Some Issues Of Financial Monitoring In Ukraine

Abstract

The article characterizes types of financial transactions that have to be monitored and provides information on the practice of application of legislation on financial monitoring.

In Ukraine a financial transactions amount of which is equal to or greater than 150 000 UAH are subjects to financial monitoring (for entities conducting lotteries or hold and provide access to gambling in casinos, any other gambling, including electronic (virtual) casino - 30 000 UAH) or equals or exceeds the sum in foreign currency, precious metals and other assets equivalent to 150 000 UAH (for entities conducting lotteries or conducting and providing access to gambling in casinos, any other gambling, including electronic (virtual) casino - 30 000 UH).

A financial transaction is a object to financial monitoring if the subject of initial financial monitoring suspects based in particular on:

- Risk criteria defined by independently entities, taking into account risk criteria established by the central body of executive development and implementation of state policy in the field of prevention and counteraction to legalization (laundering) of proceeds from crime or financing of the terrorism;

- Establishing the results of the analysis of the facts of non financial (financial) transactions (operations) of the financial condition and / or content of the customer;

- Typological research in the field of counteraction to legalization (laundering) of proceeds from crime or financing terrorism or financing of weapons of mass destruction, prepared and published by the specially authorized body.