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Financial analysis of innovative forms of money

Author

Listed:
  • Jana Šimonová

    (Academy of the Police Force in Bratislava, Slovakia)

  • Jozef Čentéš

    (Comenius University in Bratislava, Slovakia)

  • Andrej Beleš

    (Comenius University in Bratislava, Slovakia)

Abstract

The identification and financial analysis of property suspected to constitute proceeds of crime is a difficult activity that must be carried out before such assets can be frozen, seized or confiscated. The lawful seizure of assets as the enforcement of a sentence or a protective measure, or for satisfaction of a claim for damages, requires that the assets be secured in a way that prevents them being placed outside the public authorities’ control and limits the potential for the laundering of funds and their use in further crimes. Effective identification and analysis depends on the active and effective detection and documentation of both the direct proceeds and indirect benefits of crime, their location, character, status and value, the prevention of changes in the persons who have ownership or disposal rights to the assets as well as determination of the total assets of the accused (suspect). The aim of the present paper is to focus attention on the financial analysis of selected assets related to financial markets and new forms of money. It should be emphasised that as technology evolves, it is mirrored by innovation in financial markets and equal development of financial analysis focusing on innovative forms of money. The basic indicator with the greatest significance for financial analysis is regulation and especially whether it covers the relevant forms of money. If they are subject to regulation (in this case by the central bank), they are easier to identify and secure. Things are different if they are not directly regulated by legislation or if they not subject to supervision.

Suggested Citation

  • Jana Šimonová & Jozef Čentéš & Andrej Beleš, 2019. "Financial analysis of innovative forms of money," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 69-80, September.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:1:p:69-80
    DOI: 10.9770/jesi.2019.7.1(6)
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    References listed on IDEAS

    as
    1. Jozef Čentéš & Michal Mrva & Michal Krajčovič, 2018. "The process of individualisation of punishment in insolvency crimes," Post-Print hal-02342903, HAL.
    2. Jozef Čentéš & Michal Mrva & Michal Krajčovič, 2018. "The process of individualisation of punishment in insolvency crimes," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 603-619, December.
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    Cited by:

    1. Tadas Limba & Andrejus Novikovas & Andrius Stankevičius & Antanas Andrulevičius & Manuela Tvaronavičienė, 2020. "Big Data Manifestation in Municipal Waste Management and Cryptocurrency Sectors: Positive and Negative Implementation Factors," Sustainability, MDPI, vol. 12(7), pages 1-14, April.
    2. Bystrík Šramel & Ján Machyniak & Dušan Guťan, 2020. "Slovak Criminal Justice and the Philosophy of Its Privatization: An Appropriate Solution of Problems of Slovak Justice in the 21st Century?," Social Sciences, MDPI, vol. 9(2), pages 1-12, February.
    3. Vladimir V. Zemskov & Valeriy I. Prasolov & Nikolai G. Sinyavsky & Oksana V. Konovalova & Lyudmila Kh. Botasheva, 2020. "Risks of private and sovereign debt as factors affecting the economic security of the state," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2 suppl.), pages 235-249.

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      More about this item

      Keywords

      financial analysis; property; seizure; confiscation; freezing; financial market; innovative forms of money;
      All these keywords.

      JEL classification:

      • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law

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