THE ROLE AND PLACE OF FINANCIAL MONITORING IN THE SYSTEM OF PUBLIC FINANCIAL CONTROL
Article Sidebar
Section
This work is licensed under a Creative Commons Attribution 4.0 International License.
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International (CC BY 4.0) license, which permits unrestricted use, distribution, and reproduction of the content in any medium, providing that the original author and source are credited.
Main Article Content
Abstract
In the presented article the authors conduct a scientific and methodological study of the role and place of the system of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorist financing and financing the proliferation of weapons of mass destruction in the system of public financial control.
Based on the results of the study, the authors consider control as one of the methods of state-authorized bodies in the implementation of supervisory and control form of state functions, which is manifested in systematic monitoring and verification of the operation of the object of a social, industrial or other process. authorized persons in order to counteract something undesirable, detection, prevention and cessation of illegal behavior by the object of observation.
State financial control is defined by the authors in the article as the activities of public authorities and management within the control and supervisory form of state functions, which is represented by a set of forms, methods and tools of control by which these bodies receive information about the actual state of affairs, distribution and use of public financial resources at all levels of the public sector of the economy in order to detect, prevent and stop illegal behavior by the object of observation.
In the context of the author’s vision, the study presents a logical chain of interrelation of the concepts of «financial control», «public financial control», «countering the legalization of illegal income». The emphasis is on the author’s view on financial monitoring as a subsystem of a holistic system of combating money laundering in the state. The methodological approach to the functioning of counteraction to money laundering is substantiated, according to which financial monitoring is considered more as an element of state financial control and to a lesser extent as an element of financial control (in terms of primary financial monitoring that can be carried out by non-governmental bodies).
Article Details
How to Cite
References
Bohomol, Yu. (2018). Osoblyvosti realizatsii funktsii derzhavy [Features of the implementation of state functions]. Pidpryiemnytstvo, hospodarstvo i pravo — Entrepreneurship, Economy and Law, 12, 249—252 [in Ukrainian].
Mashkov, A. D. (2015). Teoriia derzhavy i prava [Theory of State and Law]. Kyіv: Dakor [in Ukrainian].
Petryshyn, O. V. (2014). Teoriia derzhavy i prava [Theory of State and Law]. Kharkiv: Pravo [in Ukrainian].
Shevchenko, O. M. (2017). Pidkhody do vyznachennia sutnosti kontroliu v teorii derzhavnoho kontroliu [Approaches to determining the essence of control in the theory of state control]. Aktualni problemy derzhavnoho upravlinnia — Actual Problems of Public Administration, 2 (52), 1—7 [in Ukrainian].
Fomitska, N. V., Myronova, N. S., & Naboka, L. V. (2012). Kontrol u derzhavnykh instytutsiyakh [Control in state institutions]. O. Yu. Amosov. (Ed.). Kharkiv: Vyd-vo KharRI NADU «Mahistr» [in Ukrainian].
Dikan, L. V. (2009). Finansovyi kontrol: teoriia ta metodolohiia [Financial control: theory and methodology]. Kharkiv: KhNEU [in Ukrainian].
Hutsalenko, L. V., Derii, В. А., & Kotsupatryi, M. M. (2009). Derzhavnyi finansovyi kontrol [State financial control]. Kyіv: Tsentr uchbovoi literatury [in Ukrainian].
Zhadan, T. A. (2017). Ekonomichna sutnist ta zmist poniattia «derzhavnyi finansovyi kontrol» [Economic essence and content of the concept of «state financial control»]. Prychornomorski ekonomichni studii — Black Sea Economic Studies, 16, 161—168 [in Ukrainian].
Kadnichanska, V. M., & Utkina, O. V. (2014). Teoriia ta praktyka funktsionuvannia systemy finansovoho monitorynhu v bankakh Ukrainy [Theory and practice of functioning of the financial monitoring system in banks of Ukraine]. Molodyi vchenyi — Young Scientist, 12 (15), 149—152 [in Ukrainian].
Yehorycheva, S. B. (2014). Orhanizatsiia finansovoho monitorynhu v bankakh [Organization of financial monitoring in banks]. Kyiv: Tsentr uchbovoi literatury [in Ukrainian].
Verkhovna Rada Ukrainy. (2003). Pro zapobihannia ta protydiiu lehalizatsii (vidmyvanniu) dokhodiv, oderzhanykh zlochynnym shliakhom, abo finansuvanniu teroryzmu: Zakon Ukrainy vid 28.11.2002 No 249-IV [On prevention and counteraction to legalization (laundering) of proceeds from crime or terrorist financing: Law of Ukraine of 28.11.2002 No 249-IV]. Vidomosti Verkhovnoi Rady Ukrainy — Bulletin of the Verkhovna Rada of Ukraine, 1. Retrieved from http://zakon.rada.gov.ua/cgi-bin/laws/main.cgi?nreg=249-15 [in Ukrainian].
Akimova, O. V. (2017). Metodolohiia rozvytku pidsystemy finansovoho monitorynhu v systemi derzhavnoho finansovoho kontroliu [Methodology of development of the subsystem of financial monitoring in the system of state financial control]. Extended abstract of Doctor’s thesis. Chernihiv [in Ukrainian].