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Methodical Approach to the Assessment of Risks Connected With the Legalization of the Proceeds of Crime

Author

Listed:
  • Nadiya Kostyuchenko
  • Mykola Starinskyi
  • Inna Tiutiunyk
  • Iana Kobushko

Abstract

The aim of the research is to develop a scientific and methodical approach, which consists in the timely identification of systemic risks connected with the legalization of the proceeds of crime, their formalization, assessing and monitoring in order to prevent these transactions occurrence. The article analyzes the state of the Ukrainian economy in terms of its level of shadow economy, the corruption index, and the amount of illegal withdrawal of funds from the country. The key ways and methods of money laundering in Ukraine are defined. The components of the process of illegal withdrawal of funds abroad have been studied as well as key drivers and methods of shadow economy have been identified. The theoretical foundations of the development of the of formalization and assessment model of systemic risks of hiding proceeds are highlighted.

Suggested Citation

  • Nadiya Kostyuchenko & Mykola Starinskyi & Inna Tiutiunyk & Iana Kobushko, 2018. "Methodical Approach to the Assessment of Risks Connected With the Legalization of the Proceeds of Crime," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 23-43.
    • Handle: RePEc:mje:mjejnl:v:14:y:2018:i:4:p:23-43
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    Cited by:

    1. Stanislav Zlyvko & Serhii Shkliar & Anatoliy Kovalenko & Maksym Sykal & Oleksandr Snigerov, 2021. "Legitimization of income of clients as a factor of financial stability of banks," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(4), pages 668-681, June.
    2. Nestor SHPAK & Ihor KULYNIAK & Maryana GVOZD & Olga PYROG & Wlodzimierz SROKA, 2021. "Shadow Economy And Its Impact On The Public Administration: Aspects Of Financial And Economic Security Of The Country'S Industry," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2021(36), pages 81-101, June.
    3. Tetyana Pimonenko & Yuriy Bilan & Jakub Horák & Liudmyla Starchenko & Waldemar Gajda, 2020. "Green Brand of Companies and Greenwashing under Sustainable Development Goals," Sustainability, MDPI, vol. 12(4), pages 1-15, February.

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