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 48: Protecting the whistleblower

Anona Armstrong and Ronald D. Francis

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

Extract

Why is it that when we hear the term ‘whistleblower’ we are caught with mixed emotions? Is the whistleblower someone to admire? To be protected? Or someone being a nuisance? What is it about the term that stimulates this reaction? What does the term mean and what are the connotations that it raises? This chapter describes the origins of the meaning of whistleblower, some of the issues that raise those emotions, what legislation has been adopted to address how whistleblowers can be protected and concludes by arguing that the real protection for the whistleblower lies in building organisations that support systems that prevent crime and values that support an ethical culture. More than one origin is claimed for the term ‘whistleblower’. One account has its origin in the practice of English police officers who would blow their whistle when they noticed the commission of a crime. The whistle would alert other law enforcement officers and the general public of danger. Its contemporary use has been attributed to Ralph Nader who, in a 1971 conference presentation and subsequently in book form, applied the term to the person who disclosed information about defects in the automobile industry. Since then, whistleblowing has regularly been applied in the news media to reports of wrongdoing, mostly of illegal, immoral or illegitimate practices. They provide many of our more sensational news stories. There are many examples.

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