Purpose The purpose of this paper is to investigate the influence of the rule of law, corporate governance and freedom of expression on the effectiveness of whistleblowing initiatives. This study interrogates the effectiveness of whistleblowing as a tool in combating economic and financial...

Purpose Sub-Saharan African (SSA) region has been battling illegal outflow of capital over the years, with little success recorded so far. Without adequate attention, unemployment, infrastructure deficiencies and inefficient capital might be worse in the future. The purpose of this study is to...

Purpose Rule of law is essential in reducing corruption in a country. This study aims to investigate the factors contributing to corruption in 41 of the most competitive countries in the Asia-Pacific region by focusing on judicial effectiveness, property rights and government integrity. The...

Begins with the response of the Bush administration to the terrorist attacks of September 11, including the establishment of the Foreign Terrorist Asset Tracking Centre and the passing of the PATRIOT Act, and moves on to the reaction of the global community: condemnation by the United Nations,...

Explains why and how lawyers become involved in money laundering schemes. Describes three recent cases of UK solicitors convicted for money laundering ‐ Denis Jebb, Louis Glatt and Noel Horner ‐ and notes that US lawyers are convicted more often than in the UK; this is possibly because in...

Reports a study by the Centre for the Study of Economic Crime at Rand Afrikaans University into the characteristics of money laundering schemes in South Africa; these were discussed at a workshop on December 5 2001. Outlines the 1998 Proceeds of Crime Act (POCA), the 1992 Drugs and Drug...

Notes that Islamic banking is gaining momentum, with over 200 Islamic financial institutions; money laundering is one of many threats to it. Indicates the principle in Islam of bank secrecy and confidentiality, listing the exceptions to this principle: the public interest, when individual rights...

Reviews current laws and regulations: predicate offences, cross‐border currency exchange, anonymous accounts, reporting information and confiscation regime. Moves on to domestic bureaucratic structures and responsibilities: the Anti‐Money Laundering Section, the Hungarian customs authority,...

Outlines the reporting duties of credit institutions in cases of suspicious transactions, for instance when there is no apparent purpose, the transaction does not meet the client’s needs or is unnecessarily complicated; and the reporting procedures, including who must notify the authorities,...

Contrasts the approaches to offshore Internet gambling taken by the UK and the USA: the Budd Committee recommended that it be permissible under license in the former, but it is arguably illegal for an offshore operator to accept wagers from the USA ‐ and most gaming sites are well outside the...