The Law Relating to Financial Crime in the United Kingdom

Karen Harrison is Senior Lecturer in Law at the University of Hull. Her teaching and research interests focus on criminal law, penology and the sentencing and management of dangerous offenders. She has published extensively across these topics. Nicholas Ryder is Professor in Financial Crime at Bristol Law School, University of the West of England, Bristol. He teaches and researches in the areas of commercial law, financial crime, and credit unions. He has published widely on these and related areas.

Chapter 1


Introduction


Introduction


What is financial crime?


The extent of financial crime


The importance of financial crime regulation


Contents review


Chapter 2


Money Laundering


Introduction


The money laundering process


What is the offence of money laundering?


The extent of money laundering


Policy background – where did the offence originate from


Financial institutions and regulatory bodies


Financial Intelligence


Sentencing and recovery


Future recommendations


Further reading


Chapter 3


Terrorist Financing


Introduction


What is the offence of terrorist financing?


The extent of terrorist financing


Policy background – where did the offence originate from


Financial institutions and regulatory bodies


Financial Intelligence


Sentencing and recovery


Future recommendations


Further reading


Chapter 4


Fraud


Introduction


What is the offence of fraud?


Fraud and Cybercrime


The extent of fraud


Policy background – where did the offence originate from


Financial institutions and regulatory bodies


Financial Intelligence


Sentencing and recovery


Future recommendations


Further reading


Chapter 5


Insider Dealing


Introduction


What is the offence of insider dealing?


The extent of insider dealing


Policy background


Financial institutions and regulatory bodies


Sentencing and recovery


Market manipulation


Future recommendations


Further reading


Chapter 6


Market Abuse


Introduction


What are the civil and criminal offences of market abuse?


The civil market abuse regime


Market Abuse Regulation


The extent of market abuse


Financial institutions and regulatory bodies


Reporting of Suspicious Transactions


Sentencing and recovery


Future recommendations


Further reading


Chapter 7


Bribery and Corruption


Introduction


What is the offence of bribery?


The extent of Bribery


Policy background


Financial institutions and regulatory bodies


Financial Intelligence


Sentencing and recovery


Future recommendations


Further reading


Chapter 8


The Avoidance and Evasion of Tax


Introduction


What are the offences?


The extent of tax evasion


Policy background


Financial institutions and regulatory bodies


Sentencing and recovery


Future recommendations


Further reading


Chapter 9


Conclusions and Recommendations


Introduction


Money Laundering


Terrorist Financing


Fraud


Insider Dealing


Market Abuse


Bribery and Corruption


Tax Evasion/Avoidance


Final thoughts