Electronic Money and Payments as Means of Committing Crimes


  • Andrii A. Vozniuk Assoc. Prof., National Academy of Internal Affairs, Kyiv, Ukraine
  • Andrii V. Savchenko Prof., National Academy of Internal Affairs, Kyiv, Ukraine
  • Tetiana Yu. Tarasevych Dean, Kyiv University of Law The National Academy of Sciences of Ukraine, Kyiv, Ukraine
  • Olexandr O. Dudorov Prof., Luhansk State University of Internal Affairs named after E.O. Didorenko, Sievierodonetsk, Ukraine
  • Olga A. Klymenko Interagency Scientific and Research Centre on Problems of Combating Organized Crime under the National Security and Defense Council of Ukraine, Kyiv, Ukraine




The article deals with the main problems of criminal characteristics of electronic money and payments as instruments of crime. The article reveals the economic and legal nature of electronic money (e-money). The features of e-money and its relation to electronic payments are identified. It is proved that intensive development of the IT sector results in an increasing replacement of cash by cashless methods of payment, and e-money is required for making payments online. E-money is previously created in all cases where they are stored on an electronic device and are used as means of payment, therefore they significantly reduce the level of abuse against property. Criminals in the real estate leasing sector use it as a tool when they commit cybercrime - a new place that has been transformed into a powerful source using for crime. Particular attention in this article is paid to the criminal characteristics of electronic money as an instrument of crime. Electronic money has been updated to account for a significant number of offending characters, while these crimes operate in free currency from a non-supported market and move to electronic services, they are used, and may be joined by warehouse resources, which require a criminal law level. It also indicates that e-money is being received by its billing service, and then can be exploited by attackers to trick owners who have already participated in their work. Through this process, using e-money and electronic payment is almost legal and covers the concept of legality. It is disclosed that the main complexity in detecting malicious tools creates electronic money, which makes it difficult to track the traces of such crime, which uses its delays in cyber space. The author also reveals an accurate view of electronic money resources, such as what is more likely to be abused, which is an additional element of criminal execution qualification.


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How to Cite

Vozniuk, A. A. ., Savchenko, A. V. ., Tarasevych, T. Y. ., Dudorov, O. O. ., & Klymenko, O. A. . (2020). Electronic Money and Payments as Means of Committing Crimes. Academic Journal of Interdisciplinary Studies, 9(4), 150. https://doi.org/10.36941/ajis-2020-0069



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