Gazalova A.B. Combating the Illegal Activities in Financial Markets: The Role of the Bank of Russia

DOI: https://doi.org/10.15688/lc.jvolsu.2019.3.21

Alina B. Gazalova, Head of the Department of Combating Illegal Activities, North-Western Main Branch of the Central Bank of the Russian Federation, r. Fontanka Emb., 68, 191038 Saint Petersburg, Russian Federation; Candidate for a Degree, University of the Prosecutor’s Office of the Russian Federation, 2-ya Zvenigorodskaya, 15, 123022 Moscow, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0003-0213-9738

Introduction: in the paper the author notes the strengthening of the role of the Central Bank of the Russian Federation in combating financial fraud: the megaregulator units identify the signs of violations, as reported by the law enforcement and supervisory authorities. All initiated materials are subsequently accompanied up to the stage of the final procedural decision; the cooperation with the law enforcement agencies is being actively developed. Methods: the methodological framework for this study is the methods of scientific knowledge, among which the main ones are the methods of consistency, analysis and comparative law. Results: this paper is devoted to the ongoing process of building by the Bank of Russia the system of combating the illegal activities in the financial market, including at the regional level. The most frequently detected violations of the Bank of Russia and the law enforcement practice of their suppression are given. Conclusions: the author upholds the position that the Bank of Russia is gradually becoming one of the key regulatory institutions involved in the formation of the law enforcement and judicial practice in the field of combating unfair practices in the financial market.

Key words: economic security, criminal liability, law enforcement agencies, unfair market practices, financial markets, the Central Bank of the Russian Federation, the Bank of Russia.

Citation. Gazalova A.B. Combating the Illegal Activities in Financial Markets: The Role of the Bank of Russia. Legal Concept, 2019, vol. 18, no. 3, pp. 145-153. (in Russian). DOI: https://doi.org/10.15688/lc.jvolsu.2019.3

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