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The liability of accountants and auditors under the Federal Securities Acts and the Racketeer Influenced and Corrupt Organizations Act in the USA

Hemraj, Mohammed B. - In: Journal of Financial Crime 10 (2003) 2, pp. 159-165

Shows how the Securities and Exchange Act and the Racketeer Influenced and Corrupt Organizations Act 1970 (RICO) in the USA impose additional burdens on auditors in the detection of accounting errors, irregularities and fraud, compared with other countries like the UK; this is in addition to the...

Persistent link: https://www.econbiz.de/10014865231

Micro‐ and macro‐economic effects: secreting assets to evade non‐business (private) obligations and responsibilities

Harshman, Ellen; Islam, Muhammed; Nelson, Camille A.; … - In: Journal of Financial Crime 10 (2003) 2, pp. 166-183

Investigates the effects on the family and society when an American business owner hides his wealth from creditors and family members, based on a case study where a non‐custodial father moved funds into highly secret jurisdictions to evade US tax, disappeared, and left his wife left liable for...

Persistent link: https://www.econbiz.de/10014865232

The emergence of solicitors’ tortious liability and the award of damages

Hemraj, Mohammed B. - In: Journal of Financial Crime 10 (2003) 4, pp. 316-330

Analyses the emergence of tortious liability on solicitors and the damages awarded against them for negligence in … Caunters, which showed that liability could be to a third party, ie the beneficiary of a will that was made void by solicitor … objectives for awarding damages, and the bounds of liability. …

Persistent link: https://www.econbiz.de/10014865241

Third party liability: the risk of being sued by those damaged by regulatory or enforcement action

Davidson, N. R. W. - In: Journal of Financial Crime 12 (2005) 3, pp. 209-216

Zealand; the bank faces liability whichever decision it makes. Mentions the Royal Brunei Airlines and Twinsectra cases, and …

Persistent link: https://www.econbiz.de/10014865299

Identity theft: the US legal environment and organisations’ related responsibilities

Gerard, Gregory J.; Hillison, William; Pacini, Carl - In: Journal of Financial Crime 12 (2005) 1, pp. 33-43

Discusses an organisation’s responsibilities to mitigate the opportunity for identity theft, which is the criminal act of assuming the identity of another person with the expectation of gain; it is becoming the most pervasive financial crime today and resulted in the estimated loss of $221...

Persistent link: https://www.econbiz.de/10014865317

Placing bankers in the front line: the secondary liability of bankers for their customers’ regulatory contravent

Lomnicka, Eva - In: Journal of Financial Crime 12 (2005) 3, pp. 200-208

in knowledge for the purpose of “knowingly concerned” liability; they also have to report suspicions of money laundering …

Persistent link: https://www.econbiz.de/10014865323

When is a law firm liable for a data breach? An exploration into the legal liability of ransomware and cybersecurity

Teichmann, Fabian Maximilian Johannes; Wittmann, Chiara - In: Journal of Financial Crime 30 (2022) 6, pp. 1491-1498

, that they will remain unaffected. When targeted, the stark reality is that a company also incurs a liability risk. This … paper aims to explore the boundaries of liability resulting from a data breach and privacy concerns according to the … analysed as a threat of liability. Its distinctly modern developments require consideration. In response to the threat of …

Persistent link: https://www.econbiz.de/10014866288

Too big to fail, too big to jail: restoring liability a lesson from HSBC case

Hardouin, Patrick - In: Journal of Financial Crime 24 (2017) 4, pp. 513-519

, too big to jail” paradigm and to restore individual liability in the financial industry. Design/methodology/approach The … demonstration that there is no basis for a limited personal liability in the financial industry. …

Persistent link: https://www.econbiz.de/10014866554

Robot ethics and law

Bogue, Robert - In: Industrial Robot: An International Journal 41 (2014) 5, pp. 398-402

Purpose – This is the second part of a two-part paper which aims to provide an insight into the ethical and legal issues surrounding certain classes of robot. This part is concerned with law. Design/methodology/approach – Following an introduction, this paper first describes the European...

Persistent link: https://www.econbiz.de/10014835526

Environmental Regulations Under Simple Negligence or Strict Liability

Egteren, Henry van; Smith, R. - In: Environmental & Resource Economics 21 (2002) 4, pp. 367-394

We use negligence and strict liability as the basis for environmentalregulations and show that, when jurisdictions … compete for firms that engagein environmentally risky behaviour, strict liability implements the sociallyoptimal outcome while … strict liability is used rather than simple negligence. Copyright Kluwer Academic Publishers 2002 …

Persistent link: https://www.econbiz.de/10005721947