Hrabchuk O. State Policy for Countering the Financing of Terrorism

The dissertation is devoted to the substantiation of theoretical, methodological and organizational provisions and the development of mechanisms of state policy for countering the financing of terrorism, taking into account new challenges to state security. The paper provides a bibliographic analysis of research on public administration in the field of countering the financing of terrorism, which made it possible to identify issues of state policy formation at the theoretical level. To ensure compliance with the unity in the use of the categorical and terminological apparatus, the essence of the concepts «state policy for countering the financing of terrorism» and «mechanism of state policy for countering the financing of terrorism» is considered. It is proposed to classify terrorism according to the characteristics that will affect the choice of methods and tools for identifying signs of the use of funds for its financing. The speed and anonymity of online payments justify the use of cryptocurrency in illegal areas, i.e. money laundering, purchase of weapons and other illegal goods and services. This creates threats to the state and requires the development of public administration mechanisms in the field of countering the financing of terrorism, in particular, it makes it necessary to introduce restrictive legal norms to counteract adverse phenomena. The article summarizes the approaches to the interpretation of financial monitoring, which are due to its multidimensional nature and research in the field of financial law, finance, public administration, and country security. The assessment of the state policy of countering the financing of terrorism should take into account the issues of evaluating the effectiveness of financial monitoring, which can be determined for each type of its provision. The effectiveness of national systems for countering money laundering and terrorism financing was evaluated. It is proposed to establish tighter control over operations with cryptocurrency and pay attention to the implementation of a number of preventive measures to ensure the counteraction of its use for terrorism financing. The paper proves the need to create an Agency for combating digital threats and terrorism as a separate entity with a special status and powers, which will perform professional analytical and communication functions, as well as monitor threats directly related to the financing of terrorism.