White collar crime & Money laundering
CCGL Tutorial Presentation
Whilst domestic legislation is essential to deal with white collar crime, it requires to be underpinned by appropriate levels of international cooperation and legal assistance. This is particularly important that globalisation and modern technology have a profound effect on white collar crime including corruption and money laundering.
The only effective way to deal with transnational crime is for a global enforcement initiative. This requires each state to have extensive international links and appropriate mutual legal assistance legislation to assist and to be assisted in a collective international fight against corruption. In
Hong Kong, international cooperation is facilitated by formal and informal arrangements. There needs to be in place in every state a specialist mutual legal assistance body dedicated to make and receive requests for the obtaining and gathering of information. This body should be able to ensure the prompt and effective response to a request by directing and overseeing the relevant law enforcement agency in relation to it. There also needs to be in place provisions for the taking of evidence in an appropriate way and form to meet the requirements of the requesting state. The use and facilitation of video link for the taking of evidence is an effective means of easing through domestic requirements. The sourcing and verification of documents and records is of particular concern when dealing with transnational crime and provisions should be enacted to more readily facilitate the reception of such evidence in domestic jurisdictions.
In Hong Kong, the regulatory controls over white collar crime are scattered and focused on particular types of white collar crime. But it further fragments the law enforcement initiative. It results in there not being an overall focus on white collar crime in its many facets and width of operation.
Nor a preparedness to handle multi-facet and complex cases which
Whilst domestic legislation is essential to deal with white collar crime, it requires to be underpinned by appropriate levels of international cooperation and legal assistance. This is particularly important that globalisation and modern technology have a profound effect on white collar crime including corruption and money laundering.
The only effective way to deal with transnational crime is for a global enforcement initiative. This requires each state to have extensive international links and appropriate mutual legal assistance legislation to assist and to be assisted in a collective international fight against corruption. In
Hong Kong, international cooperation is facilitated by formal and informal arrangements. There needs to be in place in every state a specialist mutual legal assistance body dedicated to make and receive requests for the obtaining and gathering of information. This body should be able to ensure the prompt and effective response to a request by directing and overseeing the relevant law enforcement agency in relation to it. There also needs to be in place provisions for the taking of evidence in an appropriate way and form to meet the requirements of the requesting state. The use and facilitation of video link for the taking of evidence is an effective means of easing through domestic requirements. The sourcing and verification of documents and records is of particular concern when dealing with transnational crime and provisions should be enacted to more readily facilitate the reception of such evidence in domestic jurisdictions.
In Hong Kong, the regulatory controls over white collar crime are scattered and focused on particular types of white collar crime. But it further fragments the law enforcement initiative. It results in there not being an overall focus on white collar crime in its many facets and width of operation.
Nor a preparedness to handle multi-facet and complex cases which