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A recent report by a specially appointed Royal Commission reveals the systematic resort of various forms of misconduct across the Australian financial services industry and identifies its causes in a profit-oriented corporate culture and in inadequate corporate and state enforcement of legal rules of conduct. These findings imply that not only greed but the legal system itself can be a cause of normalisation of corporate misconduct. The purpose of this article is to examine the interplay between corporate culture, the law and internal and external enforcement in the attempt to assess to what extent the legal system can, more or less unintendedly, facilitate the systemisation of corruption. Our analysis, based on an interdisciplinary approach integrating criminological, sociological, psychological and legal theories, seeks to provide an explanation of systemic corruption which might hopefully apply to other contexts and be useful to develop possible solutions.
|Journal||Policing: A Journal of Policy and Practice.|
|Publication status||Submitted - Aug 2019|
- Business Ethics
- Company Law
- Criminal Law
- Financial regulation
- Banking industry
- Financial services
- Financial crime
ASJC Scopus subject areas
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Foreign Investments, the Rule of Corrupted Law and Transnational Systemic Corruption in Uganda’s Mineral SectorPasculli, L., Apr 2020, International Trade, Investment and the Rule of Law. Leal-Arcas, R. (ed.). 1 ed. Chişinău: Eliva Press, p. 84-110 27 p.
Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review
Pasculli, L., 3 Apr 2020, (In preparation) Routledge.
Research output: Book/Report › Book › peer-review