Abstract

The article aims to identify effective ways to combat bank fraud in Ukraine. Using the method of systematic analysis of theoretical experience, practical measures and international legislation in the field of combating banking fraud, the main factors influencing the bank fraud level are identified: financial instability of the banking institution, lack of information about the client's credit history, poor internal control, low level of corporate governance, lack of a standard procedure for customers verification, lack of a unified register of bank employees, imperfect legal regulators and a banking control system. The study allowed to identify the characteristics of an effective banking fraud combating system: a clear definition of the legal framework, regulation subjects and objects, strict and guaranteed liability for violations of laws, cooperation of structural units and regulatory authorities at the domestic and international level, state control of financial monitoring. As a result of the study, it was concluded that the successful experience of developed countries, comprehensive implementation of measures to combat bank fraud (at the legislative, bank management and technological level) will not only reduce the level of bank fraud, but also corruption, money laundering and terrorist financing rate.

Highlights

  • Inter-temporal changes in modern reality and current trends in society increase the need to obtain only the most necessary information in a few seconds, without being overloaded with related information; the main principle is access to information with just "one click"

  • The main ways to commit banking crimes can be divided into 4 main groups: 1. Information interception: direct interception and electromagnetic interception

  • This study was aimed at identifying the main trends in the causes and consequences of bank fraud, features and methods of committing such crimes

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Summary

Introduction

Inter-temporal changes in modern reality and current trends in society increase the need to obtain only the most necessary information in a few seconds, without being overloaded with related information; the main principle is access to information with just "one click". Such information development, publicity and simplification of access to information gives new opportunities for the society development. The common forms of fraud involve the use of digital signatures, online transactions, plastic cards. This situation becomes the basis for changing the form of fraud, its globalization and internationalization

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