Law, Risk and Compliance

Law, Risk and Compliance

LRC has a team of multi-disciplinary world leading experts on financial crime, transnational criminal law, and corporate governance. We are the only and leading research centre in the world which is studying criminal aspects of tax crimes with particular focus on human factors.

We engage with and produce multi-disciplinary research results primarily for end-user stakeholders (e.g. international organisations (EU, NATO, Council of Europe), LEAs, businesses, banks, government agencies, judiciary, and legal practitioners). Hence, the drive and design for impact is built in our research from the start. Furthermore, we provide opportunities for early career academics and our PGRs in these endeavours for their respective personal development and exposure to advanced, comparative and international / collaborative research. The quality, relevance and demonstrable impact of our research are demonstrated not only by our publications but also by the external funding we have gained from prestigious organisations including ESRC, H2020, EU HERCULE. An EU funded - a three year - ongoing project, PROTAX, has already produced evidence of impact in a number of countries. Equally, our work for the City of London Police inform staff development programme on fraud investigation methods and enhance the competence of law enforcement agencies.

We are at the cutting edge of solutions created by governments and international organisations. We not only advise them but also co-create policy and operational tool kits with end- user stakeholders which is informed by empirical findings.

Therefore, the members of the LRC cluster are interested in exploring the socio-political and socio-legal dynamics of law enforcement, risk management and compliance issues and spaces pertaining to financial crimes, and the role and position of the end-user stakeholders involved therein.

Similar to most legal scholars, we endeavour to be up to date with contemporary events and legal developments, so that we can provide timely and relevant solutions with positive impact to society.

Accordingly, the aim of LRC cluster is to develop high quality and impactful research which informs practice and seeks to co-create tested toolkits, inform future policy on countering financial crimes and improve compliance and integrity in the private sector.

We aim to be an international centre of excellence for financial crime studies.

Countering Financial Crimes

With ongoing and enhanced economic crisis it is certain that we will see a rise in financial crimes and corrupt practices. It is imperative that we the academia find solutions that serve the society. Importantly, such solutions must ensure societal acceptability and acceptance measured against fundamental human rights and ethical values.

LRC will continue to engage with end-user stakeholders to empower them and co-create tested solutions to existing and new challenges they face. Back by this ‘hands on’ and practitioner informed research, we will continue our impactful and peer-reviewed publications.

LRC will continue to ensure our PGR community at the centre of everything we do as they are the future of the centre. In doing so, will continue to invest in scholarships and involve our PGR community in our activities.

 

Corporate Taxation

The taxation of corporations has been a source of considerable public and political disquiet in recent years. Questions have been asked about the structure of corporate taxation as well as the efficacy of methods of collection in an increasingly globalised economy.

LRC is undertaking extensive research in the field of corporate taxation. Our research includes the legal structures underpinning corporate taxation at domestic, regional, and international levels; as well as methods of collection and enforcement of tax laws. The objectives or LRC’s research in corporate taxation includes designing-out tax avoidance from corporate tax laws; enhancing international co-operation on corporate taxation through bi-lateral and multi-lateral tax treaties; and designing improved and consistent methods of enforcing tax laws through administrative, civil, and criminal legal processes.

LRC leads a number of funded research projects on the criminal aspects of taxation, including the PROTAX and VIRTEU projects. LRC’s research on corporate taxation continues to be published in leading international journals, as well being disseminated through monographs, international conferences, and mass media.

 

Corporate Integrity

The establishment of corporations through the formal recognition of their legal personality and the adoption of the limited liability principle has revolutionised the world and drastically changed the way in which we conduct business. However, the absence of any moral restrains in the corporate structure, combined with the ideas of deregulation and free market have led to what has been defined as the pathological pursuit of profit and power.

In the contemporary world corporate activities shape the world we live in, sometimes for good and sometimes for ill. The recent cases of corruption and other economic crimes, environmental degradation, as well as the misuse of technological innovations demonstrate the potential harm that amoral business organisations may cause to the civil society.

For that reason, a significant part of LRC’s research activities is focused on the ethical dimensions of productive organisations and corporate integrity. Our researchers at LRC try to offer answers to crucial questions related to corporate integrity and business ethics including: In whose interests should firms be managed? What moral rules should guide firms’ engagement with stakeholders? Should firms try to solve social problems? How we could assure an adequate level of corporate accountability? What role should firms play in the political process?


Cluster Lead

Prof Dr Umut Turksen

Prof Turksen is interested in the practical application of the law in innovation, societal security and development.

He has over 17 years of international experience in designing, managing and delivering legal education, research and high impact consultancy projects in prestigious organisations. In depth, theoretical and practical knowledge of international economic and trade law, public international law, WTO Law, international arbitration, European Union Law, constitutional law, comparative counter-terrorism measures, human rights, financial crime, energy law and virtual assets law. He is currently leading a H2020 project, PROTAX.

Bridging the distance between law in books and law in action is what makes the difference between successfully addressing financial crimes or not.