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 35: Corruption and public policy in post-conflict states

Matthew Glanville

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


Corruption in international development is a hot topic. Newspapers fulminate about it and politicians legislate against it, often with little direct impact. Within developing or post-conflict states the same level of public condemnation exists, but the practices on the ground are often far subtler and more nuanced than public discourse and Western media attention might allow. Unpleasant as it may seem in fragile states, corruption can be a necessary tool of state building alongside traditional aid and development programmes. There are a series of analytical frameworks that stress different elements of corruption depending on the local environment, but broadly speaking the different definitions all coalesce around a rather simplified view of corruption as always a barrier to state development. There is a related tendency in Western humanitarian policy to assume that further international laws, conventions and commissions will help to address the problems of corruption in developing or post-conflict states. As discussed in Chapter 33 of this handbook, there are considerable limitations on the practical effect of these international agreements on domestic jurisdictions, but the wider international agreements do serve to highlight the issue of corruption. Whilst such international effort may make a difference to the international perception of corruption issues, the more practical concerns raised by various chapters in this handbook are more likely to have an effect on corruption within fragile states. The key focus should be on understanding the specific context of the individual country and situation.

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