Financial Compliance, 1st ed. 2019 Issues, Concerns and Future Directions

This book explores the fundamental elements and risks that impact the compliance officer?s work. Following a comprehensive understanding of the role of a compliance officer, by engaging with themes of compliance officers? liability, expectations, risks and effectiveness, it provides practical answers by leading academics and practitioners in the field.

This work also draws on how other areas, such as GDPR, financial regulation and whistleblowing, challenges on compliance officers and provides a way forward to convert these challenges into opportunities. The discussion of compliance challenges and practices in Australia, Europe and the United States provides critical insights into the development of compliance in today?s financial environment. Financial Compliance: Issues, Concerns and Future Directions provides an invaluable working resource for academics, practitioners and a general audience interested in understanding and developing an effective compliance culture. 

Chapter 1. Understanding Compliance with Laws and Regulations: A Mechanism-Based Approach; Anthony Bottoms.- Chapter 2. Legitimacy and Regulatory Compliance; Justice Tankebe.- Chapter 3. The Uncertain Professional Status of Compliance; James A. Fanto.- Chapter 4. Compliance: From Soft Law to Hard Law—A view from France; Maria Lancri.- Chapter 5. Living with the new General Data Protection Regulation (GDPR); Mark Foulsham.- Chapter 6. Risk Based Financial Regulation, and Compliance Officer Liability; Stuart Bazley.- Chapter 7. Whistleblowing: The Neglected Facilitator of Compliance; Eva Tsahuridu.- Chapter 8. The Skillset of an Effective Compliance Officer; Maria Krambia-Kapardis.- Chapter 9. Disentangling the Expectation Gap for Compliance Officers; Maria Krambia-Kapardis; Salomi Demetriou and Ioanna Stylianou.

Maria Krambia-Kapardis is an Associate Professor of Accounting at the Cyprus University of Technology, with a specialization in Forensic Accounting. For a number of years she was a university academic in Australia and has been a Visiting Scholar at Cambridge University, UK; Girona University, Spain; Victoria University, Melbourne, Australia, and has also taught at the Open University of Cyprus. In addition, she has been the Cyprus Local Research Correspondent on Corruption for the European Commission’s DG Home Affairs. She was the founder and first Chair of Transparency International-Cyprus (2010-2017) as well as the founder and first president of the Economic Crime and Forensic Accounting Committee of the Institute of Certified Public Accountants of Cyprus (2010-2014).  Krambia-Kapardis is a Fellow Member of the Chartered Accountants of Australia and New Zealand and is a Certified Fraud Examiner. Her research focuses on forensic accounting, anti-corruption, fraud detection and prevention; compliance and ethics in business. She is author, co-author or editor of six books and has authored or co-authored a significant number of journal articles and book chapters internationally.

Covers a wide range of topics from the foundations of compliance and the legitimacy and regulatory compliance theories to the hard and soft laws in various jurisdictions

Chapters are contributed by a distinguished group of practitioners and professors from Europe, Australia and the United States

Provides the milestones needed by compliance officers, regulators and practitioners