Organising the finances for and the finances from transnational corporate bribery

Research output: Contribution to conferenceOther

Abstract

This article analyses the finances for and the finances from corporate bribery in international business transactions and how they are organised. 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, in order for foreign bribery to take place. 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 and problems. Finally, in a shift towards situational prevention and reduction of bribery, the article also discusses the current enforcement framework with a focus on 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 the finances from transnational corporate corruption.

Bibliographical metadata

Original languageEnglish
Publication statusPublished - 2015
EventAsset-Stripping: Responses to the Financing of Terrorism and Crime - University of Notre Dame, London.
Event duration: 14 May 201514 May 2015

Conference

ConferenceAsset-Stripping: Responses to the Financing of Terrorism and Crime
CityUniversity of Notre Dame, London.
Period14/05/1514/05/15