FEATURES OF FINANCIAL CRIME IN THE USA UNDER MODERN CONDITIONS
Journal Title: Юридичний бюлетень - Year 2018, Vol 7, Issue 2
Abstract
Some crimes that are most often committed on US financial markets are considered. The peculiarities of corporate, mortgage and investment fraud, as the most widespread forms of crime on the US financial markets, are analyzed. A comparison of some of the investigated forms of criminal activity with acts committed on the national financial market is carried out. It was noted that since the beginning of the financial crisis, there was an increase in the number of detected facts of mortgage fraud, while in those regions where the demand for mortgages was higher, the growth rates of the specified type of offenses also were more significant. It was determined that the emergence of complex investment instruments and a significant increase in the amount of money invested in financial instruments created favorable conditions for both physical and legal entities to implement fraudulent schemes. It is noted that the FBI's cooperation with the public on informing the public about measures to combat corporate fraud plays an important role in coordinating the fight against financial crime. Thanks to this, the FBI is raising the public's awareness of the facts of committing financial fraud and the consequences of these acts that are occurring for criminals. These measures are purposeful preventive and keep those who plan to commit a crime from active action in this direction. It is concluded that the financial crime in the United States is the perpetration of crimes related to the falsification of financial information, insider trading, sub-lender fraud in the area of mortgage lending, and investment fraud (fraudulent acts committed in the process of selling financial instruments). These manifestations are not an exception in the Ukrainian territory, which actualizes the need to take into account the experience of fighting law enforcement agencies of leading foreign countries, in particular, the FBI.
Authors and Affiliations
Олена Вікторівна Тихонова
Keywords
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