NCJ Number
244740
Journal
Internal Security Volume: 5 Issue: 1 Dated: January-June 2013 Pages: 95-105
Date Published
June 2013
Length
11 pages
Annotation
The article presents current issues in determining the nature and characteristics of organizational and legal aspects of the strategy of prevention and counteraction of legalization (laundering) of proceeds from crime and terrorist financing in Ukraine.
Abstract
In the paper, the author scrutinizes general theoretical questions of the organization and implementation of financial monitoring, the legal framework for public entities and initial financial monitoring, as well as law-enforcement and other government agencies authorized to prevent and counteract the legalization (laundering) of proceeds of crime and financing of terrorism. The main tasks of the State Service for Financial Monitoring of Ukraine are defined as a central body of executive power and the financial intelligence unit of the administrative type created for the implementation of state policy in the field of prevention and counteraction of legalization (laundering) of proceeds of crime or financing of terrorism, and therefore playing a key role in anti-legalization activities. In addition, taking into account the provisions of the legislation of Ukraine and some of the CIS countries, the practical work of law-enforcement and other government bodies, suggestions were made and recommendations were developed for further improvement of strategy (conception) for prevention and counteraction to legalization (laundering) of proceeds of crime and financing terrorism, including the main criteria for assessing the effectiveness and impact of activities in this area. Scientific exploration has not only theoretical but also of considerable practical importance for the further development of the national anti-legalization system. Thus, the study provides a holistic view of the existing problems in the strategic plans (programs) for prevention and counteraction to legalization (laundering) of proceeds from crime in the context of the current political and economic development of Ukraine. (Published Abstract)