Title: The role of financial investigations in combating money laundering

Authors: Roza M. Zhamiyeva; Gulmira B. Sultanbekova; Maral T. Abzalbekova; Bakytzhan A. Zhakupov; Murat G. Kozhanov

Addresses: Department of Criminal Law, Procedure and Criminalistics, Karaganda University named after Academician E.A. Buketov, Karaganda, Republic of Kazakhstan ' Department of Criminal Law, Procedure and Criminalistics, Karaganda University named after Academician E.A. Buketov, Karaganda, Republic of Kazakhstan ' Department of Criminal Law, Procedure and Criminalistics, Karaganda University named after Academician E.A. Buketov, Karaganda, Republic of Kazakhstan ' Department of Criminal Procedure, Karaganda Academy of the Ministry of Internal Affairs of the Republic of Kazakhstan named after Barimbek Beisenov, Karaganda, Republic of Kazakhstan ' Department of Information and Computer Systems, Karaganda Technical University, Karaganda, Republic of Kazakhstan

Abstract: The purpose of the study is to outline the role of financial investigations in money laundering. The leading research method is the analysis of the main factors identified by the authors that help fight against money laundering and improving the effectiveness of financial investigations. The legal framework for the regulation of electronic finance and visual cases of financial fraud are analysed. Having analysed the international experience in regulating electronic finance, it revealed what weaknesses are present in the legislative framework of Kazakhstan in this matter. The paper presents recommendations to improve the effectiveness of the fight against money laundering and determines the significance of financial investigations in solving this issue. The findings of the study can become a theoretical guide for the development of structures involved in financial investigations.

Keywords: financial fraud; electronic payments; virtual currencies; investigation of financial crimes; digital money.

DOI: 10.1504/IJESDF.2022.121183

International Journal of Electronic Security and Digital Forensics, 2022 Vol.14 No.2, pp.188 - 198

Received: 12 Jan 2021
Accepted: 12 Apr 2021
Published online: 28 Feb 2022 *

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