Who are our owners? Exploring the ownership links of businesses to identify illicit financial flows
This article investigates the patterns of business ownership in Europe, using a unique dataset on the nationality of 28.7 million shareholders of companies registered in 41 European countries. By means of an exploratory multivariate analysis, it tests whether ownership links between different countr...
| Autor principal: | |
|---|---|
| Otros Autores: | ; |
| Tipo de documento: | Electrónico Artículo |
| Lenguaje: | Inglés |
| Publicado: |
2022
|
| En: |
European journal of criminology
Año: 2022, Volumen: 19, Número: 6, Páginas: 1542-1573 |
| Acceso en línea: |
Volltext (kostenfrei) |
| Journals Online & Print: | Gargar...
|
| Verificar disponibilidad: | HBZ Gateway |
| Palabras clave: |
MARC
| LEADER | 00000naa a22000002c 4500 | ||
|---|---|---|---|
| 001 | 1839929332 | ||
| 003 | DE-627 | ||
| 005 | 20230323144319.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 230323s2022 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1177/1477370820980368 |2 doi | |
| 035 | |a (DE-627)1839929332 | ||
| 035 | |a (DE-599)KXP1839929332 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 2,1 |2 ssgn | ||
| 100 | 1 | |a Aziani, Alberto |e VerfasserIn |4 aut | |
| 109 | |a Aziani, Alberto | ||
| 245 | 1 | 0 | |a Who are our owners? Exploring the ownership links of businesses to identify illicit financial flows |
| 264 | 1 | |c 2022 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a This article investigates the patterns of business ownership in Europe, using a unique dataset on the nationality of 28.7 million shareholders of companies registered in 41 European countries. By means of an exploratory multivariate analysis, it tests whether ownership links between different countries are driven exclusively by social and macroeconomic variables ? such as trade or geographical or cultural proximity ? or are also related to measures of financial secrecy, corruption and lack of compliance with anti-money laundering regulations. The results indicate that factors other than licit economic incentives explain the international ownership structure of European companies. European firms have an abnormal number (that is, above the predicted value) of owners from tax havens and countries with poor financial transparency, which may suggest the use of holding companies for money laundering and tax evasion and to conceal illicit financial flows. However, ceteris paribus, the number of owners is abnormal in countries where rule of law and the control of corruption are more effective, suggesting that a high level of corruption may be a cost in money laundering activities. The findings contribute to the current international debate on illicit financial flows ? as framed by United Nations Sustainable Development Goal 16.4 ? and can be used by public agencies and private actors to detect anomalies in business ownership and prevent potential financial crime schemes at corporate level. | ||
| 650 | 4 | |a corporate ownership | |
| 650 | 4 | |a Corruption | |
| 650 | 4 | |a Money Laundering | |
| 650 | 4 | |a offshore countries | |
| 650 | 4 | |a Tax evasion | |
| 700 | 1 | |a Ferwerda, Joras |e VerfasserIn |4 aut | |
| 700 | 1 | |a Riccardi, Michele |e VerfasserIn |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t European journal of criminology |d London [u.a.] : Sage, 2004 |g 19(2022), 6, Seite 1542-1573 |h Online-Ressource |w (DE-627)379048256 |w (DE-600)2135314-1 |w (DE-576)112775543 |x 1741-2609 |7 nnas |
| 773 | 1 | 8 | |g volume:19 |g year:2022 |g number:6 |g pages:1542-1573 |
| 856 | |u https://dspace.library.uu.nl/bitstream/handle/1874/423677/1477370820980368.pdf?sequence=1&isAllowed=y |x unpaywall |z Vermutlich kostenfreier Zugang |h repository [oa repository (via OAI-PMH doi match)] | ||
| 856 | 4 | 0 | |u https://doi.org/10.1177/1477370820980368 |x Resolving-System |z kostenfrei |3 Volltext |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4295771619 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1839929332 | ||
| LOK | |0 005 20230323144319 | ||
| LOK | |0 008 230323||||||||||||||||ger||||||| | ||
| LOK | |0 040 |a DE-21-110 |c DE-627 |d DE-21-110 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-21-110 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 935 |a krub |a krzo | ||
| OAS | |a 1 | ||
| ORI | |a SA-MARC-krimdoka001.raw | ||