MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE
The paper examines the scientists’ approaches to the evaluation of money laundering. Attention is drawn to the macroeconomic results of such an analysis. The research on the scope of money laundering and its impact on the country’s economy is reviewed. Relevant literature and selected techniques ha...
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FINTECH Alliance LLC
2021-01-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
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| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/2893 |
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| author | O. Y. Korystin I. P. Mihus N. P. Svyrydiuk Ya. O. Likhovitskyy О. M. Mitina |
| author_facet | O. Y. Korystin I. P. Mihus N. P. Svyrydiuk Ya. O. Likhovitskyy О. M. Mitina |
| author_sort | O. Y. Korystin |
| collection | DOAJ |
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The paper examines the scientists’ approaches to the evaluation of money laundering. Attention is drawn to the macroeconomic results of such an analysis. The research on the scope of money laundering and its impact on the country’s economy is reviewed. Relevant literature and selected techniques have been highlighted and are widely available in the world. The focus is on discussing the macroeconomic implications of money laundering and on finding methods for evaluating the various scales and conclusions reached by various scholars on the scope and flows of money laundering.
An authors’ approach to the analysis of the phenomenon of money laundering is proposed based on the study of the links between the level of money laundering with the level of vulnerability of economic sectors and the spread of other negative socio-economic phenomena. Using unique empirical data obtained as a result of an expert survey in the field of money laundering, conducted a statistical analysis and test of the statistical hypothesis regarding the presence of interconnections and to determine the essential dependence of money laundering level on the selected indicators’ subgroups of macroeconomic nature for analysis based on Pearson and Kendall’s Taw correlation coefficients.
The conclusions on the correlation between the level of money laundering in Ukraine and macroeconomic processes in Ukraine are substantiated: shadowing of economic relations, optimization of tax burden at the initiative of business entities and «prosperity» of money laundering due to strong corruption ties in this sphere.
The grounds for determining the priorities of further state policy in the sphere of anti-money laundering have been formed, for the national financial monitoring of relevant benchmarks of increased risk of financial transactions in specific sectors of the economy and possible further methodological use of sectoral analysis (with wider coverage of the national economic sectors) money laundering risks.
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| format | Article |
| id | doaj-art-f8e0be0fff514bc8a47615a2d875ba49 |
| institution | OA Journals |
| issn | 2306-4994 2310-8770 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj-art-f8e0be0fff514bc8a47615a2d875ba492025-08-20T02:23:08ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702021-01-0113210.18371/fcaptp.v1i32.200865MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINEO. Y. Korystin0I. P. Mihus1N. P. Svyrydiuk2Ya. O. Likhovitskyy3О. M. Mitina4Doctor of Law, Professor, Honored worker of science and technology of Ukraine, Deputy Director of the State Scientifically Research Institute of the MIADoctor of Economics, Professor, Professor of the department of financial and economic security, vice rector for scientific work, «KROK»Doctor of Law, Associate Professor, Deputy head of the Department of criminological research of the State Scientifically Research Institute of the MIADoctor of Law, Associate Professor of the Department of Criminal Law and the Process, SHEI «Uzhhorod National University»Ph. D. in Philologic, Associate Professor, Associate Professor of the Department of English Philology and Translation Studies, Odessa National Polytechnic University The paper examines the scientists’ approaches to the evaluation of money laundering. Attention is drawn to the macroeconomic results of such an analysis. The research on the scope of money laundering and its impact on the country’s economy is reviewed. Relevant literature and selected techniques have been highlighted and are widely available in the world. The focus is on discussing the macroeconomic implications of money laundering and on finding methods for evaluating the various scales and conclusions reached by various scholars on the scope and flows of money laundering. An authors’ approach to the analysis of the phenomenon of money laundering is proposed based on the study of the links between the level of money laundering with the level of vulnerability of economic sectors and the spread of other negative socio-economic phenomena. Using unique empirical data obtained as a result of an expert survey in the field of money laundering, conducted a statistical analysis and test of the statistical hypothesis regarding the presence of interconnections and to determine the essential dependence of money laundering level on the selected indicators’ subgroups of macroeconomic nature for analysis based on Pearson and Kendall’s Taw correlation coefficients. The conclusions on the correlation between the level of money laundering in Ukraine and macroeconomic processes in Ukraine are substantiated: shadowing of economic relations, optimization of tax burden at the initiative of business entities and «prosperity» of money laundering due to strong corruption ties in this sphere. The grounds for determining the priorities of further state policy in the sphere of anti-money laundering have been formed, for the national financial monitoring of relevant benchmarks of increased risk of financial transactions in specific sectors of the economy and possible further methodological use of sectoral analysis (with wider coverage of the national economic sectors) money laundering risks. https://fkd.net.ua/index.php/fkd/article/view/2893correlation analysislink strengthmacroeconomic methodsmoney launderingshadow economystatistical linking |
| spellingShingle | O. Y. Korystin I. P. Mihus N. P. Svyrydiuk Ya. O. Likhovitskyy О. M. Mitina MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE Фінансово-кредитна діяльність: проблеми теорії та практики correlation analysis link strength macroeconomic methods money laundering shadow economy statistical linking |
| title | MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE |
| title_full | MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE |
| title_fullStr | MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE |
| title_full_unstemmed | MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE |
| title_short | MONEY LAUNDERING: MACROECONOMIC ASSESSMENT METHODS AND CURRENT TREND IN UKRAINE |
| title_sort | money laundering macroeconomic assessment methods and current trend in ukraine |
| topic | correlation analysis link strength macroeconomic methods money laundering shadow economy statistical linking |
| url | https://fkd.net.ua/index.php/fkd/article/view/2893 |
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