УДК: 339.727.22:336

DOI: https://doi.org/10.36887/2415-8453-2021-1-22

Ruslan Lupak
Doctor of Economics, Associate Professor, Professor of the Department of Economy,
Lviv University of Trade and Economics
Natalia Nakonechna
PhD in Economics, Associate Professor, Associate Professor of the Department of Finances and Accounting, Lviv State University of Internal Affairs
Marta Kunytska-Iliash
PhD in Economics, Associate Professor of the Department of Economics of Enterprise, Innovations and Advisory in Ivan Popovych APC,
Lviv Stepan Gzhytskyi National University of Veterinary Medicine and Biotechnologies

JEL classification: E60; Е62; E69


Introduction. To reduce tax payments, businesses are increasingly using dishonest tools, including offshore jurisdictions, which, due to preferential terms, effectively allow money laundering. To strengthen the financial security of the state, a policy should be implemented that will counteract such trends and stimulate the development of fair competition in the domestic financial market. The effectiveness of the relevant state policy is primarily due to the definition of a set of methods and tools on which the processes of its implementation and adjustment will be based.

The purpose of the article is to scientifically substantiate the conceptual characteristics and practical recommendations for the development and implementation of anti-money laundering using offshore jurisdictions policy, ensuring the strengthening of financial security of the state.

Results. The preconditions that determine the quality of money management in the state and the relative level of its financial security are described. The priority importance of the effectiveness of the state policy against money laundering with the use of offshore jurisdictions in the context of ensuring the financial security of the state is highlighted. The article substantiates the substantive characteristics of the formation of systemic preconditions for combating money laundering related to monetary policy, foreign trade relations, innovation-technological and institutional-investment development, ensuring the competitiveness and import independence of the state. The basic set of methods (institutional-legal, administrative-organizational, financial-investment, social-psycholo-gical) and according to them the tools that it is appropriate to implement first of all at the initial stages of realization of the state policy of anti-money laundering in the analyzed sphere is defined.

Conclusions. The proposed composition of methods and tools of state policy to combat money laundering using offshore jurisdictions allows to determine the characteristics by which it is possible to reliably draw conclusions about the successful strengthening of financial security of the state.

Keywords: offshore jurisdictions, offshore, financial security, public policy, money laundering.


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The article was received 20.01.2021