Journal of Legal, Ethical and Regulatory Issues (Print ISSN: 1544-0036; Online ISSN: 1544-0044)

Abstract

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

Author(s): Olga O. Vakulyk, Nadiia S. Andriichenko, Oleg M. Reznik, Vyacheslav V. Volik, Kateryna D. Yanishevska

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 abovementioned 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 of financial 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.