Challenges in the Field of Economic and Financial Crime in Europe and the US (Katalin Ligeti & Vanessa Franssen, eds.), Hart Publishing, 294 pp., 2017.

The book has detailed information on developments in financial criminal law in a number of European jurisdictions, in the United States and in the European Union, spanning several themes.  The first theme is the emphasis on the importance of comparative law and on adopting a comparative perspective in evaluating challenges in contemporary financial criminal law. The second theme is innovation in the legal regulation of financial crime, including negotiated justice, whistleblowing, leniency programs, pre-conviction preventive measures and compliance programs and, a comprehensive legal analysis of these schemes.  The chapters raise pertinent questions concerning the compatibility of these innovations with the rule of law and fundamental criminal law principles.  The third major theme of the book is the relationship between criminal and non-criminal law responses to financial crime, especially concerning the interaction between criminal law on the one hand, and competition and banking law on the other.  The fourth key theme in the book is the transformation of financial criminal law in an era of transnational cooperation and the exercise of extraterritorial jurisdiction.