Organising the Finances For and the Finances From Transnational Corporate Bribery

Nicholas Lord, Michael Levi

Research output: Contribution to journalArticlepeer-review

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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 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. 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.
Original languageEnglish
Pages (from-to)365-389
JournalEuropean Journal of Criminology
Volume14
Issue number3
Early online date24 Aug 2016
DOIs
Publication statusPublished - 24 Aug 2016

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