EXPERIENCE OF INDIVIDUAL EUROPEAN COUNTRIES IN BUILDING A SYSTEM TO PREVENT MONEY LAUNDERING

Abstract

Ukraine as a European state implements a set of strategic measures for economic development on a global platform, collecting, processing and analysing information about suspicious financial transactions that may be related to money laundering, but the prevention mechanisms are not effective enough and the ranges of such crime pose a real threat to the national security of the country, which determines the relevance of this study. The purpose of the study is to comprehensively analyse foreign strategies to prevent money laundering and, accordingly, consider the possibility of implementing certain measures in the legal plane of the Ukrainian state. In the course of the entire study, a group of general logical methods was used – comparison, analysis, synthesis, and generalisation, which allowed objectively assessing the level and effectiveness of national and legal phenomena to prevent illegal legitimisation by foreign states, which is carried out both on the territory of the country and abroad. The theoretical basis of this study is the investigations of Ukrainian and foreign researchers on aspects of preventing money laundering, and government websites created for the purpose of storing public information in the form of open data and ensuring access to it to a wide range of people. Based on the conducted research in the context of the existing foreign system of combating money laundering, its normative, organisational, and to some extent, socio-cultural aspects were considered. In particular, the activities of the central office represented by the inspector general of financial information of the Polish anti-money laundering system are described. The system of preventing the money laundering of the main financial intelligence unit within the Ministry of Economy, Finance and Industry of France is investigated. The analysis of measures to prevent money laundering carried out by the federal agency for supervision of the activities of financial institutions of the Federal Republic of Germany is carried out. The study considers the practice of preventing money laundering by a professional unit operating as part of the organised crime group in Austria. The state system of measures implemented by the commission for combating money laundering of the Kingdom of Spain is analysed. The preventive activities of the anti-money laundering service of the monetary and financial administration in Italy are described. Attention is focused on effective legal means that have a significant positive impact on the activities of economic processes in the global market economy and proposals were made to supplement the current national legislation regulating the sphere of money laundering prevention. The practical significance of the study is conditioned by the fact that the studied scientific provisions, generalisations, conclusions, and recommendations have both theoretical and applied significance, which can later be used in research activities and the educational process