By RAJIV RANJAN

A comprehensive foray into criminology of investment fraud in Canada is an elusive evaluation given the efficacy of the disparate current system to combat it. Surely, no authoritative source provides a measure of the size of the problem or its scope. This warrants an all-rounded initiative within the securities industry, and between the industry, government regulators, and policy thinkers to develop a robust what can be termed as problem-oriented policing (POP) to address tactical, strategic and ideological aspects of security fraud to protect investor rights, structure efficient and effective compliance management of the dynamic of ‘unclean’ and illicit money catalyzed through commingling with licit capital market, advancing cause of crime and terrorism. POP identifies pattern within a typology of securities fraud through analysis; developing a response; implementing the response; and monitoring and evaluating the program.

Part I walks through the conceptual dimensions of fraud under Criminal Code and Securities Act fraud provisions, types and the extant structures to combat them, besides introducing notions and principles of POP as improvising the manner to combat this. Part-II discusses the scope of problem, the almost-symbiotic equation between organized crimes and securities fraud with malignant consequences for investor protection and money-laundering crimes. Part-III takes a resume of categories of enforcement cases chronicled in the 2014 Enforcement Report of Canadian Securities Administrators (CSA) as a barometer as to what ails the securities market in Canada having monstrous impact economically, socially, and politically. Part-IV underscores criticality of enforcement to shape up a robust securities regulatory framework. In conclusion, I have flagged recommendations stating that POP is a must to have a coordinated approach to this problem of securities fraud with probably, an optimal national fraud enforcement agency workable through a dynamic data-base based on psychometric analysis of demographic, psychological and behavioral attributes of investors with lateral inputs from other programs like FINTRAC system, investors’ tools, deterrence, whistleblower program, multi-agency co-operation and international enforcement co-operation.

August 19, 2015, 28 pages

Jennings, Will and Martin Lodge

Mega-events such as the Olympic Games and the football World Cup represent a special venue for the practice of risk management. This paper explores management of security risks in the case of two sporting mega-events, the London 2012 Olympic Games and the FIFA 2006 World Cup in Germany. The analysis progresses in three stages. First, it explores three explanations that have dominated the literature on policy instruments and tools and introduces the generic tools of government approach developed by Christopher Hood (1983). Second, it reviews the tools used for security risk management at the two mega-events. Third, it evaluates competing explanations of tool choice and degree to which these are consistent with organisational strategies of risk management at the events. The findings highlight the importance of national political systems in influencing tool choice.

London: Centre fo Analysis of Risk and Regulation, London School of Economics, 2009. 27p.

Jennings, Will

This paper uses the idea of risk colonisation (Rothstein et al. 2006) to analyse how societal and institutional risks simultaneously make mega-events such as the Olympics a problematic site for risk management while contributing to the spread of the logic and formal managerial practice of risk management. It outlines how mega-events are linked to broader societal and institutional hazards and threats but at the same time induce their own unique set of organizational pathologies and biases. In this context, it is argued that the combination of societal and institutional risks create pressure for safety and security which in turn give rise to the growing influence of risk as an object of planning, operations and communication both in organisation of the Games and governance of the Olympic movement. This is consistent with the colonizing influence of risk over time: both in the creation of formal institutions (such as risk management teams and divisions) and the proliferation of the language of 'risk' as an object of regulation and control.

London: Centre for Analysis of Risk and Regulation, London School of Economics and Political Science, 2012. 31p.

Loss Prevention and Security Procedures By Robert James Fischer & Richard Janoski

Loss Prevention and Security Procedures by Robert James Fischer & Richard Janoski provides a comprehensive overview of strategies and tactics essential for safeguarding businesses and organizations. This practical guide offers insights into the latest advancements in loss prevention technologies and security measures, equipping readers with the knowledge needed to mitigate risks effectively. Fischer and Janoski's expertise shines through in this invaluable resource, making it a must-read for professionals in the field of security and loss prevention.

Butterworth-Heinemann, Dec 13, 1999, 336 pages