Economy Buisness Banks №3(12)




Victor G. Getman

Doctor of Economics, Professor, Honored worker of science and education of the Russian Federation, Chairman of Department of Accounting in commercial organizations the Finance University under the Government of the Russian Federation, Moscow (E-mail: buhuchet

Improvement of the legal framework against corruption


This article examines recent legislation aimed at strengthening the fight against corruption in the Russian Federation. The reserves for their further development towards international best practices accumulated in this area in other countries.

Keywords: corruption; those that take the place of a public office; management companies; control of conformity of their expenses from income; related parties; close family members of such persons




Roman P. Bulyga

Doctor of Economics, Professor, Vice-Rector for strategic development the Finance University Under the Government of the Russian Federation, Moscow, E-mail:

Lyudmila M. Kupriyanova

candidate of economic Sciences, associate professor, associate professor of Department of economic analysis The Finance University under the Government of the Russian Federation, Moscow, Е-mail:

Compliance risk assessment


Importance/ Subject. Compliance is an important component of economic entity’s corporate management. It starts at the top management level and is translated into all levels of business. The article describes the development of compliance system as an effective tool of risk minimization in modern risk management as well as the assessment of the realization of compliance functions. Is also discusses the efficiency in applying compliance when creating an adequate control system including preventive procedures and those aimed at detecting breach as well as training programmes.

Objective. To research of international practice of compliance system development and prove that compliance control is necessary for all types of organizations as an obligatory part of internal control and risk minimization system in business.

Methods. The following concepts are studied: compliance, risk compliance, compliance control, compliance functions and topical problems of managing compliance risks, practical experience of creating effective compliance risk management systems, development of compliance as an instrument of generating profit and business growth and others. The main focus is put on solving the problems of effective management of a company in compliance with national and international legislation; the rules of market relations, contract obligations and international resolutions (sanctions, embargo) based on carrying out certain functions aimed at meeting the company’s obligations to stakeholders and pursuing their interests; effective management of financial losses risks, damaging business record and goodwill, restrictions imposed by the government and some others. The article proves the importance of effective functioning of a compliance system based on control, training, risk assessment, establishing key indicators to measure performance and efficiency and some others in accordance with the methodological requirements of structuring functions.

Conclusions and relevance. The review of methodical elaborations and the results obtained in the sphere of managing compliance risks made it possible to detect the problems and to justify their possible solutions targeted for effective development of business in particular for the elements of quality management system which is the methodology of lean production. The article recommends the effective model of compliance policy which is based on the following principles: intolerance to any form of corruption, unconditional law enforcement and imminence of punishment. The research of areas of compliance operation results in assessing the compliance risks and the opportunity to avoid unfavorable consequences for the company and its management.

Keywords: business analysis, compliance, requirements, standards, compliance control, compliance risks, compliance management, monitoring, competence, stakeholders, internal audit function, functions of compliance, analysis of business processes, business process optimization.




Nataliya N. Parasotskay

Associate professor of Department Of Accounting In commercial organizations The Finance University under The Government of the Russian Federation, Moscow (Е-mail:

Innovative methods of transfer pricing


The article is devoted to topical issues of transfer pricing methods in organizations. Transfer pricing in an organization begins with the definition of the technological chain of production, routes of movement of material, information and financial flows. New rules on transfer pricing – continued the positive trends of the increased tax burden, i.e., without changing the tax rate on profits possible a substantial increase in payments to the budget in respect of the largest and most solvent companies. Grounded principles and underlying assumptions for the financial statements in accordance with IFRS; the process of forming transfer prices on the basis of the elements of financial statements; the need to assess the reliability of information; risk management decisions on the results of Express-analysis. Settle a different perspective on a common approach transfer pricing method.

Keywords: transfer pricing, Corporation, classification, recognition, unified approach.




AntonIa Fıcova

PhD Candidate at Faculty of Economics and Business Paneuropean University, Bratislava, , Slovakia (Email:

New insights into offshore financial centers


This paper examines offshore centres in terms of their growth, offshore corporate governance in practice, ownership of voting shares, and cost of outsourcing. Therefore paper describes definitions of offshore centers, viewed in this light corruption money laundering. Secondly, we provide differences between offshore businesses and onshore service providers. We pointed out on cost of outsourcing. Thirdly, we clarify offshore growth, and lastly we focus on offshore centers in Slovakia.

Keywords: Offshore Centres, Outsourcing, Transfer Pricing, Offshore Growth




Tamara M. Orlova

Doctor of Economics, Professor, Vice-dean of the Faculty of Economics and business Of the Pan-European University, Slovakia, Bratislava, (E-mail:

Communication resource in the management of the economy and business


Despite a great amount of investments in information technology, not all companies manage to stimulate its development and increase its capitalization. The article suggests that for some reason, the management of these companies underestimate the communicative resource that is able to raise the market value of the company by 30%. The essence of the communicative resource in managing the economy and the business is that it determines the nature of intellectual interaction. Information transaction, at all levels and through all channels of communication, transform knowledge into a factor of development. The value of information lies in its exchange, in its transformation into knowledge and into products of intellectual activity. And this value is created through communication.

Keywords: knowledge, communication, cognitive capacity, communicative competence




Nafisat Azieva

graduate student, Of «Banks and management of banking» Department of Financial University under The Government of the Russian Federation, Moscow (E-mail:

Remote banking services in Russia: current situation and management of risks


This article describes the Remote banking services system, its advantages and disadvantages, risks brought by it, recommendations for their reduction. RBS has been launched in Russia not long ago. The number of banks using it is increasing while the risks are increasing too. In order to make the Remote banking services system work with maximum performance we need to develop a right risks control model, prepare legal framework.

Keywords: Remote banking services, risks, cyber crime, internet-banking, risk management, information security.


Pavlo Zhuk

Postgraduate PanEuropean University, Bratislava, Slovak Republic

Intellectual potential in sustainable development strategy shaping of Ukraine’s economy


This article analyzes nature of the concept of “intellectual potential”, shows the structure of the intellectual potential of economic system. We have studied the level of development of the intellectual potential of Ukraine, as well as its quality. Recommendations were made to improve the level of development of the intellectual potential of the country, as the basis for sustainable development strategy.

Keywords: intellectual potential, sustainable development, knowledge economy, Human Development Index (HDI).


Dmitry I. Tereshchenko

student Group KÈF2-10, Chair of the Economics Of intellectual property the Finance University Under the Government of the Russian Federation, Moscow, E-mail:


Intellectual property: its essence and role in modern economic development


The article is devoted to intellectual property as a key factor in the modern development of the country, the results of which constitute the national wealth. Focused on the need to understand the value and role of intellectual property as an economic phenomenon. The content of the legal acts regulating legal relations in the field of intellectual property in v. 4 GK Russian Federation “Intellectual rights and means of individualization,” focused on the institution of copyright, related rights, patent rights, the system of collective management of copyright and related rights, other intellectual property rights, as well as establishes rights protection. Are the causes of insufficient experience in solving the problems associated with the use of IP, particular for various reasons (production) are not used by society, and most of the achievements goes abroad without revenue for developers, as well as the drain of highly qualified specialists that today requires special attention to the strengthening of the scientific and technical potential of the country. The conclusion about the nature and role of intellectual property as a source of scientific, technical, economic and cultural development, and the use of a variety of intellectual property, given that each result of creative activity are subject to intellectual property (IP).

Keywords: intellectual property, intellectual capital, intellectual potential, objects of intellectual property, trademark, the exclusive right, patent, patent law, copyright law, ROSPATENT, scientific-industrial policy, intellectual resources, effectiveness, effectiveness of management, economic resources, highly skilled staff.