July 2016 Issue
White-collar crime – a term associated with the types of financially motivated nonviolent crimes perpetrated by business and government professionals (from fraud and bribery to insider trading and embezzlement) – is steadily on the rise and is now estimated to be costing the global economy in excess of $2 trillion a year. Furthermore, with the types of white-collar-crime becoming ever more sophisticated due to a technologically advancing society, deploying strategies to tackle the issue, as well facilitating co-operation between enforcement agencies, is a key element in the battle to ensure that white-collar criminals do not remain one step ahead of the authorities or their companies.
FORUM: Managing and mitigating fraud in the Asia-Pacific region
FW moderates a discussion on managing and mitigating fraud in the Asia-Pacific region between Sachin Murumkar at John Deere, Wilson Ang at Norton Rose Fulbright, Aili Zhao at Siemens Ltd., China, and Sylvia Fang at Taiwan Semiconductor Manufacturing Company Ltd.
Piecemeal approach to anti-corruption leaves companies exposed
MetricStream Corruption in a range of forms poses a considerable threat to businesses. Be it bribery, fraud or extortion, falsifying results to meet targets or anti-competitive behaviour, all have the potential to do considerable...
United States’ crackdown on offshore tax evasion: what does the future hold?
Blank Rome LLP The US Department of Justice (DOJ) marked an historic milestone in its years-long effort to combat offshore tax evasion with its announcement earlier this year of the final nonprosecution agreement for Swiss banks participating...
Back to basics: Ponzi schemes are here to stay
Bennett Jones LLP As might be expected, over the past few decades white-collar crime has evolved and become increasingly sophisticated through the use of advanced technology and the advent of cyber fraud. However, alongside the increase...
Capital punishment and punishment in capitals: the problem of white-collar crime in Canada
McMillan LLP Canada has been rocked by a series of corruption scandals that led to the defeat of our last two prime ministers and the creation of a widespread commission of inquiry into the connection between construction...
Anti-money laundering measures in New Zealand
Bell Gully The role of New Zealand in the Panama Papers has generated considerable debate in this country, if not abroad. In some quarters, there is a perception that New Zealand business structures and investments are...
Q&A: Managing and mitigating fraud in Latin America
FW moderates a discussion on managing and mitigating fraud in Latin America between Tiffany Couch at Acuity Forensics, Kathalin Carvalho at Jabil Circuit, Inc., and Robertson Park at Murphy & McGonigle.
CONTRIBUTORS
Acuity Forensics
Bell Gully
Bennett Jones LLP
Blank Rome LLP
Jabil Circuit, Inc.
John Deere
McMillan LLP
MetricStream
Murphy & McGonigle
Norton Rose Fulbright
Siemens Ltd.
Taiwan Semiconductor Manufacturing Company Ltd.