The impact of changing corporate governance norms on economic crime

Discusses the two types of economic crime likely to occur in a corporate setting: “governance” crimes like accounting fraud, insider trading and self‐dealing, which directly affect how the business operates; and crimes like money laundering, bribery and corruption, tax fraud and terrorist financing, whose effects are felt more outside the corporate sphere. Addresses the specific mechanisms by which corporate governance impacts on crimes committed by corporate agents; they include a corporate culture of ethics and compliance which would if necessary support whistleblowing, the functions of risk management and internal controls and audit, transparency of information flows to the board and investors, and a properly functioning audit committee.