Inna P. State monitoring within the regulation system of banking in the economy of Ukraine.

A scientific grounding for theoretical fundamental and practical recommendations concerning state monitoring within the system of banking regulation in the economy of Ukraine is presented. Elements of state monitoring within the system of banking regulation are determined along with the peculiarities of its formation. Studying the system of financial monitoring and analyzing its functions in relation to its various types, classification features of the financial monitoring functions are developed in relation to the subject contents and the type of financial monitoring carried out. In the result, the thesis offers the improved principles for the financial monitoring and the mechanisms of these principles realization, a combination of which the author offers as a complex "principle - mechanism". State regulation of the financial monitoring organization is grounded on the basis of estimating the risk from including commercial banks into the process of money laundering. Scientific grounds for the improvement of organization of the financial monitoring process are developed as an optimal system for organization of internal financial monitoring in a commercial bank. The most widely spread categories of risk from money laundering are systematized by the level of their influence for further their identification and overcoming. A model for risk assessment within a bank institution is constructed within the system of intrabank financial monitoring; in accordance to this proposed model strategies of bank risks management are also offered. Full introduction of the suggested novelties in case these are applied as a complex measure would lead to efficient functional changes in the system of financial monitoring in accordance with the national legislation and harmonization with international standards. Typologies of the current schemes of money laundering are outlined as well as counteraction to them within the commercial banks of Ukraine; the most widely spread schemes of money laundering are systematized along with the opportunities for their identification by the subjects of primary financial monitoring - in this case, by commercial banks of Ukraine. The general model of the money laundering mechanism is studied; the most damaging schemes of laundering within the bank sector are determined along with their key features. Their examples are presented: schemes with a fictitious economic agent, with conversion centers and schemes for operations with non-citizens, registered off shore. Basing on this research, general recommendations are given concerning the prevention, strengthening the tracking and revealing the corresponding illegal schemes and approaches. An analysis of the financial monitoring process within the bank sector of Ukraine is carried out, in the result of which a model for evaluation of subjects in the primary financial monitoring within the economy of Ukraine is offered for the counteraction to money laundering. Peculiarities of adapting the international experience of money laundering within the bank sector of Ukraine's economy are determined. The ways for further development of state monitoring within the regulation system of Ukraine's banking are grounded. And basing on this grounding, the international activities of the State Financial Monitoring Agency are studied for the period 2010-2011. The dynamics of information exchange between this body and financial intelligence authorities in various countries during 2010-2011 concerning different enquiries is demonstrated. Propositions concerning further improvement of the national system of money laundering in the context of the updated recommendations by FATF are carried out, and conceptual approaches to strategic development of state monitoring within the bank sector of Ukraine's economy are presented on the basis of the strategic development of financial monitoring on the level of state by means of state regulation of the financial monitoring subjects and the conceptual approaches to strategic development of financial monitoring on the level of a bank institution as a subject of financial monitoring within the bank sector of Ukraine's economy.