The dissertation summarizes the existing scientific developments in determining the essence of financial monitoring, examines the features of building a financial monitoring system, its components, regulatory support, identifies financial transactions subject to financial monitoring, considers a risk-based approach to financial monitoring by banking institutions, and defines the features of cooperation with politically exposed persons.
A thorough analysis of the conceptual and categorical apparatus of economic security of the national economy revealed its main features: the implementation of economic security as a complex set of conditions, principles, factors, methods, tools of economic, legal, political orientation should ensure the prerequisites for sustainable development of the country, a decent standard of living of the population, minimizing the risk of deliberate harm to the lives of citizens and their property.
The dissertation proves that economic security is an integral part of national security, and one of its most important elements is financial security. Financial monitoring is of key importance among financial security tools as a system of measures that increases the level of financial and economic security of the state by monitoring financial transactions and reducing the volume of financial crimes.
A methodology for assessing the risk of using banks for money laundering is proposed based on gravity modeling, which considers the country's rating to determine the level of risk of money laundering based on the Minkowski metric. It allowed determining the main priorities of the state’s economic policy in terms of strengthening national economic security.
The dissertation offers a scientific and methodological approach to determining the level of losses from money laundering for financial institutions, based on the construction of cost matrices and a decision tree of possible alternatives to the occurrence of banking risks. The formation of a feature space of the main loss indicators is taken into account, relevant risk factors are evaluated, and banking risk factors are compared. This will allow banks to reduce the risk of their involvement in money laundering processes, intensify the demand for classic banking services, maintain licenses for banking services, stabilize the bank’s activities, and improve cooperation with international partners and counterparties.
The dissertation improved and suggested employing the methods of frontier analysis of the effectiveness of financial monitoring of banks in the context of assessing the risks of money laundering using Data Envelopment Analysis. This made it possible to determine the existing reserve and the possible potential for improving financial monitoring efficiency for a specific bank.
The methodological toolkit for determining the integral threat index of the national economy based on the construction of a structural-logical model using the Kernel function and the multiplicative convolution form has been investigated and improved, which allows the selection of relevant indicators for assessing the index under study based on a combination of Pareto analysis and a scatter diagram. The practical application of the proposed scientific and methodological approach allows for the prompt adoption of effective management decisions to minimize the risks to national security and form a mechanism for rapid recovery after exposure to destructive factors.
The dissertation improves and proposes a methodology for state regulation of the economic security of the national economy by using the toolkit of game theory, which, in contrast to the existing ones, is based on identifying a conflict situation between the state and economic agents, which are used by banks for money laundering, building a payment matrix of quantitative results of the participants’ functioning in the form of a linear multifactorial regression equation. This made it possible to formalize strategies for effective regulation of the economic security of the national economy.
Effective scenarios for reforming the national financial monitoring system have been formed based on building an economic and mathematical model for quantitative assessment and qualitative interpretation of reform strategies for the national financial monitoring system by using the integer optimization method. This made it possible to assert that, subject to the formation of effective tools for the gradual overcoming of the threatening factors of intensifying the process of money laundering, the country can turn into a regional leader in the fight against financial offenses.
