The practice of implementation of financial monitoringin in Ukraine

Abstract

Introduction. Financial control of monetary circulation provides the simultaneous implementation of supranational, national and internal control of financial flows. It suggests the need to ensure effective cooperation between the entities of financial monitoring between themselves and with the state financial control bodies. It defines the effectiveness of practice of financial monitoring.

The goal is the theoretical justification (based on analysis of indicators of practices of financial monitoring) of system ties between the subjects of financial monitoring.

The method (methodology). The following methods of the theory of knowledge are used in this paper: analysis and synthesis, as well as statistical and graphical methods.

Results. The subjects of financial monitoring simultaneously are the subjects of control over cash, cashless circulation, control of legality of origin of financial resources and transactions with them and exchange controls. Detection of schemes "dirty money" laundering depends on the active participation of banks and insurers. In these sectors it has been carried the largest number of financial transactions with signs of financial monitoring. Agents of financial monitoring conduct external, unscheduled, the current state financial monitoring of monetary circulation on the principles of permanence, continuity and efficiency. Subjects of top-level of financial monitore the agents of financial monitoring without having control measures to business entities or individuals which are associated with the relevant financial transactions.

The State Service for Financial Monitoring which commits only such type of financial control as monetary one interacts with the control bodies in the budget, tax, securities and an important source of information about violations of Finance. It together with other bodies of state financial monitoring conducts inspection of entities. During these inspections it acts directly controlling authority. Consequently, financial monitoring is one of the methods of financial control butthe State Service for Financial Monitoring is the subject of state financial control.The latter according to the indexes of the activity ranks an important place among other organs.