scholarly journals Fraud in the banking system of Ukraine: ways to combat taking into account foreign experience

2021 ◽  
Vol 10 (45) ◽  
pp. 208-220
Author(s):  
Oleh V. Kyrychenko ◽  
Olena A. Soldatenko ◽  
Olena V. Gorokhovska ◽  
Maryna O. Voloshyna ◽  
Larysa O. Maksymova
Keyword(s):  
Internal Control ◽  
Standard Procedure ◽  
Banking System ◽  
Developed Countries ◽  
Legal Framework ◽  
Systematic Analysis ◽  
Lack Of Information ◽  
Definition Of ◽  
Banking Institution ◽  
Financial Monitoring

The article aims to identify effective ways to combat bank fraud in Ukraine. Using the method of systematic analysis of theoretical experience, practical measures and international legislation in the field of combating banking fraud, the main factors influencing the bank fraud level are identified: financial instability of the banking institution, lack of information about the client's credit history, poor internal control, low level of corporate governance, lack of a standard procedure for customers verification, lack of a unified register of bank employees, imperfect legal regulators and a banking control system. The study allowed to identify the characteristics of an effective banking fraud combating system: a clear definition of the legal framework, regulation subjects and objects, strict and guaranteed liability for violations of laws, cooperation of structural units and regulatory authorities at the domestic and international level, state control of financial monitoring. As a result of the study, it was concluded that the successful experience of developed countries, comprehensive implementation of measures to combat bank fraud (at the legislative, bank management and technological level) will not only reduce the level of bank fraud, but also corruption, money laundering and terrorist financing rate.

scholarly journals Open issues and perspectives of the present arrangements between FR of Yugoslavia and international financial institutions

2003 ◽  
Vol 46 (1-2) ◽  
pp. 55-72
Author(s):  
Pero Petrovic
Keyword(s):  
Financial Institutions ◽  
Free Market ◽  
Banking System ◽  
Macroeconomic Policy ◽  
Legal Framework ◽  
International Financial Institutions ◽  
Open Questions ◽  
Foreign Countries ◽  
Definition Of ◽  
New Framework

The economic-financial relations with foreign countries and organizations and that is include transition of the Yugoslav politics and it is complex subject about characteristics of the actual arrangements of the FR Yugoslavia with international financial institutions and organizations and that is only one important part. But interrelations that processes is obviously for this article main subject are open questions and dealed with it a perspective of the future arrangements. We must take micro and macroeconomic measures dealed with problems of our society and economy that arrangements will be important factors of the development of the economic development. International Monetary Found is concluded that FR of Yugoslavia have a great successes in the reforms of macroeconomic policy and in the first part dealing with inflation and growth of the currency reserves and growth of the industry production. Dealing with new macroeconomic policy bring the results and new tax politics and liberalization of the tax policy an currency system at the beginning of this year. New framework of the privatization and definition of banking system there is create a new legal framework with goal of transformation economy to free market economy.

scholarly journals Contemporary forms and methods of counteracting narcotization of the youth

2020 ◽  
Vol 9 (28) ◽  
pp. 377-385
Author(s):  
Anatoliy Trokhymovych Komziuk ◽  
Ruslan Semenovych Orlovskyi ◽  
Bohdan Mykhailovich Orlovskyi ◽  
Taisa Vasylivna Rodionova
Keyword(s):  
Law Enforcement ◽  
Developed Countries ◽  
Law Enforcement Agencies ◽  
Lower Efficiency ◽  
Systematic Analysis ◽  
Legal Method ◽  
The Developed Countries ◽  
Definition Of ◽  
Major Factors ◽  
Preventive Methods

The purpose of the paper is to examine the most efficient forms and methods of counteracting narcotization in society, especially of the youth, and also to characterize the most important factors of the proliferation of narcotization. The authors used the following methods in the research: dialectical, dogmatic, method of systematic analysis and comparative-legal method. The paper analyses forms and methods of counteracting narcotization of the youth in Ukraine and worldwide. It elaborates the definition of the following terms: “narcotization”, “counteracting narcotization”, “forms of counteracting narcotization” and “methods of counteracting narcotization”. It ascertains that emerging and proliferation of narcotization has a direct correlation with the complex of social factors, each one of them obtained a specific characteristic. Besides analyzing the major factors of emergence and proliferation of narcotization of the youth, the paper gives particular attention to defining forms, methods and means of counteracting this socially harmful phenomenon. The paper studies positive experience in regard to activities of law enforcement agencies of the developed countries in the sphere of counteracting narcotization, including narcotization of the youth. It emphasizes that coercive methods of reducing narcotization have much lower efficiency compared to preventive methods that are generally more humane and economically efficient. The paper formulates the conclusion about the necessity of ongoing engagement of the community in counteracting narcotization of society, especially of the youth.

scholarly journals DEVELOPMENT OF THE FINANCIAL MONITORING SYSTEM AS A COMPONENT OF FORMATION OF EFFECTIVE CONTROL AND SECURITY IN UKRAINE

2021 ◽  
Author(s):  
Yaroslav Dropa ◽  
Sofiya Teslya ◽  
Maria Pikhotska
Keyword(s):  
Money Laundering ◽  
Banking System ◽  
Legal Framework ◽  
Economic Security ◽  
Assessment System ◽  
Effective Control ◽  
Business Culture ◽  
Political Security ◽  
Financial Monitoring

The article considers the problem of legalization (laundering) of proceeds from crime and terrorist financing, which is a global threat to economic and political security in the world and in Ukraine in particular. In the domestic economy, this problem is complicated by a number of factors, in particular: the high level of the shadow economy, corruption, protracted military conflict and occupation of part of the territory, political instability and low business culture. The solution to these problems is possible through the organization of an effective system of public financial monitoring, which will help curb the growth of organized crime by taking measures to prevent money laundering, financing the production of weapons of mass destruction and terrorism. Given the above issues, the paper reveals the essence, objectives, functions and role of financial monitoring in ensuring economic security. The authors analyze the legal framework for the formation of financial monitoring in Ukraine, emphasize the positive trends of its development, as well as, taking into account foreign experience, suggest ways to improve it. An analysis of financial indicators that reflect the financial transactions that are subject to financial monitoring during 2011 – 2020 and emphasizes that the banking system plays an important role in combating money laundering and financing of criminal activities. The role of the National Bank of Ukraine in conducting systematic monitoring of the activities of banking institutions and non-banking financial organizations is determined, the activity of domestic subjects of primary financial monitoring in general is assessed. It is noted that the effectiveness of the national risk assessment system directly depends on effective cooperation on a joint basis of the subjects of state financial monitoring, the subjects of primary financial monitoring, law enforcement agencies and non-financial institutions. It is argued that in order to preserve and develop market principles of the financial system and security of Ukraine, it is necessary to develop a comprehensive system of financial monitoring as an important factor in increasing the level of national security.

scholarly journals Procedures for Financial Monitoring of the Banking Sector in Russia

2017 ◽  
Vol 12 (3) ◽  
pp. 89-96
Author(s):  
A. I. Andrianova
Keyword(s):  
Russian Federation ◽  
Banking Sector ◽  
Banking System ◽  
Financial Control ◽  
Combined Control ◽  
The Russian Federation ◽  
Definition Of ◽  
Financial Monitoring ◽  
Banking Operations

The article analyzes the nature, content, and variety of procedures that are used by authorized subjects (organizations and government agencies) for the purposes of financial monitoring as a form of financial control of banking operations in the Russian Federation. The author proposes a classification of financial monitoring procedures based on analysis of the national banking legislation and secondary legal acts issued by the Central Bank of the Russian Federation. A definition of the notion of legal techniques used for financial monitoring of the banking system in Russia is also presented. The paper argues in favor of comprehensive financial monitoring, as well as combined control and informational nature of procedures used for the financial monitoring of banking operations in Russia.

scholarly journals The Debate on the Ethics of AI in Health Care: a Reconstruction and Critical Review

2019 ◽  
Author(s):  
Jessica Morley
Keyword(s):  
Ethical Issues ◽  
Personalised Medicine ◽  
Healthcare Services ◽  
Legal Framework ◽  
Ethical Challenges ◽  
Levels Of Abstraction ◽  
Systematic Analysis ◽  
Healthcare Settings ◽  
Healthcare Needs ◽  
Definition Of

Healthcare systems across the globe are struggling with increasing costs and worsening outcomes. This presents those responsible for overseeing healthcare with a challenge. Increasingly, policymakers, politicians, clinical entrepreneurs and computer and data scientists argue that a key part of the solution will be ‘Artificial Intelligence’ (AI) – particularly Machine Learning (ML). This argument stems not from the belief that all healthcare needs will soon be taken care of by “robot doctors.” Instead, it is an argument that rests on the classic counterfactual definition of AI as an umbrella term for a range of techniques that can be used to make machines complete tasks in a way that would be considered intelligent were they to be completed by a human. Automation of this nature could offer great opportunities for the improvement of healthcare services and ultimately patients’ health by significantly improving human clinical capabilities in diagnosis, drug discovery, epidemiology, personalised medicine, and operational efficiency. However, if these AI solutions are to be embedded in clinical practice, then at least three issues need to be considered: the technical possibilities and limitations; the ethical, regulatory and legal framework; and the governance framework. In this article, we report on the results of a systematic analysis designed to provide a clear overview of the second of these elements: the ethical, regulatory and legal framework. We find that ethical issues arise at six levels of abstraction (individual, interpersonal, group, institutional, sectoral, and societal) and can be categorised as epistemic, normative, or overarching. We conclude by stressing how important it is that the ethical challenges raised by implementing AI in healthcare settings are tackled proactively rather than reactively and map the key considerations for policymakers to each of the ethical concerns highlighted.

scholarly journals Methodical approaches for reducing the credit risk

2021 ◽  
Vol 11/1 (-) ◽  
pp. 16-20
Author(s):  
Tetiana HORODETSKA ◽  
Kateryna ZAICHENKO ◽  
Alla IVASHCHENKO
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Banking System ◽  
Developed Countries ◽  
Legal Framework ◽  
Foreign Banks ◽  
Methodological Framework ◽  
Credit Risk Management ◽  
Management Tools ◽  
Starting Point

Banking is inevitably associated with risks. No matter what efforts the bank makes to minimize risks, they will always exist – the only question is to what extent. Lending operations are among the most profitable types of banking, but they are associated with a high level of risk. The instability of the economic situation in the country, the imperfection of the legal framework in this area necessitate a detailed study of the problems of minimizing credit risks. It should be noted that the choice of methods of credit risk management in the bank is quite relevant today. Credit risk management is the most important task of any bank, and choosing the right method of credit risk management will increase the stability, reliability and competitiveness of the banking system, which will positively affect the overall economic condition of the country. Credit risk is the oldest in the system of banking risks and occupies a prominent place. It is necessary to work out an effective system of using the tools recognized by the world banking community to minimize risks, given the possibility of their transfer from the bank to investors. The starting point in the development of the latest risk management tools of the bank should be the creation of a regulatory framework that will regulate this process. It is necessary to improve the existing methodological framework and develop a new methodological framework for credit risk management of the bank, concentrating the advantages of existing assessment methods, create a single method of assessing the borrower's creditworthiness, not to mention a certain algorithm for banks to form credit procedures. It is necessary to adopt the experience of foreign banks in credit risk management. The experience of foreign banks in developed countries, based on a detailed study of all credit procedures, multifactor analysis of the creditworthiness of potential borrowers.

scholarly journals THEORETICAL AND METHODOLOGICAL APPROACHES TO THE DEFINITION OF THE TERM «FINANCIAL RESULT» IN FINANCIAL ACCOUNTING AND AUDIT

2021 ◽  
Author(s):  
Nataliia Mardus ◽  
Svitlana Brik
Keyword(s):  
Internal Control ◽  
Legal Framework ◽  
Financial Accounting ◽  
Main Element ◽  
Main Indicator ◽  
Modern Business ◽  
Methodological Approaches ◽  
Definition Of ◽  
And Control ◽  
Financial Result

The article substantiates the conceptual apparatus "financial result" from the standpoint of forming the main theoretical and methodological approaches to determining the financial results of the enterprise in financial accounting and auditing, which is important in addressing the formation of financial results, which is inherent in financial accounting and auditing from accounting and analytical support, which consists in the operational accounting and control of costs and revenues of the enterprise for a certain period. The results of research of scientific approaches to determining the essence of financial results in accounting have shown that in terms of understanding the essence of financial results in financial accounting and auditing can be defined as a process of calculating it based on legal and regulatory framework and subject to accrual principles. It is established that the financial result should be considered as an object and instrument based on the principles of compliance of costs with income and is the main indicator in the management of economic activity of the enterprise. According to the results of the analysis, it can be stated that the process of accounting and analytical support of the financial results of the enterprise is based on a certain mechanism, which is characterized by the relevant elements of management. The main element of management is the legal framework and regulations on the activities of the enterprise in modern business conditions, the formation of financial results and the distribution of profits. External mechanism for regulating the formation of financial results and the use of enterprise profits and processes that affect the state of market development, industry, investment processes in the industry to which the company belongs and more. The internal mechanism of the management structure of the enterprise and the system of organization of accounting and auditing at the enterprise in relation to the formation of financial results and the use of enterprise profits. Methodical approaches, methods and procedures for internal control at the enterprise in order to manage the process of formation of financial results and manage the profitability of the enterprise.

OBJECTIVES AND FUNCTIONS OF LOBISTRY ACTIVITY IN UKRAINE: REALITIES TODAY AND EVOLUTIONARY FORECAST

2018 ◽  
Vol 1 (12) ◽  
pp. 329-339
Author(s):  
Tikhon Sergeyevich Yarovoy
Keyword(s):  
Civil Society ◽  
Political System ◽  
Developed Countries ◽  
Public Interests ◽  
The Public ◽  
Political Events ◽  
The Developed Countries ◽  
Definition Of ◽  
Industrial Groups

The article is devoted to the research of goals and functions of lobbying activity. The author has processed the ideas of domestic and foreign scientists, proposed his own approaches to the definition of goals and functions of lobbying activities through the prism of public administration. As a result, a generalized vision of the goals and functions of lobbying activities as interrelated elements of the lobbying system was proposed, and a forecast for further evolution of the goals and functions of domestic lobbying was provided. The analysis of lobbying functions allowed us to notice the tendencies in shifting the goals of this activity. If the objectives were fully covered by functions such as mediation between citizens and the state, the information function and the function of organizing plurality of public interests, then the role of strengthening the self-organization of civil society and the function of compromise become increasingly important in the process of formation in the developed countries of civil society and the development of telecommunication technologies. Ukrainian lobbyism will not be left to the side of this process. Already, politicians of the highest level, leaders of financial and industrial groups have to act, adjust their goals (even if they are — declared), taking into account the reaction of the public. In the future, this trend will only increase. The analysis of current research and political events provides all grounds for believing that, while proper regulatory legislation is being formed in Ukraine, the goals and functions of domestic lobbying will essentially shift towards a compromise with the public. It is noted that in spite of the existence of a basic direction of action, lobbying may have several ramified goals. Guided by the goals set, lobbyism can manifest itself in various spheres of the political system of society, combining the closely intertwined interests of various actors in the lobbying process, or even — contrasting them.

The Introduction of Minbenzhuyi and the Return of Its Traditional Chinese Meaning

Cultura ◽  
2019 ◽  
Vol 16 (2) ◽  
pp. 67-88
Author(s):  
Xiaobo LV
Keyword(s):  
Systematic Analysis ◽  
Intellectual Community ◽  
Chinese Context ◽  
Liang Qichao ◽  
Confucian Values ◽  
Chinese Intellectual ◽  
Ancient Literature ◽  
Definition Of ◽  
Chen Duxiu

The concepts of Minben , Minbensixiang , and Minbenzhuyi are rather popular in current Chinese discourse. However, “Minben” was hardly found in Chinese ancient literature as a noun. Around the year of 1916, “Minbenzhuyi” became widely accepted in Japanese intellectual circles, interpreted as one of the Japanese versions of democracy. In 1917, “Minbenzhuyi” was transferred to China as a loanword by Li Dazhao and developed into one of the Chinese definitions of democracy. Nevertheless, Chen Duxiu questioned the meaning of the term in 1919. It was not until 1922 did Liang Qichao bring Minbenzhuyi back into Chinese context and conduct a systematic analysis, which had a lasting impact on Chinese intellectual community. In the following 20 years, Minbenzhuyi was largely accepted in two different senses: 1) interpreted as Chinese definition of democracy; 2) specifically refers to the Confucian idea of “Minshiminting and Minguijunqing (;, ) Gradually, it became evident that Minbenzhuyi in China had grown distant from the meaning of democracy and returned to its traditional Confucian values.

An Analysis of the Demand for Reporting on Internal Control

2000 ◽  
Vol 14 (3) ◽  
pp. 325-341 ◽  
Author(s):  
Heather M. Hermanson
Keyword(s):  
Decision Making ◽  
Financial Reporting ◽  
Internal Control ◽  
Operational Definition ◽  
Financial Statement ◽  
Individual Investors ◽  
Internal Auditors ◽  
Additional Information ◽  
User Groups ◽  
Definition Of

The purpose of this study is to analyze the demand for reporting on internal control. Nine financial statement user groups were identified and surveyed to determine whether they agree that: (1) management reports on internal control (MRIC) are useful, (2) MRICs influence decisions, and (3) financial reporting is improved by adding MRICs. In addition, the paper examined whether responses varied based on: (1) the definition of internal control used (manipulated as broad, operational definition vs. narrow, financial-reporting definition) and (2) user group. The results indicate that financial statement users agree that internal controls are important. Respondents agreed that voluntary MRICs improved controls and provided additional information for decision making. Respondents also agreed that mandatory MRICs improved controls, but did not agree about their value for decision making. Using a broad definition of controls, respondents strongly agreed that MRICs improved controls and provided a better indicator of a company's long-term viability. Executive respondents were less likely to agree about the value of MRICs than individual investors and internal auditors.

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