Formation of a new paradigm of anti-money laundering: The experience of Ukraine
The increase in the level of money laundering is associated with digitalization and technification of all spheres of society, the globalization of financial markets, the consequences of quarantine measures caused by the COVID-19 pandemic, and the new ways of committing money laundering crimes. The p...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2021-03-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14826/PPM_2021_01_Vitvitskiy.pdf |
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| author | Sergij S. Vitvitskiy Oleksandr N. Kurakin Pavlo S. Pokataev Oleksii M. Skriabin Dmytro B. Sanakoiev |
| author_facet | Sergij S. Vitvitskiy Oleksandr N. Kurakin Pavlo S. Pokataev Oleksii M. Skriabin Dmytro B. Sanakoiev |
| author_sort | Sergij S. Vitvitskiy |
| collection | DOAJ |
| description | The increase in the level of money laundering is associated with digitalization and technification of all spheres of society, the globalization of financial markets, the consequences of quarantine measures caused by the COVID-19 pandemic, and the new ways of committing money laundering crimes. The paper aims to identify the peculiarities of anti-money laundering activities in Ukraine and outline approaches to increase the effectiveness of combating money laundering in the country. The current state of the problem of money laundering is analyzed based on the study literary sources, regulatory framework and their discussion in the Ukrainian society. An attempt was made to systematize the factors influencing the increase in the level of money laundering. The consequences of increasing the level of money laundering for Ukraine have been determined: a shortfall in state budget revenues, a decrease in the level of the social sphere financing, reduced living standards of the population. It has been emphasized that there is a need for a comprehensive approach to the problem of money laundering, which will include ongoing training for financial audit specialists, the establishment of special units to investigate money laundering crimes, enshrining the classification of money laundering crimes in regulatory documents and the establishment of criminal liability for their commission. |
| first_indexed | 2024-12-16T17:15:56Z |
| format | Article |
| id | doaj.art-40f4cc617c8a44b78511b7c7758aa135 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-16T17:15:56Z |
| publishDate | 2021-03-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-40f4cc617c8a44b78511b7c7758aa1352022-12-21T22:23:18ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672021-03-0119135436310.21511/ppm.19(1).2021.3014826Formation of a new paradigm of anti-money laundering: The experience of UkraineSergij S. Vitvitskiy0https://orcid.org/0000-0002-4884-1883Oleksandr N. Kurakin1https://orcid.org/0000-0002-0274-6530Pavlo S. Pokataev 2https://orcid.org/0000-0003-3806-2197Oleksii M. Skriabin3https://orcid.org/0000-0002-8915-5943Dmytro B. Sanakoiev4https://orcid.org/0000-0002-6783-3168Associate Professor, Doctor of Law, Rector of Donetsk Law Institute of the Ministry of Internal Affairs of UkraineAssociate Professor, Doctor of Law, Deputy Director for Educational and Research Activities of the Kryvyi Rih Educational and Scientific Institute of the Ministry of Internal Affairs of UkraineProfessor, Doctor of Science in Public Administration, Doctor of Law, First Vice-Rector, Classical Private UniversityAssociate Professor, Doctor of Law, Associate Professor of Criminal Law, Procedure and Criminology Department, Classical Private UniversityAssociate Professor, Ph.D., Head of Financial and Strategic Investigations Department, Faculty of Training for Strategic Investigations Units, Dnipropetrovsk State University of Internal AffairsThe increase in the level of money laundering is associated with digitalization and technification of all spheres of society, the globalization of financial markets, the consequences of quarantine measures caused by the COVID-19 pandemic, and the new ways of committing money laundering crimes. The paper aims to identify the peculiarities of anti-money laundering activities in Ukraine and outline approaches to increase the effectiveness of combating money laundering in the country. The current state of the problem of money laundering is analyzed based on the study literary sources, regulatory framework and their discussion in the Ukrainian society. An attempt was made to systematize the factors influencing the increase in the level of money laundering. The consequences of increasing the level of money laundering for Ukraine have been determined: a shortfall in state budget revenues, a decrease in the level of the social sphere financing, reduced living standards of the population. It has been emphasized that there is a need for a comprehensive approach to the problem of money laundering, which will include ongoing training for financial audit specialists, the establishment of special units to investigate money laundering crimes, enshrining the classification of money laundering crimes in regulatory documents and the establishment of criminal liability for their commission.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14826/PPM_2021_01_Vitvitskiy.pdfcriminal actfinancial institutioninternational cooperationmoney launderingUkraine |
| spellingShingle | Sergij S. Vitvitskiy Oleksandr N. Kurakin Pavlo S. Pokataev Oleksii M. Skriabin Dmytro B. Sanakoiev Formation of a new paradigm of anti-money laundering: The experience of Ukraine Problems and Perspectives in Management criminal act financial institution international cooperation money laundering Ukraine |
| title | Formation of a new paradigm of anti-money laundering: The experience of Ukraine |
| title_full | Formation of a new paradigm of anti-money laundering: The experience of Ukraine |
| title_fullStr | Formation of a new paradigm of anti-money laundering: The experience of Ukraine |
| title_full_unstemmed | Formation of a new paradigm of anti-money laundering: The experience of Ukraine |
| title_short | Formation of a new paradigm of anti-money laundering: The experience of Ukraine |
| title_sort | formation of a new paradigm of anti money laundering the experience of ukraine |
| topic | criminal act financial institution international cooperation money laundering Ukraine |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14826/PPM_2021_01_Vitvitskiy.pdf |
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