Download the article in PDF format *** This article explores the adverse impacts of recent policy reforms under the current administration on Nigeria's economy, focusing particularly on the depreciation of the Naira. The fluctuation of Nigeria’s currency has exacerbated inflation, significantly raising the cost of living. The analysis highlights how irresponsible practices by commercial banks, … Continue reading The Naira Crisis and Irresponsible Corporate Behaviour in the Nigerian Financial Sector
Tag: banks
Accounting and Hegemony in Multinational Corporations
Download the article in PDF format *** This article illustrates Dr. Samar Riaz’s doctoral research on accounting's role in reinforcing and challenging hegemonic power structures. Using Nestlé as a case study in Pakistan, the author explores how traditional accounting practices consolidate elite power at the expense of society. They draw on Antonio Gramsci's concept of … Continue reading Accounting and Hegemony in Multinational Corporations
The Pandora Papers: Resisting Public Apathy and the Normalisation of Corrupt Practices
Download the article in PDF format *** Now the dust has somewhat had time to settle following the release of the Pandora Papers, it is possible to consider their impact and effect on the landscape of accountability and change, and more specifically, ask, what do we expect from such significant leaks and disclosures that expose … Continue reading The Pandora Papers: Resisting Public Apathy and the Normalisation of Corrupt Practices
Institutional Corruption and Avoidance of Taxation – VIRTEU Roundtable Session (Video)
Download the article in PDF format *** On the 12th of March 2021, it was held the fourth session of the VIRTEU Roundtable Discussion Series, which focused on "Institutional Corruption and Avoidance of Taxation". VIRTEU (Vat fraud: Interdisciplinary Research on Tax crimes in the European Union – Grant Agreement no: 878619) is a high profile … Continue reading Institutional Corruption and Avoidance of Taxation – VIRTEU Roundtable Session (Video)
The FinCEN Files: Leakers and Whistleblowers Combating Economic Crime
*** 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
Is Artificial Intelligence the future of Anti-Financial 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?
Compliance programs as a way to foster good corporate governance in the financial sector (video)
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)
Guest Post: Market ideology and financial crime
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