Cross-jurisdictional financial crime risks: what can we learn from the UK regulatory data?

What is it about?

This article reports the findings of a cross-country analysis drawing on a unique set of UK regulatory financial crime data which is based on a total of 1,900 annual financial crime data regulatory return (REP-CRIM) submissions to the UK’s Financial Conduct Authority. Results suggest that perceived jurisdiction risk is significantly and positively associated with evasion of tax and regulations, while it is significantly and negatively associated with political stability and regulatory stringency.

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