The Law Relating to Financial Crime in the United Kingdom
Authors: Karen Harrison & Nicholas Ryder
Edition: 1st Edition (February 2013)
Buy from Ashgate: Click Here
The focus on financial crime over the last few years comes as no surprise; the financial services industry transfers considerable sums of money each day and spends significant sums of money ensuring financial crime is identified and stopped. This new text from Ashgate, The Law Relating to Financial Crime in the United Kingdom, aims to outline the different types of financial crime, and their impact, in a user-friendly and up-to-date guide. It certainly achieves this aim with considerable ease and provides a very handy and accessible explanation of the law with thought-provoking recommendations for the future.
Written by two experienced academics, Dr Karen Harrison and Professor Nic Ryder, The Law Relating to Financial Crime in the United Kingdom covers eight logically arranged chapters: introduction; money laundering; terrorist financing; fraud; insider dealing; market abuse; bribery and corruption; and conclusions and recommendations. While the second to the seventh chapters are essentially standalone chapters (and can be read on their own), the first and last chapters pull together the strands from the other chapters and consider many challenging issues.
The publication of The Law Relating to Financial Crime in the United Kingdom is timely: there is considerable focus on financial crime, its causes and any potential solutions. What this text does really well is pull together an engaging account of fairly disparate (but interconnected) accounts of financial crime into one manageable text. It is well-written, well-researched and academically stimulating; it is one of those rare texts which you could read in one go before delving into more discrete points. The one surprising point is the timing of its publication; being just before the transfer of financial services from the Financial Services Authority ("FSA") to the Financial Conduct Authority ("FCA") (so it already seems a little out of date).
If you are looking for an engaging account of financial crime law in the UK, you should look no further than The Law Relating to Financial Crime in the United Kingdom. The important principles are collected together into one manageable text. Being a financial services lawyer with a key interest in the impact of financial crime, I found it extremely user-friendly; it also actively encourages reflection on the state of the law and its possible future direction. The final chapter, which makes recommendations for the future, certainly provide food for thought for the financial services industry (and other industries). While the analysis focuses on the FSA rather than the FCA (which is a disappointment), the quality of the text, and its price, means it should be a key text for anyone interested in the legal aspects of financial crime in the UK.
Reviewed on 14 September 2014
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