Topical issues of combating organized crime in the financial sphere: the international aspect

Keywords: organized crime, financial crime, financial crime, cybercrime, globalization, legal acts, money laundering, crime prevention


In the article reveals the problems of combating organized crime in the financial sphere; analyzed international legal acts go -
verning the fight against these types of criminal acts, including cybercrime. In conclusion, it was concluded that it is important to continue
joint activities to combat organized crime in the financial sphere of law enforcement agencies of different states within international
bodies (organizations).
Attention is drawn to the fact that the growth of organized crime in the financial sphere is due, firstly, to the processes of globalization
and integration of world finances, associated with the weakening of social control mechanisms, and secondly – the intensification
of technological progress. Thus, the high rate of integration of the world economy facilitates both legal and illegal financial transactions.
At the same time, integration in the global financial and other (commodity, commodity) markets leads to the fact that the ne -
ga tive consequences of financial crimes, as a rule, are not limited to one country. In particular, organized criminal groups with a high
level of intelligence took advantage of the international crisis that occurred in the coronavirus (COVID-19).
The most common financial crimes committed by organized criminal groups are, first of all, credit card fraud, identity theft and
counterfeiting. This fact is due to two factors: an increase in the total volume of electronic banking operations and high criminal pro -
fitability (exceeds counterfeiting) forgery of credit and debit cards.
In addition, it is important to stress the need to develop a comprehensive international convention against money-laundering, as
a number of provisions on money-laundering are not binding in existing United Nations conventions and the implementation of FATF
recommendations is not common.
To this end, it is necessary to find effective mechanisms on the basis of which appropriate regulations can be developed, aimed
at both stopping and preventing the crimes in question. Also, given the transnational nature of crime, effective control and prevention
measures must be based on a high level of cooperation between states.


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How to Cite
Androsovych, L. (2020). Topical issues of combating organized crime in the financial sphere: the international aspect. Law Review of Kyiv University of Law, 1(3), 292-296. Retrieved from
Criminal law and criminology