Table of Contents

Research Handbook on International Financial Crime

Research Handbook on International Financial Crime

Research Handbooks in Financial Law series

Edited by Barry Rider

A significant proportion of serious crime is economically motivated. Almost all financial crimes will be either motivated by greed, or the desire to cover up misconduct. This Handbook addresses financial crimes such as fraud, corruption and money laundering, and highlights both the risks presented by these crimes, as well as their impact on the economy. The contributors cover the practical issues on the topic on a transnational level, both in terms of the crimes and the steps taken to control them. They place an emphasis on the prevention, disruption and control of financial crime. They discuss, in eight parts, the nature and characteristics of economic and financial crime, the enterprise of crime, business crime, the financial sector at risk, fraud, corruption, the proceeds of financial and economic crime, and enforcement and control.

Chapter 33: Corruption and international development assistance

Ingrida Kerusauskaite

Subjects: economics and finance, financial economics and regulation, law - academic, corruption and economic crime, finance and banking law


Corruption has been increasingly gaining attention in the sphere of international development. The phenomenon is being linked to a wide range of other developmental issues, including undermining democratic institutions, slowing economic development, contributing to government instability, poverty and inequality, among others. For example, the foreword to the text of the United Nations Convention against Corruption (UNCAC) refers to the phenomenon as ‘an insidious plague that has a wide range of corrosive effects on societies’, further stating that corruption ‘is a key element in economic underperformance and a major obstacle to poverty alleviation and development’. As such, corruption has become not only an issue dealt with by justice and law enforcement institutions, but also organisations delivering international development assistance as well as government departments for international development. This chapter will address the effectiveness of two approaches to tackling corruption adopted by the aforementioned organisations: international legal and overseas development assistance (ODA) efforts to fight corruption. First of all, it is important to clearly define the phenomenon that is to be addressed and concentrate efforts to tackle it, as the resources at the disposal of organisations working in international development are inevitably limited and, if spread too thinly, risk failing to achieve significant results (in turn potentially resulting in donor fatigue).

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information