The relations unshadowing in business activities: the economic and legal factors of security at the macroeconomic level

Kulish, Anatoliy; Petrushenko, Mykola; Reznik, Oleg; Kiselyova, Elena

doi:10.21511/ppm.16(1).2018.40

Cited by 8 publications

(8 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, money laundering contributes to an increase in the level of corruption that is still quite high today and reduces public confidence in government agencies and institutions (Kulish et al, 2018).…”

Section: Results and Analysismentioning

confidence: 99%

Current Status And Prospects Of Anti-Money Laundering In Digital Economy

Reznik

Danylevska

Стеблянко

et al. 2020

Rev. Elect. Invest. Ciencias Econ.

Self Cite

View full text Add to dashboard Cite

The relevance of the article is determined by the need to study money laundering in the digital economy since the gradual transition of the state economy to a digital format, including the emergence of electronic money, the spread of electronic banking and the use of other information technologies, leads to the emergence of new methods and schemes for money laundering, which requires the simultaneous identification of contemporary risks of counteracting this type of crime and the search for ways of improving such activity. The purpose of the article is to study the current status and to search for ways to improve the fight against money laundering in the digital economy. Abstract logical, comparative legal methods and critical analysis were used to achieve this goal. It has been found that advances brought by the digital economy were profitable tools for money laundering. The negative consequences of money laundering have been discussed, which updates the task of finding optimal areas for counteraction. It is concluded that such areas are as follows: improving the IT infrastructure of banks, establishing relationships between banks and law enforcement agencies, preventing cybercrime, improving the financial monitoring system, ensuring the interaction of financial monitoring entities and law enforcement agencies. The conclusions and provisions set forth in the article are aimed at improving state policy in the field of combating money laundering, taking into account the challenges of the digital economy.

show abstract

Section: Results and Analysismentioning

confidence: 99%

Current Status And Prospects Of Anti-Money Laundering In Digital Economy

Reznik

Danylevska

Стеблянко

et al. 2020

Rev. Elect. Invest. Ciencias Econ.

Self Cite

View full text Add to dashboard Cite

show abstract

“…(2016)); 4) carrying out measures of influence on the state policy of other states concerning Ukraine during carrying out of measures of strategic communication, and also other similar activity (information influence, propaganda and counterpropaganda, state diplomacy and non-state cooperation in the interests of Ukraine, cultural influence, maintenance of contacts with compatriots abroad, etc) (Kovalova, O.V., Korniienko, M.V., & Pavliutin, Y.V. (2020)); 5) carrying out temporary (special, emergency) restrictive measures in situations that threaten the security of the state (Kulish, A., Petrushenko, M., Reznik, O., & Kiselyova, E. (2018)); 6) countering terrorism, separatism and political extremism (Bogutska, O. (2018)); 7) state policy of protection of the state border of Ukraine (Blakyta, G., & Ganushchak, T. (2018)); 8) certain components of the legal regime of military security (Kizian, R. (2019)); 9) legal problems of temporary occupation of the territory of Ukraine, maintaining ties with citizens of Ukraine in the occupied territory, deoccupation and integration of territories (Serafimov, V. (2017), Serbyn, R. et.…”

Section: Literature Surveymentioning

confidence: 99%

Legal mechanism to ensure national security in the field of use of natural resources

Шуміло¹,

Lytvyn²,

Shablystyi³

et al. 2021

JESI

View full text Add to dashboard Cite

The legal basis for the national security of Ukraine is the Constitution of Ukraine, according to which laws, doctrines, concepts, strategies, and programs are developed, which determine the targets and guidelines for the national security policy of the Ukrainian state in order to timely identify, prevent, and neutralize real and potential threats to the national interests of Ukraine. Ukraine is one of the countries with a deficit of its own natural hydrocarbon resources. Lack of necessary reserves, dependence on energy imports pose a threat to the country's energy security. The transformation of the oil and gas sector of Ukraine and the creation of an effective organizational model should provide sufficient control over the areas of activity to ensure effective resource consumption in the oil and gas sector of the economy, grouped into appropriate blocks. Blocks should include directions of action to achieve the effect and further development of the industry, as well as to ensure effective control. Conclusions on the development of the oil and gas sector in Ukraine are made, ways to improve using the SWOT analysis technique are suggested. That is, the author has analyzed the oil and gas sector from the point of view of existing and potential opportunities, threats, advantages, and disadvantages. At the same time, the requirements of the Third Energy Package for the separation of the transport function from the gas production and supply business are provided, and it is also taken into account that the operator is removed from the structure of a vertically integrated company and is not associated with it by legal, financial, and managerial ties. The success of modernization should become an important driver of reform of the entire state oil and gas sector of the Ukrainian economy and have a long-term impact on the entire society, the lives of citizens, and business.

show abstract

“…This allowed identifying the main vulnerabilities of the legislative framework on anti-money laundering. Kulish et al (2018) investigated the problem of overcoming the shadow economy in general and the money laundering, in particular, through the prism of institutional and structural factors These scientists offer the solution of this issue through the analysis of an influence on the structural policy and mechanism of its implementation, possible changes in the structure of the public administration, institutional changes, management of the state corporate rights, as well as a new stage of denationalization of the property and the privatization.…”

Section: Literature Reviewmentioning

confidence: 99%

Money Laundering Risk in Developing and Transitive Economies: Analysis of Cyclic Component of Time Series

Levchenko

Boyko

Bozhenko

et al. 2019

Business: Theory and Practice

View full text Add to dashboard Cite

Money laundering has become a global threat to the international stability and security, leading both to economic and social upheavals, and to an increase in terrorist threats. Therefore, an objective necessity arises for a more detailed study of the money laundering within the scope of its developmental patterns and time-dependent behaviour. The study mission is the development of a theoretical framework and methodological support for modelling the cyclic component of the money laundering risk. The correlation and regression are used for isolating the cyclic component. In turn, the Fourier harmonic analysis allows specifying the cyclic component. Additionally, we carried out a decomposition of time series, analysis of its volatility and persistence using the Hurst exponent. We determined the peaks, downturns and duration of the money laundering cycles in the developed economies and economies in transition, and established the possibility of predicting this process in the medium term. We proved the internationalization of the money laundering and the similarity of behaviour of trends that characterize it both for developed economies among themselves and between groups of countries. The further scientific research is needed within the framework of the imposition of trends in the development of the money laundering processes of some countries on others and the formation of international medium-term anti-fraud strategies.

show abstract

The relations unshadowing in business activities: the economic and legal factors of security at the macroeconomic level

Cited by 8 publications

References 6 publications

Current Status And Prospects Of Anti-Money Laundering In Digital Economy

Current Status And Prospects Of Anti-Money Laundering In Digital Economy

Legal mechanism to ensure national security in the field of use of natural resources

Money Laundering Risk in Developing and Transitive Economies: Analysis of Cyclic Component of Time Series

Contact Info

Product

Resources

About