Mechanism for preventing and counteracting legalization (laundering) of proceeds from crime in the financial security system of the banking system
| Main Authors: | HUSHTAN T.V., KOVACH M.Y. |
|---|---|
| Format: | Article |
| Bahasa: | ukr |
| Terbitan: |
, 2021
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/5521122 |
Daftar Isi:
- The subject of the study is the mechanism of prevention and counteraction to legalization (laundering) of proceeds from crime in the financial security system of the banking system. The purpose of the paper is to determine the main provisions for improving the methodological and regulatory organizational aspects of financial monitoring. Research methods. The dialectical method of scientific cognition, the method of analysis and synthesis, the comparative method, the method of data generalization are used in the work. Results of work. The paper outlines two categories on which the system of prevention and counteraction to legalization (laundering) of proceeds from crime is based. Three main systems of organization of financial control are defined. The directions of the state policy of counteraction to money laundering in Ukraine are considered. Conclusions. One of the most relevant global financial problems in recent years is the growing number of cases of banks participating in the process of money laundering. This causes huge losses to credit institutions, undermines the confidence of bona fide depositors, in addition, the circulation of such funds harms the economy. Given the urgency of this problem, the main aspects of improving the methodological and regulatory organizational aspects of financial monitoring are considered. The main issues that need to be addressed are: the formation of methodological principles in the field of money laundering in relation to the detection and avoidance of operational risk; improving the system of identification and study of clients conducting financial transactions; in respect of which there is a motivated suspicion.