Modern indicators of financial crimes detection and their prevention in Ukraine

Keywords: audit, crime, fraud, international organizations, Ukraine.

Abstract

The increase in the level of financial crime is caused by the technological development, weak moni-toring of financial institutions, low level of international cooperation in terms of combating these types of crimes. The paper aims to develop effective ways to combat financial crimes in Ukraine. With the help of a systematic analysis of financial crime modern indicators, theoretical sources, prac-tical measures and international experience, the main indicators of financial crimes are identified. Such indicators are the use of false documents and other people's accounts, international payment systems; frequent and complex financial transactions of a confusing nature; unusual for a client amounts and counterparties of the transaction; incomplete or missing payment information. The study has found that the increase in the level of financial crime is influenced by the presence of off-shore zones, the low level of liability for the crime, the reluctance of financial institutions to interact with law enforcement agencies in regard to combating such crimes. It is possible to increase the level of financial crime counteraction   by conducting an external audit and investigation of financial crimes, establishing international cooperation to combat such crimes, blocking suspicious financial transactions, taking preventive measures and combating related crimes.

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Author Biographies

Sergey V. Slinko, Kharkiv National University of Internal Affairs, Ukraine.

Doctor of Law, Professor, Kharkiv National University of Internal Affairs, Ukraine.

Pylyp S. Yepryntsev, Ministry of Internal Affairs of Ukraine, Kryvyi Rih, Ukraine.

Candidate of Law, Director of the Kryvyi Rih Educational and Scientific Institute of the Ministry of Internal Affairs of Ukraine, Kryvyi Rih, Ukraine.

Artem O. Shapar, Institute Donetsk State University of Internal Affairs, Kryv-yi Rih, Ukraine.

PhD of Law, Associate Professor Deputy Director for Educational and Research Activities of the Kryvyi Rih Educational and Scientific Institute Donetsk State University of Internal Affairs, Kryv-yi Rih, Ukraine.

Dmytro B. Sanakoiev, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

Associate Professor, Candidate of Juridical Sciences, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

Alina H. Harkusha, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

Associate Professor, Candidate of Juridical Sciences, Associate Professor of the Department of Criminal Procedure, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

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Published
2021-09-29
How to Cite
Slinko, S. V., Yepryntsev, P. S., Shapar, A. O., Sanakoiev, D. B., & Harkusha, A. H. (2021). Modern indicators of financial crimes detection and their prevention in Ukraine. Amazonia Investiga, 10(44), 61-72. https://doi.org/10.34069/AI/2021.44.08.6
Section
Articles