In recent years, there have been several high-profile leaks of documents related to the offshore financial industry, such as the Pandora Papers released last year. Some of the data contained in the leaked documents have now been made public. In this brief, SITE researchers Jonathan Lehne and Maiting Zhuang discuss the advantages and pitfalls of using these data for economic analysis. They show that despite some caveats, there are patterns in these data that can shed light on a secretive industry.

Policy brief: Some recently discovered money laundering schemes have funnelled large amounts of illegal money from former soviet states through European banks. This note briefly describes the evolution of the Anti-Money Laundering (AML) regime for financial institutions, the introduction of which was concurrent with the post-soviet transition and the connected illegal flows of funds. It discusses the effectiveness of the current AML regime – and its ability to detect and seize illegal funds. The brief also highlights some of its deficiencies as well as lack of compliance with its prescriptions. It proceeds to stress that after judging the current framework insufficient, the US recently introduced whistleblower rewards for AML-infringements. Europe might want to follow their lead if it really aims at limiting money laundering.

On December 15th, Centre for Economic Policy Research (CEPR) will be organising an online book launch event of a new eBook co-edited by SITE researcher Giancarlo Spagnolo titled “Procurement in Focus: Rules, Discretion, and Emergencies”.

Working paper: In recent years we have seen a rapid increase in legislation governing, protecting, and rewarding whistleblowers. More recently, EU enacted a directive protecting whistleblowers, the US has gone one step further long ago. In this paper, SITE researchers review the evidence for the effectiveness of US whistleblower reward programs and consider some recent novelties.

Policy brief: Violence within the home is the most common form of interpersonal violence for women. While children and men are also victims of abuse of various kind within the family, intimate partner violence committed by men against women is generally the most common form of domestic violence. Has intimate partner violence increased in Sweden during the current COVID-19 pandemic?

Working paper: The last two decades have uncovered a concerning range of corporate wrongdoing by large European firms in a wide variety of industries. What has driven European firms to engage in such systematic wrongdoing? In this article, SITE researcher Giancarlo Spagnolo and co-author Theo Nyreröd use data on US investigations to identify the European countries hosting most corporate wrongdoers.

Wall Street Journal mentions SITE researcher Giancarlo Spagnolo's research study on "Motivating Whistleblowers". A study that shines light into what motivates people to come forward with information about wrongdoing.

SITE's Professor Giancarlo Spagnolo together with co-authors in University of Bologna and Standford University has been granted 3,3 MSEK in funding by Vetenskapsrådet for a three-year research project on artificial intelligence as incorporated in pricing algorithms.

As governments around the globe are continuing to enforce contagion management strategies to limit the spread of COVID-19, many experts are voicing their concerns about a different kind of pandemic. Alarming reports have surfaced from a wide range of countries suggesting significant increases in domestic violence, including one of its most prevalent forms – intimate partner violence.

The COVID-19 pandemic and the resulting lockdown restrictions have amplified the academic and policy interest in the causes and consequences of domestic violence. With this in mind, the FREE Network invited academic researchers to participate in an online workshop “Economic perspectives on domestic violence“. Read the full summary from the workshop and learn more!