Suchergebnisse

This article presents the findings of a study exploring the consequences and impacts upon a group of employees who worked for an organisation in which white‐collar violations took place. Former employees of the Bank of Credit and Commerce International (BCCI) were interviewed, and the financial, emotional, and psychological effects of the closure of this bank upon their lives documented. Results reveal that the issue of 'secondary victimisation' is of particular importance in this case study, since former BCCI employees considered the detrimental effects upon their lives as a result of the closure of BCCI to be linked to regulatory and media responses to the bank rather than to any crimes which had been committed. This case study illustrates the importance of considering the actions of regulatory authorities and the media in cases of 'white‐collar crime' and their impact upon the individuals whose lives are caught up in 'white‐collar scandal'.

International organizations — Personality — Legal personality of organization before courts of non-member States — Immunity — Jurisdictional immunity and immunity from execution — Legal basis for right of international organizations to invoke immunity — Whether requiring international agreement to which forum State is a party — Whether regional international organizations enjoying "objective international personality" binding on third States — Economic Community of West African States ("ECOWAS") — Deposit of funds with Bank of Credit and Commerce International — National authorities putting Bank into liquidation and freezing accounts — Whether constituting measure of execution against international organization — 473Claim for repayment of funds by ECOWAS — Whether constituting waiver of immunity — The law of France

Relationship of international law and municipal law — Treaties — Interpretation of municipal statute — International obligations as guide to interpretation — English Drug Trafficking Offences Act 1986 — Search warrants and production orders issued under 1986 Act — Whether conditions can be imposed on orders — Single Convention on Narcotic Drugs, 1961 — Municipal statute interpreted to advance purposes of Convention — The law of England

604State immunity — Jurisdictional immunity — Head of State — Head of State of federation also Head of State of one of the constituent territories — Head of State entitled to State immunity for acts performed in public capacity and diplomatic immunity for other acts — Immunity in respect of acts performed in public capacity as Head of State of constituent territory but not as Head of State of federationStates — Federal States — Status of constituent territories in international law — United Arab Emirates — Abu Dhabi — Ruler of Abu Dhabi also Head of State of United Arab Emirates — Entitlement to immunity before English courts in respect of acts performed as Head of State of Abu DhabiDiplomatic relations — Diplomats — Immunities — Extension of diplomatic immunity to Head of State — The law of England

The Bank of Credit and Commerce International (BCCI), which perpetrated the "biggest bank fraud in history", was founded by Agha Hassan Abedi and initially registered in Luxembourg in 1972. Its other center of operations was the Cayman Islands and eventually it operated in 73 counries. In the summer of 1991, it was shuttered by the Bank of England. Its many crimes included illegally buying American banks using "straw men" and courting powerful American politicos, laundering drug profits, plundering deposits to conceal grotesque losses on treasury trading, and making illicit loans totaling around a billion dollars that were not expected to be serviced. BCCI also ran accounts for both international terrorists and several national Intelligence Services. What follows in this book are essays dealing with certain aspects of BCCI's misbehaviour and various odd structures, as well as a most important document from Luxembourg's Civil Court, detailing charges against BCCI's auditor, Price Waterhouse subsequently PricewaterhouseCoopers. Readership: advanced students, researchers, attorneys and accountants interested in transnational financial crime

Pt. 2: September 13, 1991. - 1992. - IV,231 S. - (Serial / House (United States); No. 102-69). - ISBN 0-16-037665-3

Implications of the alleged corrupt and criminal activities of the Bank of Credit and Commerce International for African countries.

This paper examines the international credit portfolios of German banks. We construct a bank-country panel from a unique dataset for a representative set of countries and ask why banks leave diversification opportunities unexploited in some countries. Controlling for bank heterogeneity, we analyse the deviations of actual portfolios from a mean-variance based benchmark and their country-level determinants. Our results show that banking regulations are important determinants of the credit allocation of German banks. We present robust evidence that countries with stricter capital adequacy and entry requirements tend to be overweighted, primarily due to excess profits resulting from a lower level of banking market competition. German banks also overweight countries with larger and more developed banking markets. Moreover, we find support that German banks follow their domestic customers abroad to maintain existing lending relationships. Geographical factors, in contrast, do not seem to matter. Our findings suggest that changes in and convergence of banking regulations as well as financial deepening of banking sectors around the world may, in the long term, result in banks holding more diversified international credit portfolios. -- International banking ; international financial integration ; portfolio choice