On the 29th of January 2021, it was held the first session of the VIRTEU Roundtable Discussion Series, focused on "exploring the interconnections between tax crimes and corruption". VIRTEU (Vat fraud: Interdisciplinary Research on Tax crimes in the European Union – Grant Agreement no: 878619) is a high profile legal research project funded by the … Continue reading Exploring the interconnections between tax crimes and corruption – VIRTEU Roundtable Session (Video)
*** Download the article as a PDF *** Introduction Following a series of damning and damaging leaks from the financial services industry over the past several years, there has been a commitment to alter conduct and ensure accountability within the industry, however, following the latest FinCEN leaks it is evident this is not the … Continue reading The FinCEN Files: Leakers and Whistleblowers Combating Economic Crime
Introduction While several types of economic crimes exist, this article will focus only on money laundering, fraud, and corruption. The general framework of the study that has inspired this post was based on a comparison between the traditional methods of financial crime detection and the "new" ones that entail the use of artificial intelligence. Specifically, … Continue reading Is Artificial Intelligence the future of Anti-Financial Crime?
A new video lecture of the series Digital CSR is now available. It was a privilege to host a special guest lecture within my Corporate Governance module at Coventry University Law School, which was delivered by Gabriella Margherito and Michael Knight-Robson that are two recognized experts in anti-financial crime compliance in the banking sector. The lecture, … Continue reading Compliance programs as a way to foster good corporate governance in the financial sector (video)
Prof. Vincenzo Ruggiero, who is Professor of Sociology at Middlesex University in London and author of several inspiring volumes focused on financial delinquency such as "The Crimes of the Economy," "Power and Crime," and "Dirty Money," contributes to today’s guest post: The 2007-2008 crash defied the ideology of market self-regulation, proving that the doctrines around … Continue reading Guest Post: Market ideology and financial crime
Dr Alison Lui, Reader in Corporate and Financial Law at Liverpool John Moores University, contributes to today’s guest post: “Just a castaway An island lost at sea Another lonely day With no one here but me More loneliness Than any man could bear Rescue me before I fall into despair” Whilst whistle-blowers such as Paul … Continue reading Guest Post: Message in a Bottle – A note to the financial regulators on whistle-blower protection
As Klaus Schwab noted in the Fourth Industrial Revolution paper: “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before”. The #AIFearFactor - the fears of … Continue reading A Case for The Responsible Use of Artificial Intelligence in Global Financial Services