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Financial Monitoring as the Key Element of the Mechanism for Ensuring Economic Security

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  • Surnina K.S.
  • Denenberg Yu.M.

Abstract

This article deals with the theoretical and legal fundamentals of forming the Russian system of financial monitoring and introduces the analysis of efficiency in the functioning of the Federal Financial Monitoring Service by separate dynamics. It also considers approaches to define indicators being threshold values by nature and which are lower than money transactions regarded as suspicious. It was proposed to establish a position of a commissioner for anti-money laundering. It was proved that, in accordance with the new procedures for assessing the effectiveness of national systems for combating money laundering and terrorist financing, it became necessary to train observers. Observers in their turn should conduct ongoing analysis and the preparation of a draft report on the changes with conclusions and recommendations.

Suggested Citation

  • Surnina K.S. & Denenberg Yu.M., 2018. "Financial Monitoring as the Key Element of the Mechanism for Ensuring Economic Security," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 567-575.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:567-575
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    References listed on IDEAS

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    1. Nikolaos G. Theriou, 2015. "Strategic Management Process and the Importance of Structured Formality, Financial and Non-Financial Information," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 3-28.
    2. Simon Grima & Luca Caruana, 2017. "The Effect of the Financial Crisis on Emerging Markets: A Comparative Analysis of the Stock Market Situation Before and After," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 727-753.
    3. Besnik Fetai, 2015. "Financial Integration and Financial Development: Does Financial Integration Matter?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 97-106.
    4. N.P. Gubin & S.A. Litvinova & V.A. Arsenyeva, 2017. "Types of Financial and Credit Products: Concept, Subject, and Place on Russian and Global Financial Market," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 524-529.
    5. Sergey Vladimirovitch Anureev, 2017. "Reconfiguration of Financial System Elements to Restore Economic Growth: The System Simplicity and Transformation towards State-Based and Corporate-Based Types," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 281-307.
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