Home  Journals  National Interests: Priorities and Security  32(269) - 2014 August

Deoffshorization of the Russian economy in the system of counteraction to legalization of proceeds of crime and financing of terrorism

Available online: 20 August 2014

Subject Heading: THREATS AND SECURITY

JEL Classification: 

Pages: 50-66

The article demonstrates that the efforts, which many countries exert to perform deoffshorization of the world and national economies, which are implemented by improving tax legislation on key aspects, contribute to the solving of the problem of combating of the money laundering proceeds (CML) and financing of terrorism (FT). The authors prove that according to the key parameters, the process of deoffshorization is of doctrinal nature, since for its implementation the political economy approach, which is based on the "hard power", "soft power" and "smart power." con-cepts can be applied. The paper emphasizes that the solving of the process of deoffshorization will require integrated application of the documents of the Organization for Economic Coopera-tion and Development (OECD) and the Financial Action Task Force on Money-laundering (FATF).

Keywords: offshore business, deoffshorization, counteraction, criminal proceeds legalization, financing, terror-ism, transfer prices, residents, controlled foreign companies, doctrine, hard power, soft power, smart power, OECD, FATF

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