INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET

The article analyses the development of international agreements on the means of controlling financial activities, concluded to counteract the laundering of proceeds from crime and the financing of terrorism. The study was carried out by analytical methods based on domestic legislation, internationa...

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Autores principales:	I. V. Vashchekina, A. N. Vashchekin
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2021
Materias:	digital technologies countermeasure cryptocurrencie financial organizations illegal money laundering international agreement payment system tax optimization Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/459bf71a74dd44fe9ef9b3dbda22a122
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spelling	oai:doaj.org-article:459bf71a74dd44fe9ef9b3dbda22a1222021-12-03T07:43:35ZINTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET1816-42772686-841510.26425/1816-4277-2021-1-126-133https://doaj.org/article/459bf71a74dd44fe9ef9b3dbda22a1222021-02-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2636https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The article analyses the development of international agreements on the means of controlling financial activities, concluded to counteract the laundering of proceeds from crime and the financing of terrorism. The study was carried out by analytical methods based on domestic legislation, international agreements and regulations. As a result of thirty years of work on organizing interaction in the developing three-level financial monitoring system, a whole set of measures has developed, the main development trend of which is to reduce information uncertainty. In this regard, the fifth generation of agreements on the limitation of potentially illegal activities in the financial sector, introduced in 2020, is acquiring special importance. The legal entities covered by the restrictive and control measures now include crypto exchange platforms, virtual wallet providers, as well as firms that provide currency exchange services. In a number of areas, information is automatically exchanged about ongoing transactions, as well as about their participants – clients of banks, insurance and brokerage companies, investment funds, in order to prevent aggressive tax planning and make it difficult to access unjustified tax breaks. The paper presents the economic and organizational results of the introduced legal measures.I. V. VashchekinaA. N. VashchekinPublishing House of the State University of Managementarticledigital technologiescountermeasurecryptocurrenciefinancial organizationsillegal money launderinginternational agreementpayment systemtax optimizationSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 1, Pp 126-133 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	digital technologies countermeasure cryptocurrencie financial organizations illegal money laundering international agreement payment system tax optimization Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	digital technologies countermeasure cryptocurrencie financial organizations illegal money laundering international agreement payment system tax optimization Sociology (General) HM401-1281 Economics as a science HB71-74 I. V. Vashchekina A. N. Vashchekin INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
description	The article analyses the development of international agreements on the means of controlling financial activities, concluded to counteract the laundering of proceeds from crime and the financing of terrorism. The study was carried out by analytical methods based on domestic legislation, international agreements and regulations. As a result of thirty years of work on organizing interaction in the developing three-level financial monitoring system, a whole set of measures has developed, the main development trend of which is to reduce information uncertainty. In this regard, the fifth generation of agreements on the limitation of potentially illegal activities in the financial sector, introduced in 2020, is acquiring special importance. The legal entities covered by the restrictive and control measures now include crypto exchange platforms, virtual wallet providers, as well as firms that provide currency exchange services. In a number of areas, information is automatically exchanged about ongoing transactions, as well as about their participants – clients of banks, insurance and brokerage companies, investment funds, in order to prevent aggressive tax planning and make it difficult to access unjustified tax breaks. The paper presents the economic and organizational results of the introduced legal measures.
format	article
author	I. V. Vashchekina A. N. Vashchekin
author_facet	I. V. Vashchekina A. N. Vashchekin
author_sort	I. V. Vashchekina
title	INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
title_short	INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
title_full	INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
title_fullStr	INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
title_full_unstemmed	INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET
title_sort	international measures to counteract the laundering of illegal income of the fifth generation – legal conditions for strengthening the security of the financial market
publisher	Publishing House of the State University of Management
publishDate	2021
url	https://doaj.org/article/459bf71a74dd44fe9ef9b3dbda22a122
work_keys_str_mv	AT ivvashchekina internationalmeasurestocounteractthelaunderingofillegalincomeofthefifthgenerationlegalconditionsforstrengtheningthesecurityofthefinancialmarket AT anvashchekin internationalmeasurestocounteractthelaunderingofillegalincomeofthefifthgenerationlegalconditionsforstrengtheningthesecurityofthefinancialmarket
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INTERNATIONAL MEASURES TO COUNTERACT THE LAUNDERING OF ILLEGAL INCOME OF THE FIFTH GENERATION – LEGAL CONDITIONS FOR STRENGTHENING THE SECURITY OF THE FINANCIAL MARKET

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