Organizing the finances for and the finances from transnational corporate bribery

Lord, Nicholas and Levi, Michael ORCID: https://orcid.org/0000-0003-2131-2882 2017. Organizing the finances for and the finances from transnational corporate bribery. European Journal of Criminology 14 (3) , pp. 365-389. 10.1177/1477370816661740

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Abstract

This article analyses the finances for and the finances from corporate bribery in international business transactions and how they are organized. Transnational corporate bribery involves non-criminal commercial enterprises that operate in licit markets but that use corrupt means to win or maintain business contracts in foreign jurisdictions. This article first considers what needs to be financed, how much finance is needed, and how the bribes can be generated and distributed. Second, the article considers the different forms of proceeds that emerge out of the bribery, how offenders must conceal the derivation of funds from these crimes while also retaining control over them, and how they must overcome particular obstacles. Finally, the article discusses responses to the proceeds of bribery and related anti-money laundering provisions, before analysing actual and potential mechanisms for intervening with the finances for and from transnational corporate corruption.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Social Sciences (Includes Criminology and Education)
Publisher:	SAGE Publications
ISSN:	1477-3708
Date of First Compliant Deposit:	31 October 2016
Date of Acceptance:	1 August 2016
Last Modified:	02 Dec 2024 03:30
URI:	https://orca.cardiff.ac.uk/id/eprint/95714

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