THE ESSENCE, PURPOSES AND FUNCTIONS OF LEGAL RESPONSIBILITY FOR FINANCIAL LAW VIOLATIONS
Legal responsibility is, on the one hand, a universal concept used by all the leading branches of Russian law, and on the other hand, the essence of legal responsibility is fully disclosed in certain branches of law, and responsibility in financial law is no exception. Thus, it is necessary to examine in detail the rules governing respons ibility for financial law violations. The legislator's understanding of legal responsibility for financial law violations was influenced by concepts of responsibility developed by the scholars: Positive (perspective) and negative (retrospective). In general, responsibility for financial law violations is public in its nature, but possesses some elements of private responsibility expressed in its compensatory nature. The issue of the balance between punitive and remedial functions of responsibility for financial law violations is debatable. We believe that the remedial function of responsibility always entails the exercise of responsibility for financial law violations.