Preventing Fraud in the Field of Investment: Foreign Experience

Abstract

The transformation processes in Ukraine, forming the basis for sustained economic growth, failed to provide a decent level of citizens’ welfare. The need to improve the policy concerning conditions for the population on deepening integration into the world economy requires building a new economy based on modern socio-economic tools and technologies. Economic development in terms of social market economy is the result of a combination of the determining factors – private entrepreneurship and free market competition between economic operators. To provide impetus for its development is one of the essential prerequisites for economic growth. The development of any state is linked to the dynamics of investment processes, structural and qualitative upgrading of production and creation of market infrastructure. The more intense the investment is made, the faster the reproductive process of social production is. Therefore, any research related to the essence and main concepts of the investment process, the problem of sources of investment, the choice of forms and methods of its administration is certainly relevant. One of the types of unlawful attacks ownership is fraud in investment activity. The significant spread of the number of reported crimes in this area in recent years requires urgent intervention by the state. This article analyzes the experience of foreign countries for the prevention of fraud in the field of investment activity. Taking into account that the economic relations in Ukraine are significantly more integrated into the world economy, the characteristics of fraud prevention in the European countries (Estonia, Spain, the Netherlands, Germany, Poland, France, Sweden) and the United States are analyzed.