COUNTERACTION TO FINANCING TERRORISM AND SEPARATISM MANIFESTATIONS AS BASES FOR GUARANTEE OF ECONOMIC SECURITY OF THE STATE

Abstract

It is justified that the activation of terrorism and separatism in Ukraine that has been occurring in recent years highlights the need to combat financing. The activity aimed at identifying channels of financial support for terrorist and separatist activities, as well as effectively blocking them, becomes one of the key directions in ensuring the economic security of the state. The object of this research is to deepen the theoretical and methodological foundations of various aspects of financing terrorist activities and separatist actions as threats to the economic security of the state, and to determine directions for opposing terrorism and separatism.
 Factors influencing the development of trends in terrorism financing and separatist activities have been identified. On the one hand, the continued growth of international capital, business, and human flows in the context of globalization occurs alongside persistent disparities in the development of financial-economic systems in different countries and regions and the shadow component of the global economy. This maintains opportunities for the accumulation and laundering of funds and for conducting terrorist and separatist activities at various levels. On the other hand, counterterrorism financing has become one of the few directions of international cooperation in the fight against terrorism, with real successes observed not in reducing terrorism financing, but in increasing the overall transparency of financial systems and flows, and intensifying international pressure on offshore entities etc.
 It proves that the key role in the financing of terrorism and separatism systems and channels may ultimately shift towards the area of the most active interaction between formal and informal money accumulation systems. National and international measures for long-term counteraction to terrorism financing should take into account the control of channels within both the formal financial and banking system, other legal financial agents, commodity flows and services, traditional money transfer systems, as well as other informal mechanisms.