About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


22 J. Legal Ethical & Regul. Isses 1 (2019)

handle is hein.journals/jnlolletl22 and id is 1 raw text is: Journal of Legal, Ethical and Regulatory Issues INTERNATIONAL ASPECT OF A LEGAL REGULATION IN THE FIELD OF FINANCIAL CRIME COUNTERACTION BY THE EXAMPLE OF SPECIAL SERVICES OF UKRAINE AND THE CIS COUNTRIES Olga O. Vakulyk, National Academy of Internal Affairs Nadiia S. Andriichenko, Sumy State University Oleg M. Reznik, Sumy State University Vyacheslav V. Volik, Sumy State University Kateryna D. Yanishevska, Sumy State University ABSTRACT The article analyzes the legislation of Ukraine, the Russian Federation, the Republic of Belarus, the Republic of Kazakhstan and the Republic of Moldova, which regulates the activities of the special services of the above countries in the area of countering financial crimes. Based on the analysis, it is concluded that these special services are directly related to countering for financial crimes. In this connection, the article discusses and compares the peculiarities of the status and activities of the special services of Ukraine and the above- mentioned states as the entities engaged in counteraction to financial crimes. At the same time, it is noted that the activities of all special services are accompanied by certain disadvantages, which include the function of pre-trial investigation, the lack of established cooperation with law enforcement agencies, including foreign countries, for the effective counter offinancial crimes. The study focuses on the international regulations, which are aimed at counteracting organized crime, including crime in the financial sphere. The analysis of the national and international legislation revealed the areas for improving legislation, which regulates the activities of the special services of Ukraine, the Russian Federation, the Republic of Belarus, the Republic of Kazakhstan and the Republic of Moldova. Keywords: National Financial System, Financial Crime, Financial Crime Counteraction. JEL Classification: K21 INTRODUCTION Before presenting the main material and analyzing the legislation of Ukraine and foreign countries regarding the legal regulation of counteraction to financial crimes, it is advisable to pay attention to the financial system of the country as an object of a financial crime, to the general 1544-0044-22-1-280 Volume 22, Issue 1, 2019 1