Business & Economics
World Banking World Fraud
Author: John Cruz
Publisher: CreateSpace
ISBN: 146378659X
Category: Business & Economics
Page: 275
View: 392
From life as a young orphan to the American dream to a corporate nightmare of fraud and money laundering. John Cruz is a survivor. In his new book, World Banking World Fraud, Cruz describes his extraordinary rise from poverty to inside a world bank where he uncovered and documented the systemic fraud and money laundering that eventually led to his termination. Cruz first became aware of the fraud in 2009 when he was named vice president; senior business relationship manager (SBRM) over some of HSBC's highest producing branches on Long Island. There he learned that managers at HSBC were so effective because they were establishing fraudulent accounts. He discovered and documented multiple phantom businesses with active accounts but was explicitly told by management to forget what he saw. Cruz recently said of the fraud: What I realized quickly was that this wasn't a one-time thing, or the activities of a few people. What I found at HSBC was systemic and international, I wrote my book, World Banking World Fraud, because no company should be above the law, no matter how big it is or how much money it has.
Law
Banks: Fraud and Crime
Author: Joseph Norton
Publisher: CRC Press
ISBN: 9781317751816
Category: Law
Page: 500
View: 798
Banks: Fraud and Crime explores the main issues which arise in bank fraud world-wide and looks at the possible options available for corrective action. A series of leading commentators examine the basic nature of bank fraud and financial crime, comparing the legal and regulatory framework in England to those in place in the USA and elsewhere. Banks: Fraud and Crime also takes a detailed look at the core issue of money laundering at a national, regional and international level as well as considering the many other complex issues arising from bank fraud and financial crime.
Political Science
Common Goods and Evils?
Author: Anja P. Jakobi
Publisher: OUP Oxford
ISBN: 9780191662119
Category: Political Science
Page: 336
View: 465
Global crime governance has emerged as an important component of world politics. It is manifested in national and international agendas, the proliferation of global regulations, growing international budgets, and the enlarged mandates of international organizations. As a result, the definition and prosecution of crime is now increasingly homogenous, but it also shows variance: some crime policies are institutionalized coherently or attached to strong international organizations, while others are weak or dispersed across different forums. Based on sociological institutionalism, this book examines questions of structural variance in the institutional design of global governance. It shows that the interplay of strong actors and rationalization principles lead to more coherent forms of global crime governance, while normative arguments related to crime are more likely to result in fragmented forms. In consequence — and contrary to many scholars' assumptions — global crime governance is strongest in those areas that are least attached to moral statements. The book develops a theory of society and applies this framework to explaining the sources and consequences of institutional design. Drawing on qualitative and quantitative methods, the text analyzes the origins of global regulations, how they are disseminated, and why differences exist. The role of the United States in creating global rules and disseminating them is emphasized. Readers interested in international relations, global governance, globalization studies, world society studies, and criminology will benefit from the theoretical and empirical results of this book.Fraud and Embezzlement
Author: Bob Walsh
Publisher: Createspace Independent Publishing Platform
ISBN: 1534600124
Category:
Page: 146
View: 260
This book serves as a practical guide for all financial, compliance and audit staff by providing a thorough description of fraud and embezzlement including a detailed review of the complex world of money laundering. Topics include: acts of fraud, management fraud, danger signs of embezzlement, detecting fraud, preventive measures and more. The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. He is convinced that providing AML/KYC audit and compliance staff with a better understanding of how fraud and embezzlement functions can dramatically improve compliance and audit results. This book is one of several AML compliance books written by Bob Walsh including a special series of guides prepared specifically for AML auditors. In addition, he has published books that describe the functions and inner workings of key financial services. The information presented was compiled from his decades of hands-on experience in the banking and financial industry working with major domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and leading AML/KYC consulting agencies on some of the more notorious cases in banking history.
Political Science
Beyond the Global Capitalist Crisis
Author: Berch Berberoglu
Publisher: Routledge
ISBN: 9781317174554
Category: Political Science
Page: 218
View: 330
The deep economic recession that has occurred in all major sectors of the U.S. and global economy is a manifestation of the underlying contradictions of the capitalist system that has resulted in the accumulation of vast fortunes on one side and impoverishment, debt, and destitution on the other. In short, the crisis of global capitalism is the result of the immense disparities in wealth and income and a consequent widening gap between capital and labor. This ground-breaking book brings together a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, with all its fundamental internal dynamics and contradictions operating on a world scale. It will make an important contribution to understanding the underlying causes of the current global economic crisis and show the way out of this crisis by way of a powerful critique of the global capitalist system that will ultimately go through a major economic, political, and social transformation. Analysis of the global capitalist crisis raises questions regarding the process of capitalist globalization, especially now that neoliberal economic policies have failed. Does this signal the end of capitalist globalization and the collapse of the global capitalist system? This book will take up these questions and entertain the possibility of a new beginning in the global political economy through an analysis of the next period of post-capitalist developments worldwide that may set the stage for the rise of socialism across the globe.
True Crime
Dirty Dealing
Author: Peter Lilley
Publisher: Kogan Page Publishers
ISBN: 9780749448752
Category: True Crime
Page: 240
View: 849
Highly organised gangs, from the Italian Mafia to the Japanese Yakuza, infiltrate every corner of the globe: and money laundering is at the heart of their business. Dirty Dealing exposes the awesome scale and scope of global money laundering and its filtration into the world's legitimate business structures. Leading expert Peter Lilley reveals how the money is obtained, how it is "washed", and how organizations can detect and prevent money laundering. Highly topical, this fully revised and updated edition provides thorough examination on the funding of terrorism. Packed with incredible stories, shocking facts and telling detail, Dirty Dealing brings home the global scale of crime. Invaluable appendixes provide a country-by-country guide to specific local issues, types of crime and legislation, and a directory of websites offering further information on money laundering and related issues.
Business & Economics
The Truth About Investment Scams
Author: Steve Weisman
Publisher: Pearson Education
ISBN: 9780132657839
Category: Business & Economics
Page: 20
View: 468
This Element is an excerpt from The Truth About Avoiding Scams (9780132333856) by Steve Weisman. Available in print and digital formats. 10 huge financial rip-offs: how to recognize and avoid them! We’ve all received emails that contained glowing recommendations of a particular stock--or perhaps you’ve learned on an Internet forum about a particular “steal” of a stock that’s about to take off. Or maybe you even received an email intended for someone else giving you “inside” information. Just ask Martha Stewart. It’s not a good thing....
History
Rogue Banking
Author: M. Hollow
Publisher: Springer
ISBN: 9781137360540
Category: History
Page: 105
View: 664
Since the turn of the millennium, the British media has been awash with stories of bankers and financiers caught engaging in acts of corporate wrongdoing and financial skullduggery. But just how different are these crimes to those committed in the past? And, is the threat of financial fraud greater today than in bygone years? In this book, Matthew Hollow begins answering these questions by providing an in-depth historical overview of some of the most significant frauds that took place in the British financial sector between 1919 and 1939. Using extensive archival evidence, he reveals the variety of tactics that were employed by interwar fraudsters to conceal their underhand transactions and dupe the British public into handing over their money. He goes on to explore the different factors that motivated these fraudsters many of whom had previously had blemish-free records to engage in these acts of deception and deceit. Rogue Banking is a unique resource for history and finance researchers and students, both in the UK and around the world, who are interested in questions relating to corporate fraud and white-collar crime. This book's interdisciplinary approach also makes it an accessible and informative tool for professionals in accountancy, management and criminology.
Business & Economics
One Big Fib
Author: Owen Platt
Publisher: iUniverse
ISBN: 9781462096213
Category: Business & Economics
Page: 230
View: 428
The First International Bank of Grenada will go down in history as one of the biggest banking swindles of all time. Aided and abetted by a corrupt government, Van Brink and his satraps lured hundreds of innocent investors to place their savings in a bank he claimed "had a vision." With evangelical zeal he preached the gospel of his bank, playing upon the religious and charitable aspect but also promising outlandish returns on investments. From Oregon to Nauru, to Grenada, to Uganda, Van Brink left a trail of financial misery behind him. One Big Fib is essential reading for anyone with an interest in the shady world of offshore banking.
Business & Economics
Bank Risk Management in Developing Economies
Author: Leonard Onyiriuba
Publisher: Academic Press
ISBN: 9780128093597
Category: Business & Economics
Page: 668
View: 688
Bank Risk Management in Developing Economies: Addressing the Unique Challenges of Domestic Banks provides an up-to-date resource on how domestically-based banks in emerging economies can provide financial services for all economic sectors while also contributing to national economic development policies. Because these types of bank are often exposed to risky sectors, they are usually set apart from foreign subsidiaries, and thus need risk models that foreign-based banks do not address. This book is the first to identify these needs, proposing solutions through the use of case studies and analyses that illustrate how developing economic banking crises are often rooted in managing composite risks. The book represents a departure from classical literature that focuses on assets, liabilities, and balance sheet management, by which developing economy banks, like their counterparts elsewhere, have not fared well. Contains fifty cases that reinforce risk management best practices Provides a consistent chapter format that includes abstract, keywords, learning focus, and outcomes Summaries, questions, and glossaries conclude each chapter
Business & Economics
Open Research Problems in Network Security
Author: Jan Camenisch
Publisher: Springer Science & Business Media
ISBN: 9783642192272
Category: Business & Economics
Page: 178
View: 543
This book constitutes the refereed post-conference proceedings of the IFIP WG 11.4 International Workshop, iNetSec 2010, held in Sofia, Bulgaria, in March 2010. The 14 revised full papers presented together with an invited talk were carefully reviewed and selected during two rounds of refereeing. The papers are organized in topical sections on scheduling, adversaries, protecting resources, secure processes, and security for clouds.
True Crime
Money Laundering and Terrorism Financing in Global Financial Systems
Author: Rafay, Abdul
Publisher: IGI Global
ISBN: 9781799887607
Category: True Crime
Page: 374
View: 833
During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.