Dirty Money: Financial Crime in Canada (The State of the Federation)

by Christian Leuprecht (Editor), Jamie Ferrill (Editor)

Financial crime in Canada remains a omnipresent, but we know little about its operation. Transactions are cloaked with apparent legality, which makes tracking criminal activity through economic or financial statistics a complex undertaking. This distinctive volume aims to stem in-, out-, and through-flows of vast sums of dirty money by enhancing Canada’s capacity to detect, disrupt, deter, investigate, and prosecute domestic financial criminals and transnational organized criminal organizations. It brings together leading scholars and practitioners from the public and private sectors to identify and explore deficiencies in federal and provincial policy, regulation, legislation, politics, institutions, and enforcement, as well as the international financial crime regime. Together contributors pinpoint weaknesses that have turned the Canadian federation into a destination of choice for global financial crime, where its perpetrators can operate with impunity. Dirty Money reveals how globalization and technology have spun an extensive web of clandestine processes that disguises how financial criminals operate, the channels they use, and how they suborn banks and institutions. In the process, the extent of financial crime in Canada and its corrosive effects on communities, democratic institutions, and prosperity becomes apparent. Sanaa Ahmed, John Cassara, Garry Clement, Arthur J. Cockfield, Caroline Dugas, Jamie Ferrill, Cameron Field, Michelle Gallant, Peter German, Rhianna Hamilton, Todd Hataley, Caitlyn Jenkins, Christian Leuprecht, David Maimon, Katarzyna (Kasia) Mcnaughton, Denis Meunier, Pierre-Luc Pomerleau, Stephen Schneider, Jeffrey Simser.

Genres: Finance, Canada, History, Law

432 pages, Paperback

Published September 15, 2023

About the author

Christian Leuprecht is Class of 1965 Professor in Leadership at the Royal Military College of Canada, editor-in-chief of the Canadian Military Journal, director of the Institute of Intergovernmental Relations in the School of Policy Studies at Queen’s University, and adjunct research professor at the Australian Graduate School of Policing and Security.

Reviews

[Holly · Rating 5 out of 5]

Should be a basic textbook for any accounting, finance, economics, regulatory field

[Jody · Rating 2 out of 5]

Still working through this book, with great difficulty. It is annoyingly and horrendously wordy. It's no wonder there hasn't been much progress made in our AML regime when all books, texts, and reports are written like this, causing most people to lose interest and focus, and just gloss over like listening to Charlie Brown's teacher. This is unnecessary, and needs to change if we want to get people's attention and enact better AML protocols.

[Sandra · Rating 3 out of 5]

Informative but too dry, a chore to read.

[Ian Taylor · Rating 2 out of 5]

Interesting subject but extremely repetitive and multiple typos. Could have used a better edit.

[Tom Jarmyn · Rating 4 out of 5]

A compilation of papers regarding financial crime in Canada. Many useful sources. Most of the papers are quite thorough.

[Dianne Gow · Rating 3 out of 5]

A great book for anyone working in finance