Mechanisms of money laundering obtained from cybercrime: the legal aspect
| DOI | https://doi.org/10.1108/JMLC-02-2021-0015 |
| Published date | 07 May 2021 |
| Date | 07 May 2021 |
| Pages | 297-305 |
| Subject Matter | Accounting & finance,Financial risk/company failure,Financial compliance/regulation,Financial crime |
| Author | Yuriy Yu. Nizovtsev,Oleg A. Parfylo,Olha O. Barabash,Sergij G. Kyrenko,Nataliia V. Smetanina |
Mechanisms of money laundering
obtained from cybercrime:
the legal aspect
Yuriy Yu. Nizovtsev and Oleg A. Parfylo
Department of International Cooperation,
Ukrainian Scientific and Research Institute of Special Equipment and
Forensic Expertise of the Security Service of Ukraine, Kyiv, Ukraine
Olha O. Barabash
Department of General Law Disciplines, Lviv State University of Internal Affairs,
Lviv, Ukraine
Sergij G. Kyrenko
Department of Law, Faculty of Economics and Law,
Kyiv National Linguistic University, Kyiv, Ukraine, and
Nataliia V. Smetanina
Department of Criminology and Penitentiary Law,
Yaroslav Mudryi National Law University, Kharkiv, Ukraine
Abstract
Purpose –The use of computer technology to commit cyber laundering increases their social danger,
creates new ways to commitcyber laundering, causes the masking of traces of cyber launderingand expands
the geography of cyber laundering, whileeliminating traditional state borders. That is why, the researched
problems havea high level of relevance. The purpose ofthis research is to promote the spread of international
standards in the field of combating moneylaundering, as well as an analysis of the mechanisms of money
launderingobtained from cybercrime.
Design/methodology/approach –The leading methods thatwere used in the article for the purpose of
conducting research werea number of general scientific methods,such as analysis and synthesis, deduction,
induction, forecasting, modeling, analogy and a number of special methods of study and cognition, which
include comparativelegal, historical legal, formal legal and structuralfunctional methods.
Findings –The main results prospects for further research and the applied value of the material. Large-
scale cyber laundering of illegal incomehas long become a global problem that requires a solution from all
states of the world, which means that these problems can only be overcome through active interstate
cooperation.
Originality/value –The article analyzes inter alia the internationallegislation in the field of money laundering
mechanisms obtained from cybercrimeand examines the activities of international organizations in this area.
Keywords Cyberspace, Money laundering, International organizations, Cybercrime,
International law, Cyber laundering
Paper type Research paper
Availability of data and materials: Data will be available on request.
Competing interests: The authors declare that they have no competing interests.
Funding: This research did not receive any specific grant from funding agencies in the public,
commercial, or not-for-profit sectors.
Mechanisms of
money
laundering
297
Journalof Money Laundering
Control
Vol.25 No. 2, 2022
pp. 297-305
© Emerald Publishing Limited
1368-5201
DOI 10.1108/JMLC-02-2021-0015
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