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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2019-02-15  |  Accepted: 2019-07-11  |  Published: 2019-09-30

Title

Financial analysis of innovative forms of money


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.


Keywords

financial analysis, property, seizure, confiscation, freezing, financial market, innovative forms of money


JEL classifications

K14


URI

http://jssidoi.org/jesi/article/354


DOI


Pages

69-80


Funding

This article has been prepared within the APVV (Slovak Research and Development Agency) Project (No. 15-0740) entitled as the Guidelines and tools for effective elimination of unlawful acts in relation with potential insolvency.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Šimonová, Jana
Academy of the Police Force in Bratislava, Bratislava, Slovakia https://www.akademiapz.sk
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Čentéš, Jozef
Comenius University in Bratislava, Bratislava, Slovakia https://uniba.sk
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Beleš, Andrej
Comenius University in Bratislava, Bratislava, Slovakia https://uniba.sk
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Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

1


Issue date

September 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References