Criminal Capital: How the Finance Industry Facilitates Crime
- 5h 13m
- Stephen Platt
- Palgrave Macmillan Ltd
- 2015
In the first book to expose the role played by the international financial services industry in facilitating crime and laundering criminal property, one of the world's leading anti-financial crime specialists scrutinises the vulnerability of banks, brokerages, trust companies and investment funds to criminal abuse.
Discover:
- How the finance industry enables corruption, drug trafficking, terrorism, human trafficking, proliferation, piracy and tax evasion
- Why extreme and dangerous industry behaviour correlates with the risk taking that toppled the global economy in 2008
- What measures can be taken to prevent criminals compromising the legitimacy of the global financial system
Examining the role of the traditional power house financial centres as well as offshore centres and rapidly emerging international financial centres in the Middle East, Africa and Asia this highly informative book challenges the reader to consider whether following the 2008 crisis sufficient steps have been taken to address toxic behaviours in financial services or whether radical reform is needed.
About the Author
Stephen Platt is a highly respected practitioner in financial crime prevention and the conduct of related regulatory investigations. He is an English Barrister and an Adjunct Professor at Georgetown University in Washington D.C. Over the past twenty years he has been engaged in several high profile matters involving money laundering, corrupt public officials, drug trafficking, terrorism, piracy, proliferation, sanctions and fraud. Stephen has trained several national and supranational law enforcement agencies and regulatory agencies. He was co-opted by the World Bank to both the Stolen Asset Recovery Initiative (StAR) and the Illicit Financial Flows from Somalian Piracy study. Stephen consults for the regulatory investigations specialists, Stephen Platt & Associates LLP.
In this Book
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Harmful Practices
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Money Laundering Models
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Onshore/Offshore Dichotomy
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Drug Trafficking
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Bribery and Corruption
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Piracy
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Trafficking of Human Beings and Smuggling of Migrants
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Terrorism Financing
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Sanctions-Busting
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Tax Evasion/Avoidance
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Causes and Solutions
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Notes
