2019 based on the theft criminal judgments published on China’s Judicial Documents website and explores the impact of digital financial inclusion on urban theft crime. It shows that there is a significantly negative correlation between digital financial inclusion and the urban theft crime rate, indicating that the development of digital financial inclusion can effectively reduce urban theft crime, which is also confirmed by instrumental variable analysis based on the spherical distance between cities and Hangzhou, and that digital financial inclusion mainly reduces theft crime committed by more serious and highly educated individuals. In addition, mechanism analysis shows that digital financial inclusion can reduce the expected benefits of theft by enhancing payment convenience and raise the opportunity cost by promoting employment. Therefore, in the Internet era, it is essential for China to continuously improve social governance tools that adapt to the development of new technologies to achieve high-quality urban development.
40
Wilson, Gary, and Sarah Wilson. "The FSA, “credible deterrence”, and criminal enforcement – a “haphazard pursuit”?" Journal of Financial Crime 21, no. 1 (2013): 4–28. http://dx.doi.org/10.1108/jfc-02-2013-0007.
Full textAbstract:
Purpose– Located within growing scholarly interest in linking the global financial crisis with revelations of financial crime, this piece utilises Roman Tomasic's suggestion that the financial crisis has marked something of a turning point in regulatory responses to financial crime worldwide. Tomasic attributes this to changing attitudes towards light-touch regulation and risk assessment, and the demand for existing agencies to be replaced with new tougher authorities. In the UK, this can be illustrated by the imminent replacement of the FSA with the Financial Conduct Authority (FCA). The paper aims to discuss these issues.Design/methodology/approach– Discussion of the FSA's financial crime fighting activity is an important forecast for the likely directional focus of the FCA in this regard. A focus only on “market abuse” enforcement within this arises on account of the effects for financial systems widely attributed to this activity, with threats to systemic stability being a hallmark of the 2007-2008 financial crisis. This methodology also encourages coherence in focus and management of sources within the article. Market abuse enforcement provides a lens for exploring the FSA's adoption of the philosophy and ethos of “credible deterrence”, and FCA commitment to retain it, and ultimately for applying the hypothesis of the “haphazard pursuit of financial crime” to pre-crisis criminal enforcement relating to financial crime undertaken by the FSA.Findings– The FSA and FCA appear acutely aware that the financial crisis has marked something of a turning point for the enforcement of financial crime, and for signalling changes in approach, for the reasons explored by Tomasic. Tomasic correctly identifies factors encouraging a range of undesirable practices pre-crisis, and ones signalling tougher and more sustained attention being paid to financial crime henceforth. It is noted that, pre-crisis, the FSA's pursuit of criminal enforcement of market abuse was conscious, comprehensively resourced, well publicised, and actually extensive.Originality/value– This exploration of the FSA's criminal enforcement of market abuse given the Authority's own perceptions that it was not, and could never be, a “mainstream” criminal prosecutor considers the likely lasting legacy of this determined pursuit, when domestic politics and pan-European policies suggested against this. This is likely to be enormously valuable as the FCA undertakes this task in a domestic arena which is markedly in contrast from this, and where European agendas are pushing in favour of criminal enforcement, with the “more Europe, or less” debate providing a further dimension of interest.
41
Duncan, Philippa. "A methodology for enterprise-wide risk assessment in small banks and credit union." Journal of Money Laundering Control 24, no. 2 (2021): 374–95. http://dx.doi.org/10.1108/jmlc-08-2020-0098.
Full textAbstract:
Purpose This paper aims to provide an easy to follow, practical guide for small traditional banks and credit unions to conduct an enterprise-wide risk assessment of the financial institution’s anti-money laundering compliance program. Design/methodology/approach Information was collected from relevant documents published by global standard setters in the disciplines of anti-money laundering, financial crime prevention and risk management. The data was integrated with common challenges experienced by small financial institutions to produce an application-based guide that practitioners can readily implement. Findings Though not a new concept, macro-level financial crises and institutional level financial crimes have influenced the rapid evolution of risk management in financial institutions over the past three decades. Small unsophisticated banks and credit unions are expected to now perform an internal risk assessment. An abundance of information is available on risk assessment, but small institutions remain challenged in finding a turnkey document that is readily actionable to stimulate a less arduous undertaking, especially given the institutions’ limited resources. Research limitations/implications The setting reflects small deposit-taking institutions with traditional services. It is tailored for easy understanding and practical use by the institutions. Originality/value This could influence small institutions to conduct enterprise-wide risk assessments and formulate and use more specific risk management policies.
42
Matsuoka, Akira. "The establishment of the OECD Asia-Pacific academy for tax and financial crime investigation." Journal of Financial Regulation and Compliance 28, no. 4 (2020): 541–54. http://dx.doi.org/10.1108/jfrc-12-2019-0139.
Full textAbstract:
Purpose This viewpoint paper has two purposes: One is to argue that the Academy activities should increasingly be promoted and used for disseminating the practical and useful skills for the related law enforcement people who fight against financial crime, while the other is to contribute to the basis of discussions and further academy research. Design/methodology/approach This study summarizes and indicates potential usefulness of the new academy, specializing in the related social and political contexts in qualitative and descriptive ways. Findings This study indicates that the new academy activities in Japan would continue for a long time, thus providing immediately useful skillsets for the investigators and officers at the very frontline who face against various financial crimes. Originality/value While little research has been done about the series of related academy activities by OECD, this study describes the historical background and usefulness of the academy of the OECD in a specialized manner, thus showing its linkage with FATF.
43
Ikuteyijo, Lanre Olusegun. "The Challenges of Community Policing in Nigeria." International Journal of Police Science & Management 11, no. 3 (2009): 285–93. http://dx.doi.org/10.1350/ijps.2009.11.3.130.
Full textAbstract:
A community approach to the management of crimes and criminal behaviour in Nigeria is the latest in the crime fighters' attempt to curb the menace of the rising crime rate in the country. The efficiency of this approach is, however, facing certain challenges, namely: interference of some ‘powerful’ members of society in the course of justice, inertia on the part of some corrupt police officials who want the status quo to be maintained, financial constraints, and the unpleasant image of the police. This paper examines these challenges as well as the constraints they pose to the success of community policing in Nigeria. The author is of the opinion that for community policing to be successful in Nigeria, these challenges must be addressed taking into consideration the peculiarities of the Nigerian context.
44
Moroke, Ntebogang Dinah. "A two step clustering algorithm as applied to crime data of South Africa." Corporate Ownership and Control 12, no. 2 (2015): 482–90. http://dx.doi.org/10.22495/cocv12i2c4p8.
Full textAbstract:
This study applied a TwoStep cluster analysis on the 29 serious crimes reported at 1119 police stations across South Africa for the 2009/2010 financial year. Due to this high number of variables and observations, it becomes difficult to apply some statistical methods without firstly using others as precursors. Classical methods have also been found to be inefficient as they do not have the ability to handle large datasets and mixture of variables. The AIC and BIC automatically identified the three clusters of crimes. The findings may guide authorities when developing interventions tailored to better meet the needs of individual cluster of crimes. Existing plans may also be enhanced to the advantage of residents. More emphasise may be placed on crimes that pose a serious threat. The SAPS may use these findings when reporting on national crime statistics. For future studies, discriminant analysis can be applied to check the clusters’ validity
45
Laure, de Batz. "Financial crime spillovers. Does one gain to be avenged?" Journal of Economic Behavior & Organization 173 (May 2020): 196–215. http://dx.doi.org/10.1016/j.jebo.2020.03.008.
Full text
46
Dunmei, Р. "CURRENT SITUATION, STRUCTURE AND MEASURES TO COUNTERACT BUSINESS CRIME IN CHINA." Courier of Kutafin Moscow State Law University (MSAL)), no. 1 (April 7, 2021): 73–80. http://dx.doi.org/10.17803/2311-5998.2021.77.1.073-080.
Full textAbstract:
Entrepreneurship is the main bearer of economic activity, which is why the company is central to public life, and moreover, the entrepreneur is recognised as the soul of the company. However, some entrepreneurs, unaware of the rule of law and responsibility, take risks in areas such as corporate finance, financial management, trade and product quality, which leads to an increase in crime among entrepreneurs, which to some extent limits the development of market economies. Entrepreneurial crime as a negative social phenomenon reveals institutional weaknesses in the functioning, management, control and other links of enterprises. In order to overcome previous risks, improvement of the concept, mechanism, organisation and methods of legal risk management should be organically combined with the production and management of the enterprise in order to form a system of prevention and effective prevention of entrepreneurial crime.
47
IVANYTSKYI, Serhii. "Problematic aspects of financial monitoring by specially designated subjects." Economics. Finances. Law, no. 5 (May 26, 2021): 9–12. http://dx.doi.org/10.37634/efp.2021.5.2.
Full textAbstract:
Introduction. The paper stated that in the new Law of Ukraine “On preventing and countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction”, the domestic legislator used a number of general formulations with a broad and vague content, which may complicate its practical implementation and necessitates the theoretical research of these issues within the framework of this paper. The purpose of the paper is to analyze the state of legal regulation of the implementation by certain specially defined subjects of primary financial monitoring of obligations to prevent and counteract the legalization (laundering) of proceeds from crime, the financing of terrorism and the proliferation of weapons of mass destruction, as well as to formulate recommendations for making appropriate changes to the legislation. Results. In paragraph 1 of part 1 of art. 10 of the Law of Ukraine “On preventing and countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction” does not disclose the content of the terminology turnover “creation, operation or management of legal persons”. Conclusion. In order to clarify the terminology in paragraph 1 of part 1 of article 10 of the Law of Ukraine “On preventing and countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction”, it is advisable to amend it by adding after the words “other similar legal entities” the words “including, performing the functions of a director or secretary of a legal person, its trustee/owner/manager, nominee shareholder/owner/holder”.
48
Dr., L. Vishnu Varthini. "An Insight to Forensic Financial Service Management and Entrepreneurship in India." Shanlax International Journal of Management 7, S1 (2020): 139–45. https://doi.org/10.5281/zenodo.3777972.
Full textAbstract:
The increase in use of advanced technology has its own implications in the adverse side right from the basics to cybercrimes. Cybercrimes are not only blooming locally (with in an organization/region) as well as globally also. In the current article, we are going to see the insights how the digital era corrupted the management of financial services and their impact in analyzing the forensic aspects of accounting. For example, the role of forensic financial auditors are crucial in determining the cyber financial frauds in the finance system and to prove them legally. As a result, there will be an increase in the role of potential financial managers and the increase in scope for entrepreneurship. To have a wider view on forensic financial management, we are going to analyze the secondary data provided by reported surveys and digital information resources. Though few forensic accounting tools like Bedford’s law, Theory of relative size factor are available, there is a high demand for versatile tools and software to combat with the advanced digital modernization. The outcome of this research paper will provide valid information and ideas for the budding forensic experts in terms of employability and entrepreneurship as there is an increase in awareness for transparency and accountability.
49
Abd. Malek, Nurul Izza, Rossazana Ab-Rahim, Michelle Chang Ting Ting, and Nur Zaimah Ubaidillah. "Corporate Crime Announcement Effect on Stock Price and Its Determinants in Malaysia." WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS 20 (September 8, 2023): 1885–907. http://dx.doi.org/10.37394/23207.2023.20.165.
Full textAbstract:
Nowadays, the increasing cases of crimes committed by corporations have posed challenges to enforcement agencies, especially in Malaysia. It may result in serious damage to financial institutions and economic performance, as well as generate social disorganisation and lower the level of confidence between investors and consumers. This study aims to examine the reactions of corporate crime announcements on stock prices and identify relationships among determinants of stock prices such as firm size, price to book value, earnings per share, and dividends per share in the context of firms involving crime. The sample consists of 11 announcements by 9 publicly listed companies charged by the Securities Commission for committing a corporate crime from 2003 to 2020, with a total observation of 162. The market model event study and fixed effect regression analysis are employed to analyze the data obtained from Yahoo Finance and Bursa Malaysia. The finding indicates that the AARs on the announcement date are not significant at the 5% level. However, the CAARs on the announcement date were negative abnormal returns and statistically significant. This reveals that the stock market is not reacting efficiently to the announcement of corporate crime because the stock price was not fully reflected in all publicly available information. Furthermore, the results of the fixed effect model revealed that firm size and dividend per share have a significant effect on stock price, whereas price-to-book value and earnings per share have insignificant relationships with stock price in the context of firms involved in corporate crime. This study intends to provide a better understanding of the causes of corporate crime and prevent corporate crime from becoming widespread in the country, thereby reducing the number of corporations that participate in crime.
50
Nur, Said, and Wisnaeni Fifiana. "Corruption Criminal Prevention Strategy Financial Management of VillageFunds Through TP4D in Semarang District." International Journal of Social Science and Human Research 04, no. 05 (2021): 1106–14. https://doi.org/10.47191/ijsshr/v4-i5-28.
Full textAbstract:
: Based on Presidential Instruction Number 7 of 2015, the Indonesian Prosecutor's Office deems it necessary to provide assistance to relevant government officials in terms of development acceleration and strategic national development programs. In addition, the Indonesian Attorney General's Office as a law enforcement agency has a role in supporting the success of national government and regional governance and development through escort and security, both in planning, implementing and utilizing development outcomes, including efforts to prevent state irregularities and losses. The establishment of TP4D in Semarang Regency, as an effort to be able to prevent the occurrence of Corruption Crime (Tipikor), mainly related to Village Fund Financial Management (APB Desa). In the effort to prevent Tipikor in managing APBDesa often faced with internal problems of the Village Government, among others: low levels of devotion, low ethics and integrity, egoistic behavior, low professionalism. While those related to external problems, among others: the first factor of the government administration system, in the form of: regulations that are still overlapping, sectoral and institutional selfishness, limited internal supervision, development of HR management is still limited. The second is related to cultural factors, among others: the existence of a culture of "tired money / facilitation money" as an additional income for the apparatus, an attitude of reluctance, and a shift in social and economic values. The strategy that has been carried out by the Semarang District Government and the Village Government in suppressing the occurrence of corruption in APBDesa management, namely, among others: strengthening the Government Internal Supervisory Apparatus (APIP) institutions, monitoring planning, implementation and accountability, conducting APBDesa information disclosure, and increasing HR Village Apparatus