FINANCIAL MONITORING AS A TOOL DESHADOWING BANKING SYSTEM

Анотація

Today, the phenomenon of the shadow economy is widespread and has negative consequences for the economic development of the countries of the world. It is known that many factors influence the level of the shadow economy and one of these factors is money laundering. The purpose of the article is to analyze the primary and state financial monitoring as a tool for the unshadowing of the Ukrainian banking system. At the end of 2018, the Ministry of Economic Development, Trade and Agriculture of Ukraine is setting the level of the shadow economy at 30% of official GDP, the lowest in the last ten years. The authors investigate the impact of financial monitoring on the level of the shadow economy, identifying major threats to the country's economic security and analyzing the proportion of reports of suspicious transactions from banks in the overall message structure. It is found that about 99% of all reports to the State Financial Monitoring Service of Ukraine about suspected financial transactions come from banks. The essence of the primary financial monitoring, its main shortcomings are revealed, namely the imperfection of the legislative framework, the lack of highly qualified employees in the field of financial monitoring and the formation of clear requirements for the banks as the subjects of the primary financial monitoring. The contents of the most common money laundering schemes through the banking sector are disclosed, such as withdrawal of capital abroad, corruption schemes, schemes involving individuals, fraudulent transactions within the bank, counterfeiting of documents on the value of collateral or granting it, and falsification of the company's decision to obtain a loan. The article also reflects the main violations of banks in the field of financial monitoring for the years 2018-2019, analyzes the shortcomings of the state financial monitoring and proposes to improve the effectiveness of financial monitoring in banks in order to shade the banking sector. Keywords: unshadowing, banks, banking system, financial monitoring, money laundering.

Класифікація

Ідентифікатори

Схожі роботи