+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

Enhancement of government monitoring in counteracting the legalization of proceeds from crime

Vol. 18, Iss. 6, JUNE 2022

Received: 20 January 2022

Received in revised form: 26 March 2022

Accepted: 7 May 2022

Available online: 15 June 2022

Subject Heading: ECONOMIC SECURITY

JEL Classification: E44, G15, G18, P33, P45

Pages: 1167–1187

https://doi.org/10.24891/ni.18.6.1167

Natal'ya A. PUTINTSEVA Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
p.i.r@rambler.ru

https://orcid.org/0000-0003-3431-1774

Pavel M. KORNEV Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
dtctvfevralskiy@gmail.com

https://orcid.org/0000-0002-2431-9265

Vladislav V. SOKOLOVSKII Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
sokolovskiy.vladislav@mail.ru

https://orcid.org/0000-0001-8838-1570

Maksim V. IVANOV Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russian Federation
ivanov_mv@spbstu.ru

https://orcid.org/0000-0003-3016-9918

Subject. The article addresses the issue of State financial control.
Objectives. The study aims to develop organizational and economic measures to strengthen control over the sphere of legalization of proceeds from crime.
Methods. We employ general scientific methods of research.
Results. The paper considers the statistics of suspicious transactions, which could be connected with money laundering, in the banking sector of the Russian Federation. We revealed the main trends related to withdrawal of funds outside the Russian Federation through operations with securities in 2016–2021. Based on international experience, we suggest instruments to improve the State financial control.
Conclusions. It is advisable to limit transfers between noteholders. Mandatory control over legal entities’ operations of trading securities for cash is required.

Keywords: stock market, bills and notes, financial control, anti-money laundering / combating the financing of terrorism

References:

  1. Korinnoy A.G., Litvinenko A.N. [Factors affecting the cryptocurrency's shadow component in Russia]. Nauchno-tekhnicheskie vedomosti Sankt-Peterburgskogo gosudarstvennogo politekhnicheskogo universiteta. Ekonomicheskie nauki = St. Petersburg State Polytechnic University Journal. Economics, 2021, vol. 14, iss. 3, pp. 52–61. (In Russ.) URL: Link
  2. Manning M., Wong G.T.W., Jevtovic N. Investigating the Relationships Between FATF Recommendation Compliance, Regulatory Affiliations and the Basel Anti-Money Laundering Index. Security Journal, 2021, vol. 34, iss. 3, pp. 566–588. URL: Link
  3. Putintseva N.A., Ushakova E.V. [New solutions to the problem of stagnating socio-economic development in Russia]. Ekonomika i upravlenie = Economics and Management, 2020, vol. 26, no. 1, pp. 74–85. (In Russ.) URL: Link
  4. Podgornyi B.B. [Russian stock market as a social field: The statement of the problem]. Vestnik Nizhegorodskogo universiteta imeni N.I. Lobachevskogo. Seriya: Sotsial'nye nauki = Vestnik of Lobachevsky State University of Nizhny Novgorod. Series: Social Sciences, 2017, no. 4, pp. 135–143. URL: Link (In Russ.)
  5. Khabrieva T.Ya. [Counteraction to the legalization (laundering) of proceeds from crime and the financing of terrorism in the context of the digitization of economy: Strategic objectives and legal solutions]. Vserossiiskii kriminologicheskii zhurnal = Russian Journal of Criminology, 2018, vol. 12, iss. 4, pp. 459–467. (In Russ.) URL: Link.459-467
  6. Jakobi A.P. Governing Illicit Finance In Transnational Security Spaces: The FATF and Anti-money Laundering. Crime, Law and Social Change, 2018, vol. 69, iss. 2, pp. 173–190. URL: Link
  7. Shaikh A.K., Al-Shamli M.S., Nazir A. Designing a Relational Model to Identify Relationships Between Suspicious Customers in Anti-Money Laundering (AML) Using Social Network Analysis (SNA). Journal of Big Data, 2021, vol. 8, iss. 1. URL: Link
  8. Singh K., Best P. Anti-Money Laundering: Using Data Visualization to Identify Suspicious Activity. International Journal of Accounting Information Systems, 2019, vol. 34. URL: Link
  9. Al-Rawashdeh S.H. Crime of Money Laundering in Qatari Law: Definition and Elements: A Comparative Study. Journal of Legal, Ethical and Regulatory Issues, 2020, vol. 23, iss. 5. URL: Link
  10. Kudrevich V.V., Kotlyarov K.O. [Issues of the implementation of fraudulent schemes of money laundering / terrorist financing in the securities market]. Ekonomika i upravlenie: teoriya i praktika = Economy and Management: Theory and Practice, 2019, vol. 5, no. 3, pp. 22–28. URL: Link (In Russ.)
  11. Bolgorian M., Mayeli A. Accounting Conservatism and Money Laundering Risk. Accounting Research Journal, 2021, vol. 33, iss. 2, pp. 343–361. URL: Link
  12. Mashunin Yu.K. Strategic Development of the Multi-level Socio-Economic System of the State in the Digital Economy. Nauchno-tekhnicheskie vedomosti Cankt-Peterburgskogo gosudarstvennogo politekhnicheskogo universiteta. Ekonomicheskie nauki = St.Petersburg State Polytechnical University Journal. Economics, 2021, vol. 14, iss. 2, pp. 22–49. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 18, Iss. 6
June 2022

Archive