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 52: Disruption of crime and the use of intelligence

David Johnston

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


Far-reaching changes need to be made in the way law enforcement agencies access intelligence and disrupt crime because cyberspace means that the traditional approach that has served so well for more than 40 years is no longer fit for purpose. Since the early 1970s, ‘intelligence led policing’ and Problem Oriented Policing (POP) have provided the model for tackling criminality in most western countries. The problem is that these models rely on the localized nature of the relationship between the victim, the location and the offender. The development of the internet and the ability of criminals to commit crime from great distances, often beyond the jurisdiction of the victim and local law enforcement agencies, are testing the traditional model of combating crime. This development has major implications for the way law enforcement agencies address all types of environmental and situational crime including economic crime. The growing reliance by society on the ‘internet of things’ world is arguably having a greater impact on less tangible concepts like economic crime than on ‘real world’ property or location crimes such as robbery or burglary. Moreover, the increased societal use of the internet has much wider implications that significantly challenge sovereign nations and governments as their laws prove to be inadequate for making timely interventions against criminals or for allowing disruption to their activities online.

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