CORRELATION BETWEEN FINANCIAL FRAUD TYPES AND FINANCIAL SYSTEMS OF WORLD COUNTRIES
Journal: ECONOMIC AND SOCIAL RESEARCH
№ 1
, 2024
Authors:
1.
St. Petersburg State University
graduate student
Russian Federation
graduate student
Russian Federation
Type:
Article
ELocator
:
71—79
Status:
Published
Received:
12.12.2023
Accepted:
20.03.2024
Published:
20.03.2024
Subject area:
UDC 338
Language:
Russian
Keywords:
financial fraud, fraud types classification, anti-fraud, fraud risks
Abstract:
In this work, the main directions of international organizations activities on financial fraud issues are noted. The lack of coordination and of common classification of financial fraud, presenting a fundamental problem for international organizations and the global economics, is identified. The correlation between financial fraud and the financial systems of the countries in which the business operates has been studied and patterns of fraudulent activity inherent in certain existing systems have been identified. The research has confirmed the global dominance of cybercrimes and fraud using IT in almost all sectors of economics. The author advises on mitigating existing risks (including risks of information transparency) for Russian enterprises in the sectors of economics that are most susceptible to fraudulent activities.
In this work, the main directions of international organizations activities on financial fraud issues are noted. The lack of coordination and of common classification of financial fraud, presenting a fundamental problem for international organizations and the global economics, is identified. The correlation between financial fraud and the financial systems of the countries in which the business operates has been studied and patterns of fraudulent activity inherent in certain existing systems have been identified. The research has confirmed the global dominance of cybercrimes and fraud using IT in almost all sectors of economics. The author advises on mitigating existing risks (including risks of information transparency) for Russian enterprises in the sectors of economics that are most susceptible to fraudulent activities.
Keywords:
financial fraud, fraud types classification, anti-fraud, fraud risks
financial fraud, fraud types classification, anti-fraud, fraud risks
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2. Kuznetsov D. S., Guseva M. N. “Intensifying the Fight against Financial Fraud”. Nauka i Obrazovaniye 5.3 (2022): 205. Web. (In Russian). EDN: https://elibrary.ru/ICWCIT.
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