|Title||Assessment of financial monitoring efficiency in the banking system of Ukraine|
Оцінка ефективності фінансового моніторингу в банківській системі України
Bukhtiarova, Alina Hennadiivna
Semenoh, Andrii Yuriiovych
Nebaba, Nataliia Oleksandrivna
Józef, Antoni Haber
|Date of Issue||2020|
|License||Creative Commons Attribution 4.0 International License|
|Citation||Alina Bukhtiarova, Andrii Semenog, Мila Razinkova, Nataliia Nebaba and Józef Antoni Haber (2020). Assessment of financial monitoring efficiency in the banking system of Ukraine. Banks and Bank Systems, 15(1), 98-106. doi:10.21511/bbs.15(1).2020.10|
The transformation processes taking place in the global economy and the expansion of
global business ties increase the overall vulnerability of the international banking system.
One of the problems related to money laundering is the process of evaluating the efficiency
of financial monitoring measures. The article discusses the issues of assessing the effectiveness of financial monitoring in the banking system of the country. For Ukraine, this
problem is especially relevant, because there is a bank-centric model of the financial market
(about 90% of assets go through the banking system) in the country. According to official
data, 50% of economic activity in Ukraine ends with money laundering. The article presents the improved method that quantifies the level of financial monitoring system effectiveness at commercial banks of Ukraine based on calculations of the integral index. The
index indicates the dynamics of the financial system protection degree from the money
laundering threat based on the expediency and efficiency of financial monitoring in the
banking system. As a result, more comprehensive conclusions about the level of financial
security of the country are made. According to assessments, in 2017–2018 the efficiency of
financial monitoring of the banking system of Ukraine was at the middle level (about 64%).
The proposed method can be applied to evaluate the effectiveness of the financial monitoring system in any country and become the basis for improving the anti-money laundering
system through the banking system.
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Наукові видання (ННІ БіЕМ)
|BBS_2020_01_Bukhtiarova_financial_monitoring.pdf||439,44 kB||Adobe PDF||25|
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