Purpose: The purpose of this study is to test whether the price traders are prepared to pay for Bitcoin, over the market price, is related to a country’s level of corruption and lack of economic freedom, during Bitcoin’s most turbulent period, 2017-2018. Design/methodology/approach: Bitcoin...

Examines the involvement of the banking sector in money laundering over the last two decades, in particular the relationship between banks and money laundering when governments’ attitudes vary and change. Describes the design of the research, which uses multiple regression, Chow and dummy...

Shows how many US companies, which are increasingly multinational, are using offshore subsidiaries to reduce their tax liability; some are even moving their head offices abroad or “offshore”. Discusses what offshore financial centres are; key characteristics are low taxation, little...

Deals with the subject of US companies which relocate offshore to take advantage of the tax differentials between countries following globalisation. Focuses on Stanley Works, an established Connecticut manufacturer which in February 2002 announced that it would relocate its legal domicile to...

Purpose – To gauge the extent to which the global financial system is anti‐money laundering (AML)/countering the financing of terrorism (CFT) prepared by analysing and comparing the AML/CFT systems of Financial Action Task Force (FATF) members with countries belonging to regional AML...

The laundering of money appears to have reached almost epidemic proportions, due primarily to the increase in profit from the sale of illegal drugs; the growth of organised crime, particularly in Russia; the sale of oil outside of OPEC quotas; and the siphoning off of aid funds. The bulk of these...

Offshore financial centres (OFCs) have again come under the spotlight. They have been accused of aiding terrorists by laundering their financial resources, allowing the funding of terrorism to go undetected. Their role as tax havens have also been highlighted in the collapse of Enron, a company...

Describes how the Financial Action Task Force (FATF) has blacklisted countries which it believes provide laws and practices conducive to money laundering; this blacklisting queries the legitimacy of the country or jurisdiction and its right to conduct financial business in the global...

Outlines the Recommendations of the Financial Action Task Force (FATF) Anti‐Money Laundering Recommendations, which go well beyond the 1996 version: they are prescriptive and detailed, and they expand reporting bodies to many non‐financial businesses, focusing on the high‐risk areas of...