Activities of the central banks of the CIS countries in combating fraud in the financial market

this study provides a comprehensive analysis of the effectiveness of anti-fraud mechanisms in the financial markets of the CIS countries, implemented by national central banks. The study is based on a multivariate analysis of regulatory initiatives taken in 2020-2024 and their impact on the dynamics of financial crimes. The research methodology includes a comparative analysis of the regulatory frameworks of six CIS countries, statistical analysis of data on identified fraud cases, an expert survey of representatives of the financial sector (n = 127), and modeling of correlations between the implementation of regulatory initiatives and changes in the frequency of fraudulent activities. The results demonstrate that the introduction of comprehensive measures to monitor suspicious transactions reduced the number of successful fraudulent attacks by 37.4% in countries with a high level of integration of digital regulatory technologies. A significant correlation (r = 0.78, p <0.01) was found between the degree of interagency coordination and the effectiveness of detecting fraudulent schemes. It has been established that automated early warning systems using artificial intelligence increase the efficiency of blocking suspicious transactions by 68.3%. The study also demonstrates that the effectiveness of countering fraud directly depends on the depth of international cooperation between regulators (determination coefficient R?=0.67). The obtained results can serve as a basis for developing a unified methodology for countering financial fraud within the framework of integration associations.

central banks, CIS countries, fraud, financial market, combating fraud