№ 11/2022

Fìnansi Ukr. 2022 (11): 49–63https://doi.org/10.33763/finukr2022.11.049

SCIENTIFIC CONFERENCES

LOVINSKA Ljudmyla ¹

¹Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0001-5427-7185

Development of financial monitoring as a science in the context of European integration of Ukraine

Introduction. The improvement of national legislation in the field of financial monitoring and its approximation to the international one is conditioned by the prospects of Ukraine's accession to the EU and ensuring the protection of the financial system against threats arising from war.
Problem Statement. The practical implementation of innovations in the legislation regulating the activity of the financial monitoring system is often held back due to the lack of an appropriate institutional environment. The creation of prerequisites for compliance with legislation in practical activities should be based on the scientific justification of relevant policies and measures developed and implemented by regulatory bodies. However, the science of financial monitoring, as well as the corresponding field of activity, is still developing in Ukraine and does not fully solve this task.
Purpose. Determination of directions for the development of financial monitoring as a science on the path of Ukraine's integration into the European space.
Methods. The research used general scientific methods: comparison, analysis, synthesis and generalization.
Results. Science, investigating the problems of reforms, in particular in financial monitoring, should participate in the creation of mechanisms for their management. Changes in the basic law for financial monitoring require a scientific analysis and justification of its compliance with other laws of Ukraine for the purpose of coordination; creation and introduction of by-laws that highlight the procedure for the enforcement of new norms; methodical provision of training of future specialists and improvement of qualifications of working specialists. In the works of scientists, the operationalist approach to conducting research and formulating their results prevails. At the same time, the development of financial monitoring as a knowledge system requires going beyond operationalism and expanding the field of research in the theoretical direction in order to create its epistemological basis.
Conclusions. The structure of the theory of financial monitoring should take place through the definition of its structure, the stable concept of the subject and method, the formalization of the categorical apparatus and the allocation of scientific knowledge into a separate branch, which will contribute to the formation of the fundamental basis for the development of national legislation and the creation of institutional conditions for its observance.

Keywords:financial monitoring, legislation, standards, science, development

JEL: M41, M48

Lovinska L. . Development of financial monitoring as a science in the context of European integration of Ukraine / L. . Lovinska // Фінанси України. - 2022. - № 11. - C. 49-63.

Article original in Ukrainian (pp. 49 - 63)

Download

Downloads :86

1. Cabinet of Ministers of Ukraine. (2002). About the establishment of the State Department of Financial Monitoring (Decree No. 35, January 10). Retrieved from zakon.rada.gov.ua/laws/show/35-2002-%D0%BF/print [in Ukrainian].
2. Verkhovna Rada of Ukraine. (2019). On the prevention and countermeasures against the legalization (laundering) of proceeds obtained through crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction (Act No. 361-IX, December 6). Retrieved from zakon.rada.gov.ua/laws/show/361-20#Text [in Ukrainian].
3. European Parliament, & EU Council. (2018, May 30). Directive (EU) 2018/843 of the amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU. Retrieved from eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32018L0843.
4. Verkhovna Rada of Ukraine. (2022). On the introduction of amendments to some laws of Ukraine regarding the protection of the financial system of Ukraine from the actions of a state that carries out armed aggression against Ukraine, and the adaptation of Ukrainian legislation to certain standards of the Group for the Development of Financial Measures to Combat Money Laundering (FATF) and the requirements of EU Directive 2018/843 (Act No. 2736-IX, November 4). Retrieved from ips.ligazakon.net/document/view/t222736?an=21 [in Ukrainian].
5. Perepelytsya, M. (2021). Problems of legal regulation of the structure of the national system of financial monitoring in the context of international rules and regulations. Scientific Bulletin of the International Humanities University. Series: Jurisprudence, 49, 26–30 [in Ukrainian]. doi.org/10.32841/2307-1745.2021.49.6
6. Akimova, O. V. (2017). Financial monitoring in the system of state financial control: theory, methodology, practice. Kramatorsk: DDMA [in Ukrainian].
7. Abdriichenko, Zh. O. (2018). Determining of the concordance level of the NRA and the results of the fifth round of the MONEYVAL mutual evaluation of the Ukrainian AML/TF system compliance to the FATF recomendations. Global and National Problems of Economics, 23, 441–447. Retrieved from global-national.in.ua/archive/23-2018/85.pdf [in Ukrainian].
8. Diachenko, O. P. (2017). Foreign experience regarding state mechanisms of detinization of the economy of the countries of the European Union. State and regions. State government, 3, 55–60. Retrieved from pa.stateandregions.zp.ua/archive/3_2017/12.pdf [in Ukrainian].
9. Dotsenko, T. V. (2020). Improving the financial monitoring system as a tool for ensuring the economic security of the national economy (Ph. D. Thesis). Sumy: Sumy State University. Retrieved from sumdu.edu.ua/images/content/science/specialized-council/Dotsenko_summary.pdf [in Ukrainian].
10. Voronkova, O. (2020). Financial monitoring on the securities market of Ukraine: current realities and perspectives. University Economic Bulletin, 45, 175–184 [in Ukrainian]. doi.org/10.31470/2306-546X-2020-45-175-184
11. Korystin, O. Ie., Havdio, Iu. R., & Kirika, D. V. (2012). Financial monitoring in the field of insurance activity as an institute of economic security of Ukraine. Kyiv: Diaprint [in Ukrainian].
12. Shapoval, Yu. (2020). Regulatory and supervisory technologies on the financial market: current practice and challenges. Economy of Ukraine, 12, 21–35. DOI: 10.15407/economyukr.2020.12.021 [in Ukrainian].
13. Akimova, O. V. (2013). Institutional prerequisites of formation of the financial intelligence system in Ukraine. Efektyvna ekonomika, 10. Retrieved from www.economy.nayka.com.ua/?op=1&z=5754 [in Ukrainian].
14. Diachenko, O. P. (2018). Efficiency of information technologies of the system of state financial monitoring as a mechanism of state counteraction to the development of the shadow economy of Ukraine. Derzhavne upravlinnya: udoskonalennya ta rozvytok, 2. Retrieved from www.dy.nayka.com.ua/?op=1&z=1186 [in Ukrainian].
15. Castillo, L. A. M., & Cazarini, E. W. (2014). Integrated model for implementation and development of knowledge management. Knowledge Management Research & Practice, 12 (2) 145–160. doi.org/10.1057/kmrp.2012.49
16. Griffiths, P., & Remenyi, D. (2008). Aligning knowledge management with competitive strategy: a framework. The Electronic Journal of Knowledge Management, 6 (2(, 125–134. Retrieved from academic-publishing.org/index.php/ejkm/article/view/817.
17. Akimova, O. V. (2015). Financial inclusion and other prerequisites of development of financial intelligence in Ukraine. Young Scientist, 12 (27), (1), 195–198. Retrieved from molodyvcheny.in.ua/files/journal/2015/12/210.pdf [in Ukrainian].
18. Akimova, O. V. (2014). The concept of development of the financial intelligence system in Ukraine. Efektyvna ekonomika, 8. Retrieved from www.economy.nayka.com.ua/?op=1&z=5752 [in Ukrainian].
19. Koba, N. V., & Tarasov, S. A. (2015). Change management as an instrument of knowledge management implementation at organization. Efektyvna ekonomika, 4. Retrieved from www.economy.nayka.com.ua/?op=1&z=3981 [in Ukrainian].
20. Komisarov, O. H., Skrypka, O. Iu., & Sobakar, A. O. (2015). Primary financial monitoring in the field of prevention and countermeasures against legalization (laundering) of criminal proceeds and financing of terrorism. Dnipropetrovsk [in Ukrainian].
21. Chunikhina, L. M. (2007). Primary financial monitoring in Ukrainian banks as a means of preventing the legalization (laundering) of criminally obtained income (Ph. D. Thesis). Lviv [in Ukrainian].
22. Dmytrenko, T. L. (2019). Financial monitoring of promissory notes circulation (Ph. D. Thesis). SESE “The Academy of Financial Management” [in Ukrainian].
23. Rekunenko, I., Kobets, Zh., & Shvydko, I. (2020). Features of formation and application of financial monitoring system in Ukraine. Visnyk of Sumy State University, 1, 104–117 [in Ukrainian]. doi.org/10.21272/1817-9215.2020.1-11
24. Diakonova, I. I., & Shyian, D. V. (2013). Methodology for evaluating the effectiveness of financial monitoring. Bulletin of the Ukrainian Academy of Banking, 1 (34), 10–17[in Ukrainian].
25. Akimova, O. V. (2017). Methodology for the development of the financial monitoring subsystem in the state financial control system (Dr. Sc. Thesis). Chernihiv [in Ukrainian].
26. Dropa, Ya., Teslya, S., & Pikhotska, M. (2021). Development of the financial monitoring system as a component of formation of effective control and security in Ukraine. Uzhorod National University Herald. International Economic Relations And World Economy, 37, 35–41 [in Ukrainian]. doi.org/10.32782/2413-9971/2021-37-5