scholarly journals Bolstering Corporate Sector Partnership in the Fight against Financial Crimes in the Developing World: The Experience of West Africa

2014 ◽  
Vol 5 (1) ◽  
pp. 694-703
Author(s):  
Abdullahi Y Shehu
Keyword(s):  
International Standards ◽  
Strategic Partnership ◽  
Financial Crime ◽  
Corporate Sector ◽  
Public And Private ◽  
The Public ◽  
Terrorist Financing ◽  
Financial Crimes ◽  
The Stability ◽  
Collaborative Efforts

Financial crime threatens the credibility and efficiency of systems and the stability of countries. Countering it requires concerted and collaborative efforts and strategic partnership between the public and private sectors. This paper discusses the roles of the private sector and challenges of compliance with acceptable international standards against money laundering and terrorist financing. The paper suggests that most of challenges, especially with regard to the reporting of suspicious transactions have almost been overcome, yet, there other challenges that remain. It concludes by making recommendations to address those challenges and improving the efficiency of the financial system. 

AI, a Provenance or Solution for Financial Crime

2021 ◽  
Vol 7 (2) ◽  
pp. 1-5
Author(s):  
Suzan Dsouza ◽  
Houshang Habibniya ◽  
Rezart Demiraj
Keyword(s):  
Artificial Intelligence ◽  
Criminal Law ◽  
Financial Crime ◽  
Public And Private ◽  
The Public ◽  
Financial Crimes ◽  
Current Behavior

This article consists a review of the existing literature on artificial intelligence (AI) with respect to financial crimes. The purpose is to notify the unintentional bad impacts and intentional good impacts of AI applications in relation to financial crimes. This article has reinforced the discussions stating AI applications to be considered as a solution for financial crimes instead of being criticized as the cause for financial crime. The public and private sectors both need be alert with the unintentional harm caused by cybercrime. The current behavior of AI is considered as an accelerator or an antidote to financial crimes, specific to cybercrimes. It is advised to apply criminal law to control cybercrimes. However, holding the AI agents responsible is considered to be an inappropriate mechanism. Thus, AI systems are still not deemed to be capable of forming a proper legitimate system in order to curb the financial crimes.

scholarly journals Empowering Professional Competence and Moral Responsibility for Corporate Sustainability: Insights from Industry and University Strategic Alliance

2021 ◽  
Author(s):  
Miftachul Huda ◽  
Roslee Ahmad ◽  
Mohd Aderi Che Noh ◽  
Azmil Hashim ◽  
Mohd Hairy Ibrahim ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Moral Responsibility ◽  
Professional Competence ◽  
Corporate Sustainability ◽  
Strategic Partnership ◽  
Corporate Sector ◽  
Development Agenda ◽  
The Stability ◽  
Corporate Social

The stability of corporate sector is definitely related to the prominent firms’ conditions, where both inner and outer factor played a significant role in enhancing the value proportion in sustaining the existence. Although many was conducted in the outer part in the corporate sector, however, less attention was apparently being given to the internal point where professional and moral basis is needed for further exploration in giving insights into corporate sustainability. This chapter attempts to examine the insightful value of professional competence and moral responsibility to give the significant point in disseminating the enhancement of corporate sustainability. The literature review was carefully conducted from the referred articles: journals, books and conference proceedings on the related topic. The finding reveals that the insightful value of professional competence and moral responsibility in advancing the corporate sustainability could be achieved in particular point through industry and university alliance. The basis of this alliance of both could give insights into incorporating the particular model of strategic partnership along with the corporate social responsibility. Engaged through the higher education (HE) together with firm involvement, this aim refers to advance in achieving the quality balance on corporate social responsibility. As such, this study is expected to contribute in advancing the research development agenda on enhancing strategic partnership assigned between professional competences together with moral responsibility.

scholarly journals Combating economic and financial crimes in nigeria: the role of the forensic accountant

2020 ◽  
Vol 10 (4) ◽  
pp. 12-28
Author(s):  
Felix Ogbeiyulu Umanhonlen ◽  
Otakefe J.P ◽  
Killian Osikhenaogiedu
Keyword(s):  
Internal Control ◽  
Expert Witness ◽  
Future Research ◽  
Financial Crime ◽  
Public And Private ◽  
Forensic Accounting ◽  
Financial Crimes ◽  
Routine Basis ◽  
Expert’S Opinion

Economic and financial crime has been a clog in the wheel of progressand a majorproblem be devil economic prosperity and growth modelsof most nations of the world. Due to this government in some quarters have had the reason to set upinstitutions to unravel as well asdispels themenace. Despite this,fewer than much success mayhave been achieved by the respective anti-corruption agencies as a result of not identifying with therole of forensic accounting science in planning, investigating and representing expert witness/testimony on be fore law suit. This paper attempts toappraisethe role of forensic accountant in combating economic and financial crimes in Nigeria. The paper explored relevance components of economic and financial crimes and extensively discussed concepts of crime and criminality, corruption, white collar and cybercrimes. Specifically, the study reviews the historical antidotes of forensic accounting, emphasizes on the role of forensic accounting science in litigation and forensic accountantensuring economic and financial crime immersed. Moreso, the study identifies basis for future research, some potential crimes factors and forensic accounting science expert’s opinion in crime scene as well as reviewed prior studies and gap envisaged. Essentially, the study reviewed theoretical issues using qualitative approach thereby involving a survey of literature to decipher relevant issues. It there fore sought that forensic accounting serves the basis for investigation, expert witness testimonyand opinion of expert in lawsuit so as to unravel crimes, and reach resolution for recovering. However, concludes that there is need to involve and embrace accounting expert science in all facets of crime investigation in order to accelerate detections and ameliorate incidences of failed attempt on crime recovery related to economic and financial crimes. Therefore, propose that public and private sectors should engage, recruit and employservices of and/or stationed forensic accountant to review,strengthen, reappraises records and internal control on routine basis. Also to check incidences of crime perception as well as anti-corruption agencies saddled with the responsibilities of fighting economic and financial crimes to employ and adopt engagement of forensic accountant on regular basis among others for all-inclusiveness works of planning, investigating, detecting,and recovering.

Corruption and anti-corruption strategies in Iran

2020 ◽  
Vol 23 (1) ◽  
pp. 77-89
Author(s):  
Habeeb Abdulrauf Salihu ◽  
Amin Jafari
Keyword(s):  
Secondary Source ◽  
Public And Private ◽  
Content Type ◽  
The Public ◽  
Civil Society Organisations ◽  
Financial Crimes ◽  
Materials Used ◽  
Information Materials ◽  
Online Sources ◽  
Source Of Information

Purpose The purpose of this paper is to examine the various anti-corruption strategies used to fight economic and financial crimes in both the public and private sectors in Iran. Design/methodology/approach This paper relied essentially on a secondary source of information. Materials used were collected in an eclectic manner from published outlets such as journal publications, books, online sources and newspaper reports. Also, official documents and statutes were also used. This study’s scope is limited to issues and analysis relating to measures adopted to combat corruption in Iran. Findings The legal and institutional frameworks analysed indicated that Iran has a robust anti-corruption scheme. However, there is no adequate measure available to gauge the effectiveness of these measures. Practical implications The paper concludes that conventional anti-corruption methods are not enough to fight corruption in this present time, thus, the implementation of whistle-blower policy and allowing freedom of operation of the civil society organisations and media would assist in the fight against corruption in Iran. Originality/value The paper provides the legal and institutional anti-corruption frameworks in Iran. It explores the three major approaches or methods of combating corruption and other corrupt practices in Iran.

Benchmarking of human resources management

2008 ◽  
Vol 6 (2) ◽  
pp. 25-31 ◽  
Author(s):  
David M. Akinnusi
Keyword(s):  
Public Sector ◽  
Human Resources Management ◽  
Critical Evaluation ◽  
Strategic Partnership ◽  
Resources Management ◽  
The Public ◽  
Hrm Practices ◽  
Litmus Test ◽  
Collaborative Efforts

This paper reviews the role of human resource management (HRM) which, today, plays a strategic partnership role in management. The focus of the paper is on HRM in the public sector, where much hope rests on HRM as a means of transforming the public service and achieving much needed service delivery. However, a critical evaluation of HRM practices in the public sector reveals that these services leave much to be desired. The paper suggests the adoption of benchmarking as a process to revamp HRM in the public sector so that it is able to deliver on its promises. It describes the nature and process of benchmarking and highlights the inherent difficulties in applying benchmarking in HRM. It concludes with some suggestions for a plan of action. The process of identifying “best” practices in HRM requires the best collaborative efforts of HRM practitioners and academicians. If used creatively, benchmarking has the potential to bring about radical and positive changes in HRM in the public sector. The adoption of the benchmarking process is, in itself, a litmus test of the extent to which HRM in the public sector has grown professionally.

scholarly journals ‘We need to make sure that we are always something else’: Victim support organisations and the increasing responsibility of the state in supporting crime victims in Finland and Norway

2018 ◽  
Vol 25 (2) ◽  
pp. 157-179 ◽  
Author(s):  
Maija Helminen
Keyword(s):  
Support Services ◽  
Crime Victims ◽  
International Standards ◽  
Public And Private ◽  
The Public ◽  
Civil Society Organisations ◽  
Victim Support ◽  
International Obligations ◽  
New Challenges ◽  
Victims Of Crime

In response to international obligations many Western states have strengthened their responsibility for crime victims’ access to support services. This is also the case in Finland and Norway where this interview study explored the views of representatives from five key civil society organisations (CSOs) working with victims of crime in relation to the public sector’s increasing duty to organise victim support services. The findings indicate that despite the fact that improvements in victims’ access to support services were generally welcomed, there was a growing concern that the position of these traditional CSOs could – or already had – become challenged by the public and private organisations and other CSOs as new funding streams and mechanisms attract new players to the field. This had created a need to highlight the distinctiveness of these agents as CSOs working with victims of crime. This article argues that while international standards for victim support services have been a triumph for victim movements in many countries, their realisation in the present era of austerity and mixed welfare economies presents traditional victim support organisations with new challenges in retaining their ownership and distinctive ways of treating the problem of victimisation.

A Critical Assessment of the Enforcement Regime for Combatting Money Laundering in Nigeria

2020 ◽  
Vol 28 (1) ◽  
pp. 85-105
Author(s):  
Nelson E. Ojukwu-Ogba ◽  
Patrick C. Osode
Keyword(s):  
Economic Development ◽  
Public Sector ◽  
Money Laundering ◽  
Critical Assessment ◽  
African Countries ◽  
Public And Private ◽  
The Public ◽  
Financial Crimes ◽  
Socio Economic Development ◽  
The Government

The menace of corruption in public sector governance has remained an intractable challenge in most African countries. Since the reintroduction of civilian democracy in 1999 in Nigeria, the state has strived to entrench openness and transparency, which are indispensable to the attainment of rapid socio-economic development. The government has pursued the policy of eliminating corruption in the public and private sectors through the enactment or review of statutes aimed at the prevention of financial crimes, especially money laundering. This article assesses the effectiveness of the statutory instruments in realising the desired objectives of curbing money laundering and institutionalising transparency in Nigeria.

scholarly journals INTERNATIONAL STANDARDS ON COMBATING MONEY LAUNDERING AND CORRUPTION CRIMES: SOME ASPECTS OF INVESTIGATIONS

2020 ◽  
pp. 74-84
Author(s):  
Ganna Gorbenko ◽  
Keyword(s):  
International Law ◽  
Money Laundering ◽  
Research Methodology ◽  
Analytical Methods ◽  
International Standards ◽  
Financial Crime ◽  
Legal Research ◽  
Legal Requirements ◽  
Terrorist Financing ◽  
Foreign Law

The article analyzes international standards on combating money laundering and corruption crimes. The evolution of The FATF Standards, which have been revised to strengthen global safeguards and further protect the integrity of the financial system by providing governments with stronger tools to take action against financial crime, has been investigated. At the same time, these new standards address new priority areas such as corruption and tax crimes. The aim of the article is to compare international legal acts that regulate the field of anti-money laundering and anti-corruption. The research methodology: the functional and analytical methods of comparative legal research were used as the most appropriate. In comparison with AML/CFT law, the international legal requirements regarding anti-corruption compliance are very general. Many countries do not have laws and regulations on anti-corruption compliance. Companies develop their compliance programmes based on international law, foreign law that has transnational application. Certain provisions of the above-mentioned international legal acts, in addition to their scope, regulate the investigation of crimes related to money laundering, terrorist financing and corruption crimes. The main results: the implementation of international standards in national law in some way unifies the approaches to the investigation of complex crimes, which are often combined in a scheme, and allows the introduction of effective methods of investigating such crimes.

Convergence of Accounting Standards to International Standards and Earnings Management in Brazilian Companies

2019 ◽  
pp. 256-273
Author(s):  
Caio Eduardo Silva Mulatinho ◽  
Dimmitre Morant Vieira Gonçalves Pereira ◽  
José Augusto de Medeiros Monteiro ◽  
Laura Araújo Leal ◽  
Marcleide Maria Macêdo Pederneiras ◽  
...  
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Earnings Management ◽  
Accounting Standards ◽  
International Standards ◽  
Public And Private ◽  
Public Companies ◽  
Economic Agents ◽  
The Public ◽  
Accounting Convergence

This chapter sought to highlight the main challenges of the initial adoption of accounting standards converged to international standards applied to public companies and treasury-dependent companies and how the results of economic agents in public and private companies in Brazil are managed. Relevant legislation, norms, pronouncements, interpretations, and guidelines of competent bodies were analyzed through bibliographical and documentary research. The results demonstrated that between the two processes of accounting convergence to which such entities must submit, there are conflicts of terms and technical accounting procedures to assist these entities to the process of accounting convergence. Regarding earnings management, it was found that there is an earnings management in both sectors; however, the public sector reaches a high number of citizens, while the private sector is limited to stakeholders; however, both sectors, in some cases, multiplicity of components of the public sector, resembles the private sector.

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