IMRO's disciplinary action against Jardine Fleming in the summer of 1996 demonstrated the problems and dangers associated with the operation and control of delegates, particularly those located in remote jurisdictions. The author, who is Head of Investigations at IMRO, explores the issues that...

The ABI code of practice for the selling of general insurance was first introduced in 1981 and has been refined over the years to meet the needs of consumers. It seeks to reflect the controls exercised over insurance brokers by virtue of the Insurance Brokers (Registration) Act 1977 and related...

The first Defendant, Scandex Capital Management A/S, (Scandex) was a Danish company, now in liquidation, of which the second Defendant, Mr Bartholomew‐White was managing director and in which he held one third of the share capital. Scandex was incorporated in September 1995 and submitted an...

This application arose against the factual background of the ongoing litigation being brought by BCCI liquidators against the former auditors of the various BCCI companies. The defendants in that litigation are partners in Price Waterhouse and partners in Ernst & Whinney and the actions...

This polemical essay is an extended and more coherent version (what he would like to have said, rather than what he actually said) of the intervention made by the author at the 13th International Symposium on Economic Crime, held at the Guildhall, Cambridge, England on 13th September, 1995. It...

In the wake of substantial losses suffered by derivatives dealers and end users in recent years, questions are being raised about the type of regulatory structure needed to monitor and control the use of derivatives. Financial institutions believe that the issue can be resolved by tighter...

This paper gives information and clarification of the situation in the Netherlands concerning the implementation of the ISD, it also touches upon the Capital Adequacy Directive (CAD). The paper is based on a speech given to the Euroforum Conference 25th–26th September, 1995. At that time some...

There is much talk of ‘compliance culture’ and, latterly, ‘compliance ethos’ and it is generally assumed that this is a good thing, by definition. This paper suggests that the existence of a compliance culture is never in doubt — all firms have one, the question is what is its...