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Article

Timur Sinuraya

There is an opinion among decision makers in Western Europe that as far as the ‘Russian organised crime’ problem is concerned it will be largely restricted to Russia and…

Abstract

There is an opinion among decision makers in Western Europe that as far as the ‘Russian organised crime’ problem is concerned it will be largely restricted to Russia and that the real threat to Western Europe will be minimal. The truth is that it is in Russia where the problem has to be attacked in order to limit its impact on Western Europe.

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Journal of Financial Crime, vol. 5 no. 4
Type: Research Article
ISSN: 1359-0790

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Article

Timur Sinuraya

The development of organised crime in today's Russia is, first of all, a study of its powers. These powers are not a fixed form of dominion but a constantly shifting…

Abstract

The development of organised crime in today's Russia is, first of all, a study of its powers. These powers are not a fixed form of dominion but a constantly shifting, dynamic series of elements used and manipulated in ways ranging from the most primitive physical intimidation and force to the most subtle and sophisticated methods. It is becoming more obvious that of all elements of organised crime powers the greatest threat now and for the future comes from the immense financial resources available to organised crime in Russia. This paper focuses primarily on the problem of integration of criminally accumulated capital which is coming from the Russian Federation into West European markets. The author poses an objective to identify the problem and the factors which facilitate and inhibit the infiltration of organised crime from Russia into Western Europe, indicating possible implications and trends. In particular attention is given to the problem of the so‐called illegal flight of capital, which goes mainly to Western Europe. Furthermore, for the creation and recycling of their financial resources organised crime has to use the conventional banking system inside and outside of Russia, in particular Western Europe, as well as other methods. Therefore, the problem of organised crime in Russia's banking industry and its internationalisation into the European financial services industry have been explored.

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Journal of Money Laundering Control, vol. 1 no. 1
Type: Research Article
ISSN: 1368-5201

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Article

Timur Sinuraya

The Russian Government is not only corrupt — it is a thief which steals money from its own citizens by imposing taxes, hard currency regulations and custom duties…

Abstract

The Russian Government is not only corrupt — it is a thief which steals money from its own citizens by imposing taxes, hard currency regulations and custom duties. Therefore the money which is made in Russia should be moved to safe places abroad. This is the, rather simplified, reasoning of the economic criminal, yet it carries some very serious consequences. The phenomenon of illegal capital flight was probably one of the major factors of the current economic crisis in Russia. Russian experts point out that the main flow of illegal capital from Russia is channelled through the so‐called offshore companies and accounts. This paper will look at the legality of business practices relating to the increase in off‐shore assets by Russian investors in regard to the major problem of government revenue collection in Russia.

Details

Journal of Financial Crime, vol. 7 no. 1
Type: Research Article
ISSN: 1359-0790

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