Fraud in the banking system of Ukraine: ways to combat taking into account foreign experience

Keywords: financial institution, crime, control, security, information, legal regulation, Ukraine.


The article aims to identify effective ways to combat bank fraud in Ukraine. Using the method of systematic analysis of theoretical experience, practical measures and international legislation in the field of combating banking fraud, the main factors influencing the bank fraud level are identified: financial instability of the banking institution, lack of information about the client's credit history, poor internal control, low level of corporate governance, lack of a standard procedure for customers verification, lack of a unified register of bank employees, imperfect legal regulators and a banking control system. The study allowed to identify the characteristics of an effective banking fraud combating system: a clear definition of the legal framework, regulation subjects and objects, strict and guaranteed liability for violations of laws, cooperation of structural units and regulatory authorities at the domestic and international level, state control of financial monitoring. As a result of the study, it was concluded that the successful experience of developed countries, comprehensive implementation of measures to combat bank fraud (at the legislative, bank management and technological level) will not only reduce the level of bank fraud, but also corruption, money laundering and terrorist financing rate.


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Author Biographies

Oleh V. Kyrychenko, "Dnipro humanitarian university", Dnipro city, Ukraine.

Doctor of Law Sciences, Associate Professor, Rector Private institution of higher education "Dnipro humanitarian university", Dnipro city, Ukraine.

Olena A. Soldatenko, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

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

Olena V. Gorokhovska, Classical Private University, Zaporizhzhia city, Ukraine.

Associate Professor, PhD in Law, Head of the Department of Theory, History of State and Law and International Law, Classical Private University, Zaporizhzhia city, Ukraine.

Maryna O. Voloshyna, Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

Ph.D, Associate Professor of the Department of Operative – Investigative Activity Dnipropetrovsk State University of Internal Affairs, Dnipro city, Ukraine.

Larysa O. Maksymova, Kyiv University of Tourism, Economics and Law, Kyiv, Ukraine.

Candidat of legal sciences, Associate Professor, Kyiv University of Tourism, Economics and Law, Kyiv, Ukraine.


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How to Cite
Kyrychenko, O. V., Soldatenko, O. A., Gorokhovska, O. V., Voloshyna, M. O., & Maksymova, L. O. (2021). Fraud in the banking system of Ukraine: ways to combat taking into account foreign experience. Amazonia Investiga, 10(45), 208-220.