Analysis of International Experience in Building Anti-Money Laundering and Counter-Terrorist Financing Mechanisms in the Digital Economy

Vladimir Avdiysky, Vyacheslav Bezdenezhnykh

2021

Abstract

The objective of this paper is to analyze foreign experience in building anti-money laundering and counter-terrorist financing mechanisms to improve Russian AML/CFT legislation and government policy aimed at enhancing the effectiveness of anti-money laundering efforts under the current conditions of digital transformation. The tasks that are expected to be accomplished in order to meet the objective: analysis of the existing foreign methodologies for the collection, analysis and pre-checking of data on financial and economic transactions involving funds or other assets of an illegal or economically inappropriate nature; substantiation of the need to transform state policy in the sphere of cooperation with foreign countries and international organizations in the field of AML/CFT; formulation of proposals for the formation of a framework for digital info-analytic and organizational and methodological state control of measures to detect and suppress the legitimization (laundering) of proceeds of crime. Theoretical foundation of the study consists of the works of domestic and foreign criminologists, legal scholars, economists, sociologists and political scientists dealing with the problems of combating money laundering, identification and elimination of causes and conditions contributing to the commission of these offences, countering corruption, theft, fraud, drug trafficking and other offences for the purpose of untaxed income.

Paper Citation

in Harvard Style

Avdiysky V. and Bezdenezhnykh V. (2021). Analysis of International Experience in Building Anti-Money Laundering and Counter-Terrorist Financing Mechanisms in the Digital Economy. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 303-311. DOI: 10.5220/0010699200003169

in Bibtex Style

@conference{ses21,
author={Vladimir Avdiysky and Vyacheslav Bezdenezhnykh},
title={Analysis of International Experience in Building Anti-Money Laundering and Counter-Terrorist Financing Mechanisms in the Digital Economy},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={303-311},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010699200003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Analysis of International Experience in Building Anti-Money Laundering and Counter-Terrorist Financing Mechanisms in the Digital Economy
SN - 978-989-758-546-3
AU - Avdiysky V.
AU - Bezdenezhnykh V.
PY - 2021
SP - 303
EP - 311
DO - 10.5220/0010699200003169