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White-collar crime

July 2019  | SPECIAL REPORT: WHITE-COLLAR CRIME

Financier Worldwide Magazine

July 2019 Issue


The term white-collar crime is generally associated with financially-motivated non-violent crimes – such as securities fraud, Ponzi schemes, embezzlement, corporate fraud and money laundering – conducted while maintaining a veneer of respectability. Moreover, thanks to the internet and tax havens, it can be too easy for white-collar crime to slip under the radar, with cash stashed in untouchable accounts, corporate cheques forged and deposited, and money laundering rife. On the rise and costing trillions of dollars each year, white-collar crime is devastating and certainly not the victimless crime it is sometimes perceived to be.

Q&A: Impact of technology on bribery prevention and detection

FW moderates a discussion on the impact of technology on bribery prevention and detection between Alexandra Wrage and Robert Clark at TRACE.

International cooperation with foreign enforcement agencies in financial crime matters

Peters & Peters Solicitors LLP Over the last 18 months, the UK has seen a number of significant changes in the area of international cooperation in financial crime matters, most notably through the widening of unexplained wealth order (UWO) and account freezing order (AFO)...

Trends in white-collar crime enforcement – will the UK always be chasing the US?

TLT Economic crime remains high on the public agenda as well as that of regulators. However, the key UK regulators, the Serious Fraud Office (SFO) and the Financial Conduct Authority (FCA), have faced criticism over the last year, and beyond, over the slow pace of their...

Post-Tesco, are deferred prosecution agreements on shaky ground?

BLM Following the debacle that was the trial of three former Tesco directors, sections of the legal profession are querying whether the outcome of that trial may cause corporates to pause before agreeing to enter into a deferred prosecution agreement (DPA)...

Can the length of trial amount to an abuse of process – a recent example from a British overseas territory

23 Essex Street The question of how to limit the length and complexity of criminal trials arises frequently in cases of financial crime. In the UK, rigorous case management is standard. Prosecutors are expected to control the remit of difficult cases, for example by running several...

Prosecuting white-collar crime through private prosecution: the benefits, the limits and the possibility of pursuing parallel civil proceedings

A.G. Erotocritou LLC The right to pursue a private criminal prosecution is an effective and frequently used weapon in the arsenal for combatting white-collar crime. Under Cyprus law, a private person, whether this is an individual or a legal entity, has a right to institute criminal proceedings...

Whistleblowing legislation: a guide to transparency in Brazil and in the United States

Sobrosa & Accioly Advocacia White-collar crimes are generally conducted by complex and well-organised networks, with different hierarchical levels of operation, that challenge the measures in existing legal systems designed to detect and prevent such activities. Globalisation and the spread...

Financial crimes in Singapore – an overview

Shook Lin & Bok LLP Financial crime is an ever increasing threat to today’s global economic climate. As a financial hub, Singapore is certainly not immune to this. There have been recent high-profile cases, notably an investigation into ties between financiers in Singapore and the troubled...


CONTRIBUTORS

23 Essex Street

A.G. Erotocritou LLC

BLM

Peters & Peters Solicitors LLP

Shook Lin & Bok LLP

Sobrosa & Accioly Advocacia

TLT

TRACE


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