THE PLACE OF FINANCIAL MONITORING IN THE SYSTEM OF ENSURING THE ECONOMIC SECURITY OF THE STATE

2021 ◽  
pp. 50-54
Author(s):  
Е.И. Кузнецова ◽  
И.В. Филатова
Keyword(s):  
Cash Flows ◽  
Economic Security ◽  
The State ◽  
Systematic Monitoring ◽  
The Future ◽  
Financial Monitoring ◽  
Negative Phenomena

На основании проведенного анализа существующих определений «мониторинг» и «финансовый мониторинг» авторы делают вывод, что финансовый мониторинг необходимо рассматривать в качестве способа систематического наблюдения и анализа за движением денежных потоков. Данный инструмент позволяет как фиксировать и анализировать уже совершенные негативные явления в финансовой сфере, так и выявлять и диагностировать нарушения, которые могут появиться в будущем. Based on the analysis of the existing definitions of «monitoring» and «financial monitoring», the authors conclude that financial monitoring should be considered as a method of systematic monitoring and analysis of the «movement» of cash flows. This tool allows you to record and analyze both already committed negative phenomena in the financial sphere, and to identify and diagnose violations that may probably appear in the future.

scholarly journals Use of financial monitoring in the investigation of crimes in the economic sphere

2020 ◽  
pp. 386-389
Author(s):  
Tetiana Chasova
Keyword(s):  
Money Laundering ◽  
Service Providers ◽  
Financial System ◽  
Economic Security ◽  
The State ◽  
Scientific Article ◽  
Criminal Proceedings ◽  
Terrorist Financing ◽  
Financial Monitoring ◽  
Economic Crimes

The scientific article analyzes the conduct of financial monitoring during the investigation of economic crimes. The position ofscientists on the definition of financial monitoring and its role in the formation of economic security of the state is studied. The mainstatements of the Law of Ukraine “On Prevention and Counteraction to Legalization (Laundering) of Proceeds from Crime, Financingof Terrorism and Proliferation of Weapons of Mass Destruction” on financial monitoring and standards of the Group for Developmentof Financial Measures to Combat Money Laundering and Terrorist Financing (FAT) and European Union Directive 2015/849 “On theprevention of the use of the financial system for the purpose of money laundering and terrorist financing”.Ensuring the economic security of the state is possible provided that the fight against legalization (laundering) of proceeds fromcrime. Economic crimes undermine the economic and financial system of the state, encroach on the legitimate interests of individuals.Financial monitoring is a form of financial control and its conduct as part of a criminal investigation and is a means of proof.The problem of legalization (laundering) of proceeds from crime in recent years has become particularly important because itthreatens the economic security of the country. That is why the state implements measures of enhanced control in this matter throughlegal regulation of financial monitoring. The purpose of criminal proceedings is to resolve controversial issues, including the appropriatefinancial monitoring of suspicious activities related to money laundering.The financial monitoring system covers all financial service providers and determines that there should be cooperation in resol -ving issues related to the legalization of proceeds from crime. The issue of the use of financial monitoring in criminal proceedings hasbeen studied by researchers and practitioners, but many issues remain unresolved.

scholarly journals INFLUENCE OF NATIONAL DEBTIS ON FINANCIAL SAFETY OF UKRAINE

2021 ◽  
Author(s):  
Oksana Krasnikova
Keyword(s):  
Internal State ◽  
Banking System ◽  
Economic Security ◽  
The State ◽  
International Standards ◽  
Control Treatment ◽  
Optimal Size ◽  
National Debt ◽  
Financial Strength ◽  
Financial Monitoring

In the article the modern going is reflected near interpretation of financial safety as basic constituent of economic security. The analysis of basic indexes of budgetary safety of the state and reasonably directions of her strengthening are conducted in the conditions of the crisis phenomena. Fromʼясовано, that financial safety is the extraordinarily difficult multilevel system that is formed row of subsystems, each of that has an own structure. Yes, financial safety of the state includes budgetary, tax, promissory safety, financial safety of the banking system, currency, money-and-credit, investment, financial safety of insurance and fund markets. Priority directions of strengthening of financial safety of Ukraine are determined, first of all, on the basis of estimation of level of indexes of financial safety of the state. Fromʼясовано, that one of main indexes of financial safety there is a level of national debt of country. It is well-proven that in accordance with international standards, the optimal size of debts of the state must not exceed 60% from the annual volume of GDP. And in Ukraine, taking into account the insufficient level of external solvency the level of external national debt must not exceed 30 % At exceeding of this level the state can lose financial independence and become a state-bankrupt. The investigational level of national debt of Ukraine to the gross domestic product allowed to establish exceeding of optimal size of debts of the state that testifies to the high enough level of threat of development of promissory crisis. A row over of suggestions is in this connection brought in relation to the improvement of situation with the state borrowing and perfection of the system of the state crediting, and also increase of financial strength of the state security due to creation of new competitive instruments of the internal state borrowing, bringing in of investors, to that it is necessary to apply favourable tax, hard control treatment after the use of the state borrowing, introduction of modern forms of cooperation of different imperious structure and institutes in question financial safety and financial monitoring and other event.

Classification of financial monitoring objects: criteria and indicators of suspicion

2021 ◽  
Author(s):  
Maria Perepelytsya
Keyword(s):  
Money Laundering ◽  
Legal Regulation ◽  
Economic Security ◽  
The State ◽  
Criteria And Indicators ◽  
Legal Norms ◽  
Financial Monitoring ◽  
Financial Transactions ◽  
Subjective Rights

Problem setting. The problem of legalization (laundering) of money and other property acquired by criminal means is of great importance for Ukraine, because the criminalization of the economy is the main threat to the economic security of the state. In order to successfully combat this negative phenomenon, it is necessary to constantly develop and improve the processes of identification and analysis of financial transactions that are the objects of financial monitoring. Detection of such transactions requires clear criteria and indicators that allow you to quickly and accurately identify among the range of financial transactions those related to money laundering. The list of criteria and indicators of suspicion of financial transactions is large and sometimes ambiguous in terms of its interpretation and application. This issues is important because it is about the scope of law, the subjective rights of participants in financial transactions, the ownership of such persons in their assets and the level of trust in entities that provide financial and other services. The purpose of the research is to study the legal norms in the field of establishment and classification of financial monitoring objects – types of financial transactions depending on the criteria and indicators developed by the subjects of state financial monitoring and supplemented by the subjects of primary financial monitoring. Analysis of resent researches and publications. The solution of problems of legal regulation of the national system of financial monitoring in Ukraine (procedures, methods, risks, criteria, indicators etc.) was devoted to the works of such scientists as A. P. Gavrilishyn, I. M. Patyuta, B. M. Surkalo, O. E. Kostyuchenko, K. A. Kryvulya, Zh. I. Dovgan, I. G. Biryukova, V. M. Berizko and others. However, the issue of classifying financial monitoring objects according to the criteria and indicators of suspicion is important and necessary, because it is on such indicators that all activities in the field of financial monitoring are based and the results of such activities depend on their establishment. Article’s main body. The list of criteria and indicators of suspicion of financial transactions and their classification as objects of financial monitoring is quite wide. Their classification according to the relevant criteria is necessary and enshrined in law, which is important to prevent their unrestricted spread. At the same time, the subjects of state financial monitoring at their own discretion, but taking into account the main requirements of the legislation in the field of financial monitoring, develop and establish the grounds for classifying a financial transaction as an object of financial monitoring. In turn, the subjects of primary financial monitoring at their own discretion, but taking into account the rules and subjects of state financial monitoring, supplement, expand and improve this list in order, on the one hand, to prevent the legalization (laundering) of proceeds from illegal by and their entry into the financial system of the state and, on the other hand, compliance with the subjective rights of customers – participants in financial transactions. Conclusions. The article examines the legal norms in the field of establishment and classification of financial monitoring objects – types of financial transactions depending on the criteria and indicators developed by the subjects of state financial monitoring and supplemented by the subjects of primary financial monitoring. It is concluded that the identification of transactions that are the objects of financial monitoring requires clear criteria and indicators that allow you to quickly and accurately identify among the range of financial transactions those related to money laundering. Risk criteria by type of client, by geographical basis, by type of service (product), by service supply channel (product) are considered. Differentiated indicators of suspicion of financial transactions into indicators related to the activities or behavior of the client, indicators related to the financial operations of the client and indicators for different types of products (services). It is emphasized that the problem of defining clear and standard types of criteria and indicators of financial transactions is important and relevant in the current relations in the field of financial monitoring between the state and the participants of the respective financial transactions.

scholarly journals THE ROLE OF MARITIME TRANSPORT IN THE SYSTEM OF ECONOMIC SECURITY OF UKRAINE

2019 ◽  
Vol 21 (1(70)) ◽  
pp. 98-105
Author(s):  
Yu.O. Lavrushchenko
Keyword(s):  
Distribution Systems ◽  
Political Stability ◽  
Cash Flows ◽  
Economic Security ◽  
The State ◽  
Economic Losses ◽  
Logistic Distribution ◽  
Maritime Transport ◽  
Sea Transport ◽  
Shipping Policy

Topicality. In the article the author considers problems of effective development of national sea transport from a position of globalization of economic relations and participation of the country in international division of labour. It is necessary to pay attention to the character of formation of macroeconomic and entrepreneurial results of fleet and commercial ports development.Aim and tasks. The principles of achievement of functional and economic stability of sea transport enterprises are Considered taking into account international conventions of freight independence of priority cargo flows. And also highlight one of the most important tasks for the development of the national transport system-the achievement of freight independence of foreign trade operations and the solution of commercial problems-maximizing the currency profit. The author identifies the main reason for the situation, which leads to an increase in economic losses and security problems-a violation of the principle of complexity development of the national economy.Research results. Simultaneously with the elaboration of the shipping policy it is necessary to define basic ports and choose a strategy of restructuring and institutionalization of various functional activities in the property system. The Integrated development of maritime transport means the conformity of its parameters with the main macroeconomic indicators, the extent of participation in international exchange and in-system compliance of capacities and cash flows. Maximizing synergy potential in the form of multimodal transport corridors and logistic distribution systems should fully ensure the economic security of Ukraine.Conclusion. The importance of maritime transport for normal economic, social and political stability and security of the State determines the urgency of developing an active strategy of the country as a maritime power. The state maritime transport policy should be aimed at solving two global problems: transport security of economic system and freight independence of foreign economic activity.Having analyzed the current state of navigation in Ukraine, we can conclude that the positions of national shipping companies, both public and private, are weakening every year – the volume of transportations carried out by the fleet under the Ukrainian flag is decreasing. At the same time, in Ukraine there is a problem of absence of a fleet and accordingly workplaces for marine experts. As a result, there is an outflow of qualified personnel from Ukraine to foreign shipping companies, and labor migration is one of the many aspects of the deep and all-encompassing systemic crisis in our country.

scholarly journals The influence of the risk-oriented system of funded pension provision on the socio-economic security of the state

2021 ◽  
Vol 11/3 (-) ◽  
pp. 5-7
Author(s):  
Svitlana ACHKASOVA
Keyword(s):  
Risk Management ◽  
Performance Indicators ◽  
Management System ◽  
Risk Profile ◽  
Economic Security ◽  
The State ◽  
Risk Management System ◽  
Financial Monitoring ◽  
The Impact ◽  
Oriented System

Introduction. The implementation of a risk-oriented approach is an important issue for implementation in various fields. The purpose of the paper is to assess the impact of the risk-oriented system of funded pension provision on the socio-economic security of the state. The method of analysis of T. Saati's hierarchies was used to assess the impact of the instruments of the risk-oriented system of accumulative pension provision on the socio-economic security of the state. Results. The highest priority is given to 3 instruments: use of tools for identification and formation of risk profile of accumulative pension entities – 1st place (0,295), introduction of internal risk management system for funded pension entities in the field of funded pension provision – 2nd place (0,278); establishment of general requirements to the performance indicators of the subjects of accumulative pension provision, in particular financial monitoring – 3rd place (0,166). Conclusion. Scenarios for the development of socio-economic security of the state are modeled. It is determined that the scenario of accelerated development is more probable in assessing the impact of instruments for implementing a risk-oriented system of funded pension provision, in particular: use of tools for identification and formation of a risk profile of the activities of the subjects of the accumulative pension provision; use the criteria of risk-oriented composition of investment areas of pension assets in the field of funded pension provision; use of FINTECH, REGTECH in the field of funded pension provision; use of financial mediation in the field of funded pension provision; establishment of general requirements to the performance indicators of the subjects of funded pension provision, in particular financial monitoring; introduction of an internal risk management system for the activities of the subjects of the funded pension provision in the sphere of the funded pension provision.

scholarly journals Strategy for ensuring economic security of micro- and small-sized enterprises

2020 ◽  
Vol 59 ◽  
Keyword(s):  
Economic Security ◽  
The State ◽  
Negative Consequences ◽  
Global Trends ◽  
Financial Cooperation ◽  
The Future ◽  
Legal Security ◽  
Partnership Agreement ◽  
Security Business ◽  
Innovation Competition

Current global trends encourage the consideration of measures to develop small and micro businesses. The aim of the article is to develop a strategy for economic security of small and microenterprises, which will ensure the development of enterprises in the future. When conducting a study of the state of development of the small and microenterprise system in Ukraine, the method of statistical grouping, based on typological features and analytics, was used. To characterize economic security and highlight threats to development, the method of generalization and comparison was used. The paper studies the dynamics of the development of a small and microenterprise system of Ukraine. It was determined that during the period 2011-2018 there was a decrease in the number of small and microenterprises by 17.5%. The above-mentioned regulates the feasibility of developing a system of ensuring economic security, which will prevent a decrease in the number of enterprises of a small and micro business in the future. Business development experience shows that a proposed system must take into account the specifics of small and microenterprises. The study showed that the state of economic security is due to protection from a number of economic threats. In the conditions of a small and microenterprise, economic threats should be grouped according to the direction of their implementation. The article singles out the following threats: of innovation, competition, enterprise, finance and jurisprudence. In this regard, the economic security structure should provide for the neutralization of the negative consequences of the threats of the components: innovative security, competitive security, business security and financial and legal security. In order to neutralize the negative consequences of the implementation of threats to economic security, it is advisable to propose a partnership agreement strategy. The latter includes the development of partnership agreements in the areas of marketing, logistics, integration, legal and financial cooperation.

scholarly journals Inflation and price security in terms of application of state monetary policy

2021 ◽  
Vol 2021 (1) ◽  
pp. 93-100
Author(s):  
Nazirkhan Gadzhievich Gadzhiev ◽  
Sergei Aleksandrovich Konovalenko
Keyword(s):  
Monetary Policy ◽  
Cash Flows ◽  
Economic Security ◽  
The State ◽  
Economic Knowledge ◽  
Macroeconomic Factors ◽  
Main Research ◽  
Political Processes ◽  
Wide Range ◽  
Price Growth

The article considers the monetary policy as a special prevailing type of state economic policy in the modern system of economic knowledge based on using a wide range of instruments for regulating the volume of money supply, rate of money circulation and cash flows. According to the main directions of the unified state monetary policy for 2019 and a period of 2020-2021, a consistent monetary policy aimed at maintaining low rates of price growth increases the predictability of economic conditions, allows for more confident production, investment plans and long-term savings. Only if price stability is maintained it is possible to achieve the targets of the main macroeconomic factors of the state. It is inflation that is an essential factor in ensuring macroeconomic and economic stability. The main reasons for inflation are listed: decreasing GDP while maintaining the volume of money in circulation, increased government spending due to emission and excess over income, monopoly in the economy, some political processes, foreign economic sanctions against commercial and state companies, etc. There has been studied the influence of theoretical aspects of inflationary and price security in the context of using modern instruments of the state's monetary policy. The work of both Russian and foreign specialists in the field of economic security of the state has been analyzed, as well as materials from periodicals by leading economists. The main research methods used in writing the work were general scientific methods of induction and deduction, the method of theoretical systems analysis, and the monographic (descriptive) method.

scholarly journals FINANCIAL MONITORING AS A TOOL DESHADOWING BANKING SYSTEM

2019 ◽  
pp. 59-65
Author(s):  
A. Bukhtiarova ◽  
O. Tietierieva
Keyword(s):  
Economic Development ◽  
Money Laundering ◽  
Banking Sector ◽  
Shadow Economy ◽  
Banking System ◽  
Economic Security ◽  
The State ◽  
Negative Consequences ◽  
Financial Monitoring ◽  
The Impact

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.

scholarly journals Institutionalization of Public Administration in the Field of Budget Security: Subjective Renewal

2021 ◽  
Vol 2 (48) ◽  
pp. 56-62
Author(s):  
S. V. Svirko ◽  
◽  
T. O. Tarasova ◽  
Keyword(s):  
Public Administration ◽  
Direct Action ◽  
Security Management ◽  
Economic Security ◽  
The State ◽  
Public Budget ◽  
Regulatory Institutions ◽  
The Law ◽  
Financial Monitoring ◽  
Indirect Action

The article aims at forming a general vision of the institutionalization of public administration in the field of budget security and summing up the latest trends in the sphere. Systematic, integral, complex and logical approaches are used in the research. It is suggested to understand the institutionalization of public budget security management as the process of identifying relevant institutions, formalizing and systematizing fundamental provisions (object, purpose, principles, functions, tasks, forms, and norms), their connections and communications within public budget security management in particular and in general, as a whole or in the context of a particular focal request. Regulatory institutions of direct and indirect action as for budget security are identified in accordance with the legislation of Ukraine, namely: the Ministry of Finance and the Verkhovna Rada of Ukraine are institutions of direct action; the Ministry of Economy, the Accounting Chamber, the State Audit Service of Ukraine, the State Customs Service of Ukraine, the State Treasury Service of Ukraine, and the State Financial Monitoring Service are institutions of indirect action. A general institutional activity model for the Bureau of Economic Security of Ukraine is designed on the basis of the elaboration of legislative documents. The analysis made of its provisions provides grounds for formulating a proposal to clarify the Law of Ukraine "On the Bureau of Economic Security in Ukraine" by introducing a new section III "Lines of Activity of the Bureau of Economic Security of Ukraine" with a specific structure; provisions of budget security are presented in three draft articles of the law, enumerating the objects of regard for the Bureau of Economic Security and the grounds for starting activity and communication. Prospects for further research are seen in continuing to detail the institutional provisions for all the declared regulatory institutions, while identifying vulnerabilities for each of them with regard to the object of the research, i.e., public budget security management, and in suggesting recommendations for their solution.

scholarly journals THE IMPACT OF ENVIRONMENTAL FACTORS ON THE ECONOMIC SECURITY OF THE CONSTRUCTION COMPANIES

2021 ◽  
Author(s):  
Nadya Fisunenko ◽  
Oleksandr Sidorov
Keyword(s):  
Environmental Factors ◽  
Trade Union ◽  
External Environment ◽  
Economic Security ◽  
The State ◽  
Direct Impact ◽  
Construction Enterprises ◽  
Indirect Impact ◽  
The Future ◽  
The Impact

The article is devoted to the study of the influence of environmental factors on the economic security of construction enterprises. The factors of the influence of the external environment on construction enterprises have been analyzed, as a result, it has been established that they are divided into a macro-environment and a micro-environment, direct (direct) impact and indirect (indirect) action. It is proposed to refer to the main factors of the impact of the external environment on the economic security of construction enterprises indicators of direct impact, which include: suppliers, competitors, consumers, the state, trade union committees, marketing intermediaries and the contact audience of the enterprise. The content of the factors of direct influence, suppliers, on the activities of the enterprise, namely, the dependence of the construction organization on the quality, quantity and timeliness of the materials or services provided, necessary for its, functioning, is disclosed. The influence of the consumer on the activities of a construction company is determined, which is carried out by signing contracts, paying for work or services under concluded contracts. The features of the influence of competitors are established, taking into account such parameters as: the number of firms specializing in the production of similar types of work (services), the growth rate of the industry, the degree of concentration of the industry, the price structure in the industry, the level of profit margins. The influence of the state and the trade union committee and found that the main influence of the state and its organs on the financial position of the company is realized through the establishment of the level of taxes and the size of subsidies, capital investments, and the contact with the union, in fact, the company provides its workforce. The impact of which in the future will help assess the associated threats or benefits to the economic security of construction enterprises. It is also proposed to include as external factors of indirect (indirect) impact on economic security: political, socio-cultural, scientific and technological progress, environmental safety, demographic and geographical factors. These factors are more complex and unpredictable, variable and uncertain. It is generally accepted that indirect impact factors do not significantly affect the activities of enterprises, but their impact in the future will help to assess the associated threats or benefits to the economic security of construction enterprises.

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