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This book considers the growing and emerging issue of unexplained wealth and how this issue fits within the larger challenge of financial and economic crime. The collection provides a rich and robust contribution to the dearth of knowledge in this space. Contributions are drawn from legal practitioners, academics, and experts from the Global South, Global North, and the Asia- Pacific region, who share their insights into the methods and approaches that have been utilised to tackle unexplained wealth in their respective countries. Each author provides a comprehensive critique of the current regime in addressing the issue and identifies failings. The volume further considers how unexplained wealth can be recognised as an important category, similar in this respect to fraud, bribery, corruption, and tax evasion amongst others. Establishing the issue of unexplained wealth as an independent area of research, the book will be essential reading for researchers, academics, and policymakers working in the areas of financial and economic crime, banking law, and international corporate governance.
List of contents
1. Introduction (
Folashade Adeyemo and Nicholas Ryder) 2.Three Models of Unexplained Wealth Orders (
Anton Moiseienko) 3. Unrealised Potential? Unexplained Wealth Orders, Money Laundering, and the UK Real Estate Market (
Ilaria Zavoli) 4. Behind the Digital Curtain: To What Extent Can Cryptocurrency Conceal Unexplained Wealth (
Thomas Burgess) 5. Public Procurement and Unexplained Wealth in Nigeria: An Ecosystem Approach (
Benjamin Mukoro and Ndubuisi Augustine Nwafor) 6. The Primary Factors Contributing to the Operational Failures of the Serious Fraud Office (SFO) and the Strategic Reforms that can be Implemented to Enhance its Effectiveness in Dealing with Financial Crimes (
Sengul Selcan Tufan) 7. Unexplained Wealth and Asset Recovery: Assessing the Kuwaiti Legal Framework (
Aminah Alwehaib) 8. Tax Havens: Their Uses, Misuses, and Decades of Political Inaction (
Stelios Andreadakis and Theo Nyreröd) 9. Unexplained Wealth - A Global Perspective: Following the Money - Corruption Trends in East Africa (
Mercy W. Buku) 10. Implementation of Unexplained Wealth Order in Nigeria: Challenges (
Chinelo Bob-Osamor)
About the author
Folashade Adeyemo is Senior Lecturer in Commercial Law at the University of Liverpool, UK. Fola is a leading academic in the commercial law space, and her areas of interest are in banking and financial regulation (focusing largely on the Global South region) and whistle-blower protection (focusing on both the Global South and the Global North). Fola has also published in the area of financial crime.
Nicholas Ryder is Professor of Financial Crime at the University of Cardiff, UK. He has conducted policy-oriented research in financial crime and has played advisory roles both nationally and internationally. He has published extensively in the area of financial crime.
