Open AccessMethod of Enterprise Economic Security Evaluation
Author(s) -
Olga Shumilo,
Виталина Бабенко,
Larysa Liubokhynets,
Iryna Volovelska,
Olena Аrefieva
Publication year - 2021
Publication title -
estudios de economía aplicada
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 6
eISSN - 1697-5731
pISSN - 1133-3197
DOI - 10.25115/eea.v39i7.4998
Subject(s) - money laundering , parliament , terrorism , legislation , business , financial security , accounting , finance , process (computing) , political science , politics , law , computer science , operating system
The article examines foreign and domestic experience in organizing financial monitoring systems, systematizes the requirements for its implementation in Ukraine. The basic legal norms, enshrined in the joint directives of the European Parliament and of the Council of the EU, and underlying the national financial monitoring systems of the EU countries and Ukraine have been also analyzed. Taking into account the fact that the risk-based approach is the main basis for the effective implementation of all FATF recommendations, the nature of the risk of ML/ financing of terrorism (FT) and the criteria for their assessment have been investigated. A scheme of improving the process of financial monitoring in a bank has been developed, as well as a number of measures have been proposed to raise the level of adhering to the legislation in the field of anti-money laundering (AML) and counter-terrorist financing (CFT) by the banking sector.