Smaglo O. Development of the financial monitoring system of foreign economic activity

This dissertation focuses on theoretical, methodological and practical aspects of financial monitoring of foreign economic activity. We have determined the economic content of the financial monitoring of foreign economic activity and listed the financial transactions which it covers. Grounded verge of financial monitoring system of foreign economic activity, defined its purpose of operation, objects and subjects, as well as problems in its functioning. There were evaluated the current status of functioning of the national financial monitoring system and analyzed typical money laundering schemes that were made in foreign economic activities, that allowed to specify a list of financial transactions in foreign economic activities, which are often used in order to legalize unlawful income; to identify the characteristics of customers - of economic operators, involved in money laundering. Substantiated the calculation of complex money laundering risk for specific financial transaction that will increase the efficiency of financial monitoring by SCFM mandatory notice if the financial transaction has high or extremely high risk of complex money laundering. Developed the methodology of points to assess the risk of use of banking services in order to legalize unlawful income, which can be used by commercial bank to determine the effectiveness of the risk management legalization of unlawful incomes or for the necessity to define the integrated risk level of legalization of proceeds from specific financial transaction, and by National Bank to determine the frequency of inspections in commercial banks on financial monitoring. Established the technique of assessing the risk of money laundering of client - economic operator, which includes three stages of assessing of the client's risk: initial rapid assessment of high-level risk during establishing business relationship with the client; rapid assessment of the current high-level risk and risk-depth assessment of the customer, which enables promptly identify high-risk customers and to apply appropriate measures to minimize it.