The Law Relating to Financial Crime in the United Kingdom: 2nd Edition (Hardback) book cover

The Law Relating to Financial Crime in the United Kingdom

2nd Edition

By Karen Harrison, Nicholas Ryder

Routledge

260 pages

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pub: 2016-09-15
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Description

Outlining the different types of financial crime and their impact, this book is a user-friendly, up-to-date guide to the regulatory processes, systems and legislation which exist in the UK. Each chapter has a similar structure and covers individual financial crimes including money laundering, terrorist financing, fraud, insider dealing, market abuse, bribery and corruption and finally tax avoidance and evasion. Offences are summarized and their extent is evaluated using national and international documents. Detailed assessments of financial institutions and regulatory bodies are made and the achievements of these institutions are analysed. Sentencing and policy options for different financial crimes are included and suggestions are made as to how criminal proceeds might be recovered.

This second edition has been fully updated and includes a section on cybercrime and a new chapter on tax evasion. Case summaries have also been included in those chapters where a criminal justice route is used by the prosecuting authorities.

Reviews

'Students, academic lawyers and legal practitioners will welcome this excellent book. In the aftermath of the global financial crisis, attention continues to focus on the role played by financial crime. The subject is extremely fast-moving, and acknowledging the developing response to tax evasion, publication of the second edition is extremely timely.'

Jonathan Fisher QC, one of the UK’s leading barristers in financial crime cases

'This new book should whet the appetite of university students in the UK. It is serious ‘food for thought.’'

Sally Ramage, The Criminal Lawyer

Comments on 1st Edition:

'It is well-written, well-researched and academically stimulating; it is one of those rare texts which you could read in one go… a key text for anyone interested in the legal aspects of financial crime in the UK.'

Student Law Journal

'This book comprehensively and from a practical perspective addresses financial crime in this wider and more relevant context. It provides the reader with not only the substantive law, but sets it within the relevant regulatory and enforcement environment. This work is a vital tool for anyone concerned about protecting the integrity of their institution and bringing fraudsters to book!’

Barry Rider, Centre for International Documentation on Organised and Economic Crime (CIDOEC), UK

'This is a much needed and most timely book. Financial crime is a subject of increasing importance which can no longer be ignored. The authors have produced an excellent text addressing topics such as fraud, insider dealing and market abuse in a manner which combines thoroughness with accessibility. I unhesitatingly recommend the book to students as well as practitioners who are beginning to develop an interest in the subject.’

Jonathan Fisher QC, London School of Economics, UK

'Karen Harrison and Nicholas Ryder have made a major contribution to advancing our knowledge of this increasingly important area of law by providing excellent ideas and recommendations for the future. The authors are to be congratulated for their efforts and the book deserves to be widely read.’

Roman Tomasic, University of South Australia and Durham Law School, UK

Table of Contents

Chapter 1

Introduction

Introduction

What is financial crime?

The extent of financial crime

The importance of financial crime regulation

Contents review

Chapter 2

Money Laundering

Introduction

The money laundering process

What is the offence of money laundering?

The extent of money laundering

Policy background – where did the offence originate from

Financial institutions and regulatory bodies

Financial Intelligence

Sentencing and recovery

Future recommendations

Further reading

Chapter 3

Terrorist Financing

Introduction

What is the offence of terrorist financing?

The extent of terrorist financing

Policy background – where did the offence originate from

Financial institutions and regulatory bodies

Financial Intelligence

Sentencing and recovery

Future recommendations

Further reading

Chapter 4

Fraud

Introduction

What is the offence of fraud?

Fraud and Cybercrime

The extent of fraud

Policy background – where did the offence originate from

Financial institutions and regulatory bodies

Financial Intelligence

Sentencing and recovery

Future recommendations

Further reading

Chapter 5

Insider Dealing

Introduction

What is the offence of insider dealing?

The extent of insider dealing

Policy background

Financial institutions and regulatory bodies

Sentencing and recovery

Market manipulation

Future recommendations

Further reading

Chapter 6

Market Abuse

Introduction

What are the civil and criminal offences of market abuse?

The civil market abuse regime

Market Abuse Regulation

The extent of market abuse

Financial institutions and regulatory bodies

Reporting of Suspicious Transactions

Sentencing and recovery

Future recommendations

Further reading

Chapter 7

Bribery and Corruption

Introduction

What is the offence of bribery?

The extent of Bribery

Policy background

Financial institutions and regulatory bodies

Financial Intelligence

Sentencing and recovery

Future recommendations

Further reading

Chapter 8

The Avoidance and Evasion of Tax

Introduction

What are the offences?

The extent of tax evasion

Policy background

Financial institutions and regulatory bodies

Sentencing and recovery

Future recommendations

Further reading

Chapter 9

Conclusions and Recommendations

Introduction

Money Laundering

Terrorist Financing

Fraud

Insider Dealing

Market Abuse

Bribery and Corruption

Tax Evasion/Avoidance

Final thoughts

About the Authors

Karen Harrison is Senior Lecturer in Law at the University of Hull. Her teaching and research interests focus on criminal law, penology and the sentencing and management of dangerous offenders. She has published extensively across these topics.

Nicholas Ryder is Professor in Financial Crime at Bristol Law School, University of the West of England, Bristol. He teaches and researches in the areas of commercial law, financial crime, and credit unions. He has published widely on these and related areas.

About the Series

The Law of Financial Crime

While a growing number of high profile financial crime cases have hit the headlines recently the topic of financial crime is also generating much attention amongst academics and practitioners. This series will be the first to be dedicated to the law of financial, or economic, crime and offers a platform for important and original research in this area.  

Books in the series will cover traditional subjects of financial crime including money laundering, terrorist financing, fraud, market abuse, insider dealing, market manipulation, tax evasion, bribery and corruption. But broader legal and regulatory issues will also be covered as well as emerging areas of concern such as the risks to stability of the financial system posed by financial crime. Emphasis will be placed on comparative approaches to the subject considering legislation across a number of jurisdictions as well as international regulations where appropriate, giving the series a truly global outlook. 

The titles in the series are primarily aimed at an audience of researchers, scholars and practitioners in the area but should also be of interest to policy makers, law enforcement agencies, financial regulatory agencies, as well as people employed within the financial services sector.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
LAW026000
LAW / Criminal Law / General