COMPARATIVE ANALYSIS OF SUPERVISORY AND REGULATORY SUPPORT OF FINANCIAL MONITORING AND CYBER SECURITY PROCEDURES

Abstract

Ways to improve the procedures of financial monitoring, cybersecurity organizations in the transition of the state economy to digital format, the development of innovative digitization, the level of information awareness of society is an urgent task today. In the absence of a consensus on the application of specific international law in the field of cybersecurity, individual states unilaterally determine their national positions. Therefore, it is important to determine the specifics of each system for safe and correct organization of mutually beneficial cooperation, on the one hand, and to improve their own practices and procedures to combat money laundering, gain qualitatively new knowledge on the least manifestations of risks and their prevention. stage of origin, on the other hand. The article presents a comparative analysis of the legal support of cyber defense and cybersecurity of the financial system and information and communication technologies of Germany, Poland, Ukraine, the United States, Switzerland, and the European Union. The generalized algorithm of financial monitoring is considered in the context of EU member states, based on the current provisions of Directive 2018/843 / EU of the European Parliament and of the Council of Europe on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. The main provisions on which the European Commission’s algorithm is based are: open access to the registers of beneficial owners of companies, which increases the transparency of the analyzed information on financial transactions; transparency of information about trusts and similar structures; expanding the range of obligated entities (suppliers of e-wallets and virtual currency exchange platform); strengthening the capacity of the competent Financial Intelligence Units of the European Union to request, receive and use information from obligated entities; compliance with the criteria for verification of financial transactions carried out with the involvement of countries with a high degree of risk. The results obtained on the organization of a well-developed roadmap for financial monitoring on the example of the European Union serve as a basis for short- and long-term cybercultural modifications for both economic agents and the state.