Bìznes Inform (Jan 2019)
Substantiating the Concept of Legalization of Incomes of Bank’s Clients
Abstract
The article is concerned with formation of the scientifically substantiated definition of the concept of «legalization of incomes of bank’s clients». The analysis of the international legislation, the legislation of Ukraine and the results of previous researches in the sphere of prevention and counteraction of legalization («laundering») of incomes received by criminal means is carried out in view of definition of concepts. The results of the analysis proved that there is no clear definition of the concept of «legalization of incomes» in the context of banking activity both in the legislation and the scientific literature. To formulate the definition of «legalization («laundering») of incomes» the morphological basis and the most frequently used keywords are defined. The author’s own definition of the concept of «legalization of income of the bank’s clients», which takes attention of the morphological basis and the key words generally accepted in the international practice, corresponds to the definitions presented in the laws of Ukraine and can be applied in the process of forming the methodical recommendations for the internal financial monitoring services of banks.
