Vozniakovska K. The Economic Law Measures for Counteractions to Legalization of the Proceeds from Crime

Thesis is devoted to the specific Economic Law mechanism of prevention and counteractions of legalization (laundering) of the proceeds of crime. A comprehensive study of the Economic Law concepts of legalization of proceeds of crime and the role of Economic Law in preventing and combating legalization of these proceeds was fulfilled. The correlation of Criminal Law and Economic Law measures in this field is analyzed. Economic Law nature of financial monitoring in the field of preventing and counteracting legalization (laundering) of the proceeds of crime is explained. Proposals to supplement the law on registration of business entities, the invalidation of money laundering transactions, introduction of accounting for business transactions of all categories of taxpayers are made. The particular attention is paid to the relation of measures to combat the underground economy and money laundering. Excessive repressiveness of measures on Anti-Money Laundering is called one of that which directly affects the shadow economy. It is proposed to link the measures on Anti-Money Laundering and legal arrangements of organizational, antitrust, taxing, pricing and other properties which promote legitimate economic activity.