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Date: April 24, 2024 Wed
Time: 8:58 am
Time: 8:58 am
Results for banking
2 results foundAuthor: Savona, Ernesto U. Title: Cost Benefit Analysis of Transparency Requirements in the Company/Corporate Field and Banking Sector Relevant for the Fight Against Money Laundering and Other Financial Crime Summary: The aims of the study were: 1. To analyse the cost-benefits from the introduction at the EU level of an up-front and ongoing disclosure system in the company/corporate field (from now on, MODEL 1) made up of the following five transparency requirements relevant for the fight against money laundering and other financial crime: •a statutory duty on the registered owner of a shareholding of 10% or more of the issued capital of a private or public unlisted company to confirm to the company their beneficial ownership of such shares or, if not, details of whom they believe the beneficial owner (BO) to be; •a statutory duty on beneficial but not registered owners of a shareholding of 10% or more to notify the company of such beneficial ownership and, for registered and beneficial owners of 10% or more, any changes in details as and when they occur; •a statutory duty on the company to file such data with a central registry within a short period; •the making such information available on-line to LEAs along with actual and historic data on company shareholders and their managers/directors; •making such data available to the public. 2. To highlight: •what EU measures may be appropriate to address those who aid and abet/facilitate corporate money laundering/terrorist financing arrangements, especially professional service providers, to contribute to more effective deterrence or (if not) suitable punishment, and •any issues and approaches revealed in the study likely to help improve the regulation of charities, trusts, associations and foundations with regard to AML and CFT. Details: Milano, Italy: Transcrime - Joint Research Centre on Transnational Crime, 2007. 691p. Source: Internet Resource: Accessed August 23, 2011 at: http://transcrime.cs.unitn.it/tc/fso/pubblicazioni/AP/CBA-Study_Final_Report_revised_version.pdf Year: 2007 Country: Europe URL: http://transcrime.cs.unitn.it/tc/fso/pubblicazioni/AP/CBA-Study_Final_Report_revised_version.pdf Shelf Number: 122427 Keywords: BankingCost-Benefit AnalysisFinancial CrimesMoney Laundering |
Author: Kubrin, Charis E. Title: Does Fringe Banking Exacerbate Neighborhood Crime Rates? Social Disorganization and the Ecology of Payday Lending Summary: Payday lenders have become the banker of choice for many residents of poor and working class neighborhoods in recent years. The substantial costs that customers of these fringe bankers incur have long been documented. Yet there is reason to believe there are broader community costs that all residents pay in those neighborhoods where payday lenders are concentrated. One such cost may be an increase in crime. In a case study of Seattle, Washington, a city that has seen a typical increase in the number of payday lenders, we find that a concentration of payday lending leads to higher violent crime rates, controlling on a range of factors traditionally associated with neighborhood crime. Social disorganization theory provides a theoretical framework that accounts for this relationship. The findings suggest important policy recommendations and directions for future research that could ameliorate these costs. Details: Unpublished Paper, 2009. 43p. Source: Working Paper: Internet Resource: Accessed March 10, 2012 at http://ancsaragreen.org/Payday.pdf Year: 2009 Country: United States URL: http://ancsaragreen.org/Payday.pdf Shelf Number: 124418 Keywords: BankingCrime RatesNeighborhoods and CrimeSocial Disorganization |