УДК 347.4

ORCID: 0000-0003-4569-8863

ORCID: 0000-0003-1479-4756

DOI 10.37566/2707-6849-2025-2(51)-13

PDF

Oleg REZNIK,

military officer,

senior researcher at the Department of Economic Cybernetics

of the Educational and Scientific Institute of Business, Economics, and Management

of Sumy State University,

Doctor of Law, Professor,

Honored Lawyer of Ukraine

Alla RUBANENKO,

Assistant Judge of the Zarichny District Court of Sumy,

Doctor of Philosophy in Law

EFFECTIVENESS OF FINANCIAL MONITORING

IN THE CONTEXT OF ENSURING NATIONAL SECURITY: CONCEPT AND BASIC CRITERIA

The author's vision of the term “effectiveness of financial monitoring” as the ability of the financial monitoring system to timely and effectively detect, prevent, and counteract financial crimes by analyzing financial transactions, monitoring compliance with legal requirements, and coordinating the activities of financial monitoring entities. The criteria for the effectiveness of financial monitoring have been classified by specifying indicators of effectiveness, expediency, and efficiency. A definition of the concept of “criteria for the effectiveness of financial monitoring” has been formulated.

Keywords: financial monitoring, national security, effectiveness criteria, effectiveness, expediency, efficiency, State Financial Monitoring Service of Ukraine, financial fraud, money laundering.

References

Diakonova I. I., Shyian D. V.Methodology for assessing the effectiveness of financial monitoring. Bulletin of the Ukrainian Academy of Banking. 2013. № 1(34). P. 10–17.

Shiyan D. V. System for assessing the effectiveness of financial monitoring in a bank. The banking system of Ukraine in the context of globalization of financial markets: collection of abstracts of the VII International Scientific and Practical Conference (October 18-19, 2012). Cherkasy: CHIBS UBS NBU, 2012. P. 201–203.

 Shyriaieva L. V., Zahoruiko A. Yu.The effectiveness of financial monitoring in the banking system of Ukraine. Economy and Society. 2023. Issue 47. URL: https://economyandsociety.in.ua/index.php/journal/article/view/2039/1968 (дата звернення: 15.02.2025).

Kuzminska O. E. Assessment of the compliance of the financial monitoring system of Ukraine with international FATF standards. Finance of Ukraine. 2023. № 4. P. 55–75.

Petruk O. M., Smahlo O. V. Foreign experience in organizing financial monitoring and prospects for its implementation in Ukraine. European Cooperation. 2015. № 2(2). P. 89–99.

Kuryshko O. O. Features of the development of the financial monitoring system in Ukraine. Current problems of the economy. 2012. № 1 (127). P. 267–275.

Khmeliuk A. A. Directions for increasing the effectiveness of financial monitoring. Anti-crisis management of the economy of Ukraine: new challenges: materials of the III International Scientific and Practical Internet Conference, December 15–17, 2015. / Ministry of Education and Science of Ukraine, State Higher Educational Institution «Kyiv. National Economic University named after Vadym Hetman», Department of Macroeconomics and State Administration; Institute of State and Municipal Administration; Editors: I. Y. Maly (head) [and others]. Kyiv: KNEU, 2015. P. 328–331.

 Hrabchuk O., Suprunova I. Financial Monitoring as a Condition for Ensuring the State Security of the Country: Concept, Components, Stages of Development. 2020. Aspects of Public Administration. No. 8 (4). P. 75–83.

Stetsenko T. V., Shepelenko V. S. Assessment of the Effectiveness of Financial Monitoring in Ukrainian Banks: Methodological Approaches and Tools. Agrosvit. 2024. № 19. P.  97–102.

Khmeliuk A. A. The effectiveness of financial monitoring. BusinessInform. 2015. № 6. P. 199–203.

Kovch T. Methodological approaches to assessing the effectiveness of financial monitoring in commercial banks. Economic analysis. Issue 9 (1). P. 55–59 [ukr.].

Volokita V. The number of suspicious financial transactions has increased in Ukraine. Economic Truth. 2025. URL: https://epravda.com.ua/finances/v-ukrajini-zrosla-kilkist-pidozrilih-finansovih-operaciy-803414/ (дата звернення: 16.02.2025).

Information on the results of the work of the State Financial Monitoring Service of Ukraine for 9 months of 2024. Official web portal of the State Financial Monitoring Service of Ukraine. URL: https://fiu.gov.ua/pages/dijalnist/funkcional/news/Infarmuvannz9misatciv.html (дата звернення: 17.02.2025).

Report of the State Financial Monitoring Service of Ukraine for 2023. URL: https://fiu.gov.ua/assets/userfiles/0350/zvity/zvit2023ukr.pdf (дата звернення: 17.02.2025).

General characteristics of the international activities of the State Financial Monitoring Service of Ukraine. Official web portal of the State Financial Monitoring Service of Ukraine. URL: https://fiu.gov.ua/pages/mizhnarodne-spivrobitnictvo/mizhnarodna-dijalnist/zagalna-xarakteristika-mizhnarodnoji-diyalnosti-derzhfinmonitoringu.html (дата звернення: 18.02.2025).

On approval of the Regulations on the State Financial Monitoring Service of Ukraine: Resolution of the Cabinet of Ministers of Ukraine dated 07/29/2015 № 537. URL: https://zakon.rada.gov.ua/laws/show/537-2015-%D0%BF (дата звернення: 19.02.2025) [ukr.].

Financial monitoring automation system «FinMonitor». URL: https://www.finport.com.ua/ua/products/finmonitoring.html (дата звернення: 19.02.2025).