We examine how cybercrime impacts victims' risk-taking and returns. The results from our difference-in-differences analysis of a sample of victim and matched non-victim investors on the Ethereum blockchain are in line with prospect theory and suggests that victims increase their long-term total...

Shell companies can be a legitimate entity but can also been used for illicit activities such as money laundering. Users of shell companies have included illegal arms dealers, drug cartels, terrorists and cyber-criminals, as well as legitimate businesses. To assist in distinguishing between...

It is well-known that failing to achieve key organizational goals may pressure managers to commit fraud, but can it be a facilitating factor in cartel formation as well? The purpose of this study is to understand if firms known to have been in a cartel were under financial stress in the period...

It is well-known that failing to achieve key organizational goals may pressure managers to commit fraud, but can it be a facilitating factor in cartel formation as well? The purpose of this study is to understand if firms known to have been in a cartel were under financial stress in the period...

Our investigation examined the impact of ESG (Environmental, Social, and Governance) activities on corporate financial distress. This research utilised data from companies listed in the FTSE All-Share index from 2014 to 2022 from the Refinitiv EIKON database. We incorporated year- and...

We develop a model of Ponzi schemes with asymmetric information to study Ponzi frauds. A long-lived agent offers to save on behalf of short-lived agents at a higher rate than they can earn themselves. The long-lived agent may genuinely have a superior savings technology, but may be an imposter...

The proliferation of cryptocurrency throughout society has led to widespread usage within criminal offending. Despite this, limited research has investigated fear of cryptocurrency-based victimization, or the role that financial or cryptocurrency literacy play in influencing such fears. This...

This study explores the perspectives of university students in South Africa on combating white-collar crime, extending beyond traditional whistleblowing approaches. Utilizing the Gioia methodology, this qualitative inquiry adopts an inductive approach to gather in-depth insights from...

The rise in the volume of Illicit Financial Flows (IFFs) across the world is triggering calls from the Global South to mitigate the deleterious consequences of both IFFs and tax abuse on their economies. Using a Third World Approaches to International Law lens, this article analyses the politics...

When paying with a payment instrument in fiat currency within the EU, the transaction is covered by the PSD2, which provides prudent protection for payers and their payment instruments. When the transaction is instead executed in bitcoin, an unbacked crypto-asset, the transaction is not covered...

The technological evolution has not only opened new frontiers but has also become an indispensable part of our daily lives. However, the technology that enhances our lives presents a dual reality-it offers opportunities for criminals while creating challenges for law enforcement. Fraud,...

Approximately sixty percent of German goods exports are transported via sea freight. The international shipping industry is dominated by firms registered in offshore centers with little transparency. Criminals feel invited to abuse these opaque constructions for laundering their illegally...

The pandemic has altered accounting education with the widespread adoption of remote evaluation platforms. We apply the lens of the fraud triangle to consider how the adoption of remote evaluation influences accounting students’ ethical values by measuring the incidence of cheating behavior as...

The infiltration of legal business structures by criminal networks poses profound risks to financial integrity, public safety and economic fairness. By blurring the lines between lawful and unlawful enterprises, these networks complicate efforts by authorities to detect and dismantle their...

Since 2022, the EU, Finland, France, Germany, and Sweden have joined up in a Team Europe Initiative to support Africa fight illicit financial flows and related transnational organised crime. To date, Africa's EU partners have raised more than EUR 450 million in more than 75 projects and...

Since 2022, the EU, Finland, France, Germany, and Sweden have joined up in a Team Europe Initiative to support Africa fight illicit financial flows and related transnational organised crime. To date, Africa's EU partners have raised more than EUR 450 million in more than 75 projects and...

Deferred prosecution agreements and similar arrangements are practiced in many countries when there is suspicion of corporate crime. It is an agreement based on a negotiation that permits the allegedly guilty party not to undergo a criminal trial if they avoid committing further wrongdoing for a...

This paper aims to examine the influence of controlling corruption, tax burden reduction, price stability and trade liberalization on trade-related illicit financial flows. The analysis focuses on a sample of 120 developing and emerging countries, drawn from data collected over the period...

This paper presents a meticulous bibliometric analysis of forensic accounting research conducted between 1991 and 2021, employing Scopus and VOSviewer. With a dataset comprising 232 documents, the study aims to scrutinize existing literature, identify influential authors, and discern the...

This scoping review systematically examines the definitions, challenges, and methodologies for estimating the illegal gambling market, spanning literature from 2000 to 2023. Given the clandestine nature of illegal gambling and its significant economic and social implications, understanding its...

This article examines the dynamics of relation fraud resulting in the murder of a grandparent by her grandson. While such instances are admittedly rare as forms of both murder and fraud more generally, this unique case nonetheless demonstrates that relation fraud resulting in murder is a...

This study examines the influence of fraud disclosure (FR_DISC) in annual reports on the financial stability of Takaful insurance (TKI) in Saudi Arabia over the period of 2014 to 2022. Moreover, the current study aims to explore the mediating impact of Shariah board size in shaping this...

Based on an international data set that comprises over 6,100 companies located in 44 countries in the years 2002-2018, this paper analyzes the relation between corporate scandals and board structures besides further firm-related, political, nation-level economic, and cultural variables. We...

Fraud is the most frequently experienced crime in the UK, yet significantly underreported. Despite its prevalence, understanding and addressing fraud remains challenging. This paper applies the interdisciplinary framework of 'wicked problems' to fraud, proposing a novel approach to categorise...

The strategies that online romance fraudsters employ may vary across different socioeconomic, cultural, and political contexts. Drawing on ethnographic interviews and observations of online romance fraudsters in Ghana, this paper develops a model that explains how African online romance...

Recent experience in civil litigation, particularly with opt-out class actions against corporations for competition law offences, has highlighted the efficiency of 'dual enforcement' as a strategy for fighting corporate crime. The success of the opt-out class action regime has resulted in...

The literature on the causes of corruption has been preoccupied with the corrupt individual or the socio-political and economic contexts in which corruption occurs. This has resulted in macro-level counter-corruption approaches that focus on the root causes of corruption. In the last few...

This article explores the novel and transformative role AI plays in enhancing corporate compliance and monitoring to mitigate corporate crime. It delves into how AI technologies, through advanced data analysis and predictive analytics, are revolutionizing the detection and prevention of...

A defendant in criminal court should only be convicted if guilt is proven by the prosecution beyond any reasonable doubt. That is the burden of proof. Any doubt emerging should benefit the defendant. In this perspective, evidence from police investigations is challenged by defense lawyers to...

This paper is concerned with the everyday economic crimes of ordinary people. Although dishonesty is a core characteristic of these offences, we are not aware of any prior research that examines the direct, relationship between dishonest attitude and economic crime. Based on a survey of the...

Reporting victimization to the police or one's bank is a crucial step for victims of fraud, but many victims of fraud do not acknowledge their experiences as constituting victimization. The study examines whether acknowledgement influences odds of reporting fraud to police and banks. Findings...

Illicit Financial Flows (IFF) - such as corruption and money laundering - have a significant negative impact on the enjoyment of human rights. Combating IFF is an integral part of the 2030 Agenda for Sustainable Development. SDG 16 explicitly promulgates the relation between the rule of law,...

Cyber-enabled fraud has transformed, becoming more complex and making it harder for targets and law enforcement to detect its occurrence. This study aims to recontextualize a major manifestation of this transformation, a crime called hybrid investment fraud, colloquially known as pig butchering....

This article conducts a comparative analysis of Italian and UK legislations concerning the infiltration of organised crime into the economy. Considering (among other things) the concerns about allegedly weakened cooperation between judicial authorities of Italy and the UK in a post-Brexit era,...

This article examines how mortgage fraud is organised in the United Kingdom, what the crime-commissioning processes are for its occurrence and what exogenous conditions and influences support its existence and its capacity to reproduce. The article aims to extend understanding beyond the...