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 55: The International Criminal Court and financial crime

Jessie Ingle

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


Convictions and indictments of genocide and crimes against humanity emanating from the International Criminal Court (ICC) seem, at first glance, decidedly removed from the realm of financial crime. However, upon closer look, the history and work of the ICC is replete with characteristics relating to financial crime. For instance, the modern form of the ICC was triggered by a proposal for a court to address the concerns of money laundering and transnational organised crime. Further, there exist often-overlooked financial aspects to the crimes currently within the jurisdiction of the ICC. This chapter will address the ways in which the ICC and financial crimes intertwine. Part 2 will address the history of the ICC with attention to the purposeful exclusion of financial crimes. Part 3 will examine proposals to expand the current jurisdiction of the ICC to encompass crimes such a bribery, corruption and terrorist financing. Part 4 will examine the financial aspects of the core crimes of the ICC. Part 5 will conclude. The current President of the International Criminal Tribunal for the Former Yugoslavia (ICTY) remarked in 1995 that: ‘The internationalization of criminal law, including the enforcement of its provisions, has assumed central importance. Not only do crimes against humanity, genocide and war crimes raise our indignation; we are deeply concerned about terrorism, drug trafficking, money laundering and white collar crime.’

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