Jul 14, 2022 23:00:00

5 best books to understand 'financial crime'

The Economist, a weekly newspaper in the United Kingdom, has picked up five books that are as old as the invention of money and are useful for understanding financial crimes that are closely related to everyday life, and published them with book reviews.

The best books to read to understand financial crime | The Economist

https://www.economist.com/the-economist-reads/2022/07/11/the-best-books-to-read-to-understand-financial-crime

◆ 1: Treasure Islands (by Nicholas Shaxson)
' Treasure Islands ' by Nicholas Shaxson, a political analyst at the Royal Institute of International Affairs in the United Kingdom, is a non-fiction about the secret role that offshore banks and tax havens play in the global economy. About this book The Economist says, 'It's more than a decade ago, but it's the best book to introduce you to the world of tax havens, or what Shaxson calls a financial journalist to an activist. There is no change in. '

Amazon | Treasure Islands | Shaxson, Nicholas | Panama

◆ 2: The Despot's Guide to Wealth Management (by JC Sharman)
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The Despot's Guide to Wealth Management ' is based on corruption by a professor at the University of Cambridge, JC Sharman, based on investigations by private detectives and more than 100 interviews with stakeholders, especially by dictatorial leaders and their entourage. This is a book about the theft of national wealth. Dictator sovereignty in poor countries often develops into international crime involving developed countries, for example, fraudulently stored funds in Libya are sent to real estate in London and banks in Switzerland via offshore financial centers. However, police can only crack down on domestic crimes, and cross-border cooperation is rarely possible. In the book, Sharman argues that governments need to unite to solve the 'difficulty inherent in international legal action in the world of sovereign states.'

Amazon | The Despot's Guide to Wealth Management: On the International Campaign Against Grand Corruption | Sharman, JC | Comparative Politics

◆ 3: Butler to the World (by Oliver Bullough)
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Butler to the World ' is a book about how Britain is set on the stage of evil by oligarchs , thief politicians (Kreptocrat), the Mafia and others. In the book, the author Oliver Bullough said, 'After World War II, Britain decided to open up a new position as a base for international capital as the empire declined.' He denounces that it was intentional to become the center of an offshore network and a huge money laundering venue.

Amazon | Butler to the World: The book the oligarchs don't want you to read --how Britain became the servant of tycoons, tax dodgers, kleptocrats and criminals (English Edition) [Kindle edition] by Bullough, Oliver | Sociology

◆ 4: American Kleptocracy (by Casey Michel)
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American Kleptocracy ' is how the financial crime system using paper companies was established in the states of Delaware and Nevada in the United States, and how people who confront such financial problems in the United States are trying to cut into the political system. It is a book that uncovered. The Economist wrote about the book: 'The United States has led the world in eradicating cross-border financial crimes, from tax evasion to funding terrorism, but failed to keep its order. Pointing the lens of the microscope at this deception, it reveals a huge amount of fraudulent money flowing through New York's real estate, Miami's financial center, Delaware's paper company, and South Dakota's trust bank. '

Amazon | American Kleptocracy: How the US Created the World's Greatest Money Laundering Scheme in History | Michel, Casey | Economic Policy

◆ 5: Billion Dollar Whale (by Tom Wright and Bradley Hope)
' Billion Dollar Whale ' was discovered that $ 4.5 billion (about 500 billion yen at the rate at that time) was illegally leaked from Malaysia's state-owned fund 1Malaysia Development Berhad (1MDB ), and Malaysia's politics A book dealing with issues that have evolved into a major scandal involving everything from homes to Hollywood and Wall Street tycoons. 'This book attempts to expose white-collar criminals, including journalists and whistleblowers, using financial complexity and law, especially British privacy and defamation laws. 'It's a book that reveals the dangerous temptations that have disturbed people and, by extension, consider financial crimes to be victims of their abstract nature,' said The Economist.

Amazon | Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World | Wright, Tom, Hope, Bradley | Asian