Research Handbook on International Financial Crime
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Research Handbook on International Financial Crime

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.
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Chapter 56: Offshore issues in policing financial crime

John L. Masters


Issues and barriers regarding policing financial crime in offshore jurisdictions are at the core no different to those of non-offshore jurisdictions: they involve the delicate balancing of politics, resolve and law. The utility of this chapter in a handbook on financial crime dictates that, whilst formally acknowledging that there is always the underlying current of politics and resolve, focus must primarily be on the law. Whilst a handbook is designed to be practical, the usual formality that comes with academic publication has to be relaxed to a degree. Due to the nature and sensitivity of issues to be covered in this chapter, it will not be possible to provide citations for every proposition or assertion and the reader has to take a leap of faith in accepting the writer’s experience and reliability of source of information. Undoubtedly many readers will be able to relate such anecdotal evidence to their personal experiences. At the end of the day, it would have been a greater disservice not to have included the uncited examples. The title of this chapter reflects and to an extent encourages an “us and them” mentality. What does “offshore” mean? A person in the United Kingdom or the United States of America may conjure up a John Grisham style scenario of a tropical island in the Caribbean designed primarily to hide the illicit funds from crimes committed on home soil.

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