Index
Fabian M. Teichmann
(Teichmann International AG, Switzerland)
Bruno S. Sergi
(Harvard University, USA, and University of Messina, Italy)
Compliance in Multinational Corporations
ISBN: 978-1-78756-870-9, eISBN: 978-1-78756-867-9
Publication date: 15 October 2018
This content is currently only available as a PDF
Citation
Teichmann, F.M. and Sergi, B.S. (2018), "Index", Compliance in Multinational Corporations, Emerald Publishing Limited, Leeds, pp. 133-140. https://doi.org/10.1108/978-1-78756-867-920181007
Publisher
:Emerald Publishing Limited
Copyright © 2018 Emerald Publishing Limited
INDEX
Afghanistan
military campaigns in
, 72
terrorism financing
, 72
Africa, bribery and corruption in
, 2, 6, 12
Agents–principals relationship
, 5–6
Al-Qaida
, 80
Antiquities sector, money laundering in
, 40
compliance officers’ perceptions
, 63–64
concrete steps
, 61–62
general suitability
, 60–61
risks
, 62–63
Anti-Terrorist Financing standards
, 95
Asia, bribery and corruption in
, 6
Assets
splitting and pooling
, 108
transfer of
, 78–80
Austria
banking system money laundering
, 39
consulting firms money laundering
, 49
terrorism financing
, 71, 73, 75, 97, 98
Bank accounts, terrorism financing
, 79–80
Banking system
money laundering in
, 37–39
for terrorism financing, general suitability of
, 85–86
Bitcoin
, 74, 75, 79, 90, 92
Bribery
causes of
, 5–7
defined
, 11–12
legal environment against
, 9–15
methods
, 22–23
potential solutions to
, 24–26
practical implications of
, 127–131
practices and challenges to
, 1–26
threats
, 10
see also individual entries
British Virgin Islands
banking system money laundering
, 38
real estate money laundering
, 58
Cash couriers
, 74, 80
Cash deposit boxes
, 112–113
Central Commission for Discipline Inspection
, 18
China
legislation against corruption
, 18
whistle-blowing systems
, 118
Commission payments
, 51
Compliance
departments, effective political tools or unnecessary challenges for
, 105–113
funding to terrorism activities
, 81–83
mechanisms
, 16–22
Compliance officers
perceptions
of antiquities money laundering
, 63–64
of real estate money laundering
, 59–60
suggestions to analyzing money laundering
, 65
Confucianism
, 118
Consulting firms
circumventing sanctions
, 111–112
money laundering in
, 39–40
concrete steps
, 49–52
detection risks
, 53–54
general suitability
, 47–49
resources
, 52–53
Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery Convention)
, 9–15
Article
, 1, 11
Corruption
causes of
, 5–7
costs of
, 7–9
defined
, 15
grand
, 1, 12
legal environment against
, 9–15
petty
, 1, 12, 23
political
, 12
potential solutions to
, 24–26
practical implications of
, 127–131
practices and challenges to
, 1–26
see also individual entries
Corruption Perceptions Index
, 2, 6, 19
Costs of corruption
, 7–9
Cross-border transactions, terrorism financing
, 79
Cryptocurrencies
, 74, 75, 80, 90–93
concrete steps
, 91–92
general suitability
, 90–91
risks of
, 92–93
Daimler AG
, 19
Dodd-Frank Act
, 130
Dubai
banking system money laundering
, 38
real estate money laundering
, 56
Due diligence
, 131
Eastern Europe
bribery and corruption in
, 6
consulting firms money laundering
, 39, 40
political reforms in
, 17
sanctions and embargos
, 111
Embargo Act
, 106
Embargos
, 105–113
cash deposit boxes
, 112–113
consulting firms
, 111–112
history of
, 106
methods of circumventing
, 107
multiple jurisdictions
, 108–109
offshore bank accounts
, 110
plausibility
, 109
splitting and pooling assets
, 108
strawmen
, 107–108
Ernst & Young
, 2
Ethical standards
, 18–19
EU Commissioner for Home Affairs
, 3
Europe, bribery and corruption in
, 2
e-wallet
, 91–92
Ex post transaction analysis
, 44
Facilitation payments
, 1
False Claims Act
, 122–123
Financial Action Task Force (FATF)
, 32, 33, 74, 106
Financial institutions, suggestions to analyzing money laundering
, 64–65
Financial regulators, suggestions to analyzing money laundering
, 64
Financial war against terrorism
, 72
Financing, terrorism see Terrorism financing
Foreign Corrupt Practices Act of 1977 (United States)
, 17
Funding to terrorism activities
, 77–86
compliance
, 81–83
intelligent weaknesses
, 81–83
low enforcement
, 81–83
potential solutions
, 83–86
traits of terrorism financers
, 80–81
transfer of assets
, 78–80
G7
, 32
Germany
banking system money laundering
, 39
consulting firms money laundering
, 49
facilitation payments
, 1
terrorism financing
, 71, 73, 75, 84, 87, 97, 98
Grand corruption
, 1, 12
Guidelines for Managing Conflicts of Interest in the Public Sector
, 9
Hawala bankers
, 74, 80
Hawala networks
, 71–72
concrete methods
, 94–95
general suitability of
, 93–96
limiting risks
, 95–96
potential solutions
, 96–98
for terrorism financing, general suitability of
, 93–98
Hawala service providers
, 69
Hong Kong
banking system money laundering
, 39
consulting firms money laundering
, 49
Incentive system, anti-bribery
, 24–26, 122–123
India
bribery and corruption in
, 2, 4
women’s leadership in
, 4
International Convention for the Suppression of the Financing of Terrorism
, 71
Investigative Committee of Russia
, 18
Iraq, military campaigns in
, 72
Islamic State
, 80, 85, 92
Jewellery sector, money laundering in
, 45–47
Kazakhstan
consulting firms money laundering
, 51
Know Your Customers
, 43, 131
Latvia
consulting firms money laundering
, 51
Legal enforcement of money laundering
, 33
Legal environment, against bribery and corruption
, 9–15
Legal lobbying, distinction between
, 13–14
Legislative corruption
, 12
Liechtenstein
banking system money laundering
, 38, 39
consulting firms money laundering
, 49
real estate money laundering
, 56
terrorism financing
, 71, 73, 75, 97, 98
Low enforcement, funding to terrorism activities
, 81–83
Managers, risks and implications for
terrorism financing
, 74–75
whistle-blowing
, 123–125
Mexico
bribery and corruption in
, 18
consulting firms money laundering
, 51
Middle East
bribery and corruption in
, 2
Millennium Development Goals
water and sanitation
, 3
Mobile payment services, terrorism financing
, 79
Moldova, bribery and corruption in
, 18
Money launderers
, 31–65
Money laundering
, 31–65, 105
antiquities
, 40, 60–63
banking system
, 37–39
compliance officers, suggestions for
, 65
consulting firms
, 39–40, 47–54
financial institutions, suggestions for
, 64–65
financial regulators, suggestions for
, 64
general statements
, 36–41
history of
, 33
legal enforcement of
, 33
methods of
, 34
quantitative results
, 41–47
real estate
, 40–41, 54–60
research approach
, 34–36
Money transfer services, terrorism financing
, 74, 79
Money transfer to offshore accounts
, 23, 43
Multiple jurisdictions
, 108–109
National Supervision Commission
, 18
Non-regulated sectors, terrorism financing
, 79
Occupational fraud
, 5, 19
Official websites, money laundering in
, 50
Offshore bank accounts
, 110
Organisation for Economic Co-operation and Development (OECD)
Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention)
, 9–15
Panama
banking system money laundering
, 38
consulting firms money laundering
, 49
real estate money laundering
, 56
Pay brines
, 23
Petty corruption
, 1, 12, 23
Plausibility
, 23, 36, 38–40, 44–46, 50–52, 54, 57, 58, 63, 70, 80, 87, 88, 94, 96, 98, 109
Political corruption
, 12, 13
Political reforms, corruption eradication through
, 17, 18
Principals–agents relationship
, 5–6
Principles for Managing Ethics in the Public Service
, 9
Professional secrecy
, 84–85
Property renovation costs
, 56–57
Public officials’ salaries, and corruption
, 7
Public sector institutions corruption in
, 3
Real estate, money laundering in
, 40–41
compliance officers’ perceptions
, 59–60
concrete steps
, 55–57
detection risks
, 58–59
general suitability
, 54–55
Reputational damage
, 16
Resolution 54/109
, 71
Retaliation
, 119
Risks
of antiquities sector money laundering
, 62–63
of consulting firms money laundering
, 53–54
of cryptocurrencies
, 92–93
of hawala networks, limiting
, 95–96
of real estate money laundering
, 58–59
of terrorism financing, limiting
, 89
Russia
consulting firms money laundering
, 51
legislation against corruption
, 18
women’s leadership in
, 4
Sanctions
, 105–113
cash deposit boxes
, 112–113
consulting firms
, 111–112
history of
, 106
methods of circumventing
, 107
multiple jurisdictions
, 108–109
offshore bank accounts
, 110
plausibility
, 109
splitting and pooling assets
, 108
strawmen
, 107–108
Secret online remote searches
, 83
Self-regulating market approach
, 17
Siemens AG
, 19
Singapore
banking system money laundering
, 38
Somalia, terrorism financing in
, 72
Strawmen
, 31, 36, 38, 39, 42–44, 50, 53, 55, 107–108
Switzerland
anti-bribery laws
, 16
antiquities money laundering
, 60, 61
banking system money laundering
, 38–39
consulting firms money laundering
, 49
Embargo Act
, 106
hawala networks
, 94
real estate money laundering
, 55
sanctions and embargos
, 111
Swiss Code of Criminal Procedure
Chapter 285a
, 96
Swiss Criminal Code
Article 260quinquies
, 71
Article 305bis
, 33
terrorism financing
, 72, 73, 75, 88, 97, 98
Syria
antiquities money laundering
, 61
hawala networks
, 94
terrorism financing
, 70, 84–86
Tax authorities
, 54
Taxes and corruption, distinction between
, 13–14
Terrorism financers
, 34, 44, 45–46, 53, 61–65
traits of
, 80–81
Terrorism financing
, 32, 44–46, 48, 51–53, 60, 63–64, 69–99
concrete methods
, 86–89
corporations and managers, risks and implications for
, 74–75
cryptocurrencies
, 90–93
funding
, 77–83
hawala networks, general suitability of
, 93–96
history of
, 72–74
methods of
, 75–77
potential solutions of
, 83–86, 96–98
Traits of terrorism financers
, 80–81
Transfer of assets
, 78–80
Transparency International
, 1, 10, 12, 13, 15, 19
Corruption Perceptions Index
, 2, 19
Turkey, terrorism financing in
, 84–88
UBS AG
, 19
Ukraine
bribery and corruption in
, 18
consulting firms money laundering
, 51
women’s leadership in
, 4
United Arab Emirates
banking system money laundering
, 38, 39
consulting firms money laundering
, 49
United Kingdom
consulting firms money laundering
, 49
United Nations (UN)
Millennium Development Goal
, 3
United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances
Article
, 3, 33
United States
Dodd-Frank Act
, 130
False Claims Act
, 122–123
Foreign Corrupt Practices Act of
, 1977, 17
Whistle-blowing
, 12–13, 115–125
corporations and managers, risks and implications for
, 123–125
obstacles to
, 118–121
potential solutions
, 121–123
WiFi-networks
, 92, 93
Women’s leadership, and corruption
, 4
- Prelims
- Chapter 1 Bribery and Corruption Today: Practices and Challenges
- Chapter 2 Money Laundering: Challenges and Solutions
- Chapter 3 How Multinational Corporations Become Trapped in Terrorism Financing
- Chapter 4 Sanctions and Embargos: Effective Political Tools or Unnecessary Challenges for Compliance Departments?
- Chapter 5 Whistle-Blowing in Corporations
- Chapter 6 Conclusions and Practical Implications
- Index