International expertise in tracking and recovery of illegal financial flows
No Thumbnail Available
Date
2022
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
INCE
Abstract
Illicit financial flows represent a global challenge for both developing and developed countries, and the accessibility of financial instruments and the level of inclusion in the global economy are directly proportional, both, to economic development and the value of these flows. At the same time, the countries of the world at the level of addressing the problem of illicit financial flows register different successes - from the refuse to sign international conventions in the field of preventing and combating corruption, money laundering, the fight against tax evasion, up to the
development of their own reporting mechanisms at the global level of the information necessary to combat and recover illicit financial flows. In this article, the experience of some countries in the field of tracing and recovering illicit financial flows is reported, at the same time, the international regulations in this field are analyzed. The research methodology was based on the following methods and techniques: analysis and synthesis, induction and deduction, graphical and tabular methods, methods inherent in economic disciplines - observation, reasoning, comparison, classification, which allowed an in-depth analysis of the research topic. The data
sources of the paper constituted the legislative basis of European Parliament in the domain of combatting corruption and illegal financial flows, as well as some states’progress reports of combatting financial corruption phenomenon.
Description
Referinţe bibliografice: pp. 86-87 (11 titl.). JEL Classification: E26, K42. UDC: 343.359.
Keywords
illicit financial flows, FATF, FATCA, MONEYVAL, Basel AML Index, OECD, AEOI, fluxuri financiare ilicite
Citation
IORDACHI, Victoria, CALPAJIU, Pavel. International expertise in tracking and recovery of illegal financial flows. In: Economic growth in the conditions of globalization: conference proceedings: International Scientific-Practical Conference, XVIth edition, October 12-13, 2022, Chisinau. Chisinau: INCE, 2022, volume II, pp. 77-87. ISBN 978-9975-3583-9-2; ISBN 978-9975-3385-6-1 (PDF). https://doi.org/10.36004/nier.cecg.III.2022.16.6