Lack of Compliance from Convenience

Hamerton, Christopher and Gottschalk, Petter (2022) Lack of Compliance from Convenience. In, Corporate Compliance: Crime, Convenience and Control. 1 ed. London. Palgrave Macmillan, pp. 55-74. (doi:10.1007/978-3-031-16123-0_4).

Record type: Book Section

Abstract

This chapter examines situations where compliance can be recognized as lacking or weak, and convenience readily identified. The importance of how compliance might, to a certain extent, be ignored or overlooked, which enhances an organization’s vulnerability to financial crime is evaluated, alongside ignorance of potential controls and guardianships to secure compliance. The chapter develops to identify and contextualize such convenience themes in international case studies of failing compliance—essentially, the application of theory to practice. Six cases are closely evaluated within this chapter: Astellas Pharma’s (Japan) cultural and compliance failings in the context of the United Kingdom; Danske Bank (Denmark) and money laundering in Estonia; Fuji Xerox (Japan/United States) and customer fraud in New Zealand; Nordea Bank (Denmark) and tax evasion on Luxembourg; Swedbank (Sweden) and money laundering in Lithuania; and Telenor (Norway) in VimpelCom corruption in Uzbekistan.

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