NDLI: Regulation of Offshore Banking Services and Financial Entities

Content Provider	Springer Nature Link
Author	Curtol, Federica Nicola, Andrea Martocchia, Sara Savona, Ernesto U.
Copyright Year	2007
Abstract	The aim of Project MARC is to meet increasing demand by EU institutions for a crime risk assessment mechanism that proofs legislation against crime at a European Union level, thereby reducing the probability that regulation may provide opportunities for illicit conduct. On the basis of a literature review, case study analysis and interviews, this article intends to provide a list of variables influencing the likelihood that organised crime will ensue from regulation of offshore banking services, company law and financial entity regulation. The variables have been systematised according to the main components of project MARC’s central equation: the Legislative Quality Index (LQI), which measures the quality of the law per se on the assumption that an inconsistent, ambiguous, difficult-to-apply item of legislation may by itself produce opportunities for crime, and the Market Vulnerability Index (MVI), which measures the effect of a legislative change on the vulnerability of the market to crimes. The sources reviewed suggest that the LQI can be operationalised in the following indicators: (a) external simplicity, (b) internal simplicity/clarity of structure, (c) external consistency, (d) internal consistency; (e) accuracy/clarity of content and (f) enforceability; while the MVI can be operationalised in: (a) attractiveness (in the sense of profitability), (b) attractiveness (in the sense of the risk of being detected and punished) and (c) accessibility. Each of these indicators can be measured by means of a series of variables, which are discussed in the article with reference to examples coming from the case study analysis.
Starting Page	279
Ending Page	298
Page Count	20
File Format	PDF
ISSN	09281371
Journal	European Journal on Criminal Policy and Research
Volume Number	12
Issue Number	3-4
e-ISSN	15729869
Language	English
Publisher	Kluwer Academic Publishers
Publisher Date	2007-01-04
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	case studies company law corruption crime proofing crime risk assessment financial entity regulation money laundering offshore banking services regulation organised crime Political Science Criminology & Criminal Justice
Content Type	Text
Resource Type	Article
Subject	Law

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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