Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/75253
Title: The use of the criminal sanction in financial services regulation
Authors: Farrugia, Mateja (2003)
Keywords: Financial services industry -- Malta
Financial services industry -- Law and legislation -- Malta
Commercial crimes -- Malta
Insider trading in securities -- Malta
Money laundering -- Malta
Issue Date: 2003
Citation: Farrugia, M. (2003). The use of the criminal sanction in financial services regulation (Master’s dissertation).
Abstract: The aim of this thesis is to examine the role played by the criminal sanction in the regulation of financial services. In Chapter 1 the regulation of financial services and the part played by the penal nature of certain sanctions in the regulatory context are examined, paying particular attention to whether or not the criminal sanction does in fact have a role to play in this context. The traditional theories of punishment are reviewed in Chapter 2 paying particular attention to the effectiveness of deterrence in the financial services sector and analyzing the treatment of the corporate offender in the financial services sector. In Chapter 3 the sanctions imposed in Maltese financial services legislation are analysed. The value of the pecuniary sanction is examined, before a detailed overview of the sanctions found in the Companies Act, the financial services laws, the Prevention of Money Laundering Act, and the sanctions imposed for the offence of insider dealing. Whether or not the criminal sanction is the appropriate reaction for financial services offences is analysed in Chapter 4 examining the efficacy of such sanctions as well as their practical application. The interplay between the different sanctions and the enforcement strategies adopted in the financial services sector are also studied. In Chapter 5 an overview of the investigative techniques available in the financial services sector is given.
Description: M.A.FIN.SERVICES
URI: https://www.um.edu.mt/library/oar/handle/123456789/75253
Appears in Collections:Dissertations - FacLaw - 1958-2009
Dissertations - FacLawCom - 1997-2008

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