Substantiating the Concept of Legalization of Incomes of Bank’s Clients

The article is concerned with formation of the scientifically substantiated definition of the concept of «legalization of incomes of bank’s clients». The analysis of the international legislation, the legislation of Ukraine and the results of previous researches in the sphere of prevention and count...

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Main Author: Veits Oleksandr I.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2019-01-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2019-1_0-pages-337_342.pdf
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author Veits Oleksandr I.
author_facet Veits Oleksandr I.
author_sort Veits Oleksandr I.
collection DOAJ
description The article is concerned with formation of the scientifically substantiated definition of the concept of «legalization of incomes of bank’s clients». The analysis of the international legislation, the legislation of Ukraine and the results of previous researches in the sphere of prevention and counteraction of legalization («laundering») of incomes received by criminal means is carried out in view of definition of concepts. The results of the analysis proved that there is no clear definition of the concept of «legalization of incomes» in the context of banking activity both in the legislation and the scientific literature. To formulate the definition of «legalization («laundering») of incomes» the morphological basis and the most frequently used keywords are defined. The author’s own definition of the concept of «legalization of income of the bank’s clients», which takes attention of the morphological basis and the key words generally accepted in the international practice, corresponds to the definitions presented in the laws of Ukraine and can be applied in the process of forming the methodical recommendations for the internal financial monitoring services of banks.
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spelling doaj.art-320f9df315614be18cb6b5164dfa5dac2022-12-22T00:08:47ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2019-01-011492337342Substantiating the Concept of Legalization of Incomes of Bank’s ClientsVeits Oleksandr I.0Postgraduate Student, Department of Banking, Simon Kuznets Kharkiv National University of EconomicsThe article is concerned with formation of the scientifically substantiated definition of the concept of «legalization of incomes of bank’s clients». The analysis of the international legislation, the legislation of Ukraine and the results of previous researches in the sphere of prevention and counteraction of legalization («laundering») of incomes received by criminal means is carried out in view of definition of concepts. The results of the analysis proved that there is no clear definition of the concept of «legalization of incomes» in the context of banking activity both in the legislation and the scientific literature. To formulate the definition of «legalization («laundering») of incomes» the morphological basis and the most frequently used keywords are defined. The author’s own definition of the concept of «legalization of income of the bank’s clients», which takes attention of the morphological basis and the key words generally accepted in the international practice, corresponds to the definitions presented in the laws of Ukraine and can be applied in the process of forming the methodical recommendations for the internal financial monitoring services of banks.http://www.business-inform.net/export_pdf/business-inform-2019-1_0-pages-337_342.pdfmeans launderinglegalization of the proceeds of crimebank
spellingShingle Veits Oleksandr I.
Substantiating the Concept of Legalization of Incomes of Bank’s Clients
Bìznes Inform
means laundering
legalization of the proceeds of crime
bank
title Substantiating the Concept of Legalization of Incomes of Bank’s Clients
title_full Substantiating the Concept of Legalization of Incomes of Bank’s Clients
title_fullStr Substantiating the Concept of Legalization of Incomes of Bank’s Clients
title_full_unstemmed Substantiating the Concept of Legalization of Incomes of Bank’s Clients
title_short Substantiating the Concept of Legalization of Incomes of Bank’s Clients
title_sort substantiating the concept of legalization of incomes of bank s clients
topic means laundering
legalization of the proceeds of crime
bank
url http://www.business-inform.net/export_pdf/business-inform-2019-1_0-pages-337_342.pdf
work_keys_str_mv AT veitsoleksandri substantiatingtheconceptoflegalizationofincomesofbanksclients