FINANCIAL MONITORING IN UKRAINE

The research is devoted to the analysis of the role of the National Bank of Ukraine in ensuring the effectiveness of financial monitoring as a key element of ensuring the financial security of the state. The paper highlights the peculiarities of financial monitoring in Ukraine, identifies the main tasks and mechanisms for its implementation in the context of current economic challenges. The legal framework governing financial control in the country, including legislative initiatives and Ukraine's international obligations in the field of combating money laundering and terrorist financing (AML/CFT), is considered. The role of state regulators, in particular the National Bank of Ukraine, in creating an effective system of supervision over financial transactions and ensuring an appropriate level of coordination between banking and non-banking institutions is investigated. Particular attention is paid to the adaptation of the national financial monitoring system to international standards and recommendations of such organisations as the Financial Action Task Force on Money Laundering (FATF), the Organisation for Economic Co-operation and Development (OECD) and the Basel Committee on Banking Supervision. The author analyses real-life examples of violations in the field of financial monitoring, which demonstrate the existing gaps in regulation and indicate the need to improve regulatory policy. Potential areas for improving the financial control system are identified, including increasing the transparency of financial transactions, introducing the latest data analysis technologies, expanding the possibilities for cooperation between government agencies and financial institutions, and increasing liability for violations in this area. The paper formulates practical recommendations for further development of the financial monitoring system in Ukraine aimed at increasing its effectiveness in the context of growing financial threats and economic instability. The emphasis is placed on the need for an integrated approach to financial supervision that takes into account both national peculiarities and international experience in combating financial fraud and money laundering.