Management of bank risks in the system of internal financial monitoring
Risk is an integral part of banking activities. That is why there are many researches on definition, measurement and monitoring of banking risks. Nowadays it is important to improve the risk management process of legalization (laundering) of proceeds from crime or terrorist financing, especially in...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Zhytomyr State Technological University
2015-09-01
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| Series: | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
| Subjects: | |
| Online Access: | http://ven.ztu.edu.ua/article/view/56271 |
| _version_ | 1819008208560193536 |
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| author | O.V. Lysenok O.G. Meloyan |
| author_facet | O.V. Lysenok O.G. Meloyan |
| author_sort | O.V. Lysenok |
| collection | DOAJ |
| description | Risk is an integral part of banking activities. That is why there are many researches on definition, measurement and monitoring of banking risks. Nowadays it is important to improve the risk management process of legalization (laundering) of proceeds from crime or terrorist financing, especially in the present conditions of socio-economic development. This will improve the quality of financial monitoring in the country as a whole and will reduce the risk of attracting banks to laundering money from crime. The article reviews and examines modern management techniques and risk assessment of laundering proceeds from crime. The authors make suggestions to strengthen the tracking and detection of illegal schemes and appropriate approaches to «launder» criminal money. They also offer an appropriate model to manage the risks which accompany the process of laundering the proceeds from crime. According to the study carried out the authors provide their conclusions and recommendations to improve risk management in the system of internal financial monitoring of banks. |
| first_indexed | 2024-12-21T00:36:49Z |
| format | Article |
| id | doaj.art-8995512904674cbab313767f0ed1d5cd |
| institution | Directory Open Access Journal |
| issn | 1728-4236 1728-4236 |
| language | English |
| last_indexed | 2024-12-21T00:36:49Z |
| publishDate | 2015-09-01 |
| publisher | Zhytomyr State Technological University |
| record_format | Article |
| series | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
| spelling | doaj.art-8995512904674cbab313767f0ed1d5cd2022-12-21T19:21:47ZengZhytomyr State Technological UniversityVìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki1728-42361728-42362015-09-01373145152Management of bank risks in the system of internal financial monitoringO.V. LysenokO.G. MeloyanRisk is an integral part of banking activities. That is why there are many researches on definition, measurement and monitoring of banking risks. Nowadays it is important to improve the risk management process of legalization (laundering) of proceeds from crime or terrorist financing, especially in the present conditions of socio-economic development. This will improve the quality of financial monitoring in the country as a whole and will reduce the risk of attracting banks to laundering money from crime. The article reviews and examines modern management techniques and risk assessment of laundering proceeds from crime. The authors make suggestions to strengthen the tracking and detection of illegal schemes and appropriate approaches to «launder» criminal money. They also offer an appropriate model to manage the risks which accompany the process of laundering the proceeds from crime. According to the study carried out the authors provide their conclusions and recommendations to improve risk management in the system of internal financial monitoring of banks.http://ven.ztu.edu.ua/article/view/56271banksystemrisk«laundering» of incomefinancial monitoring |
| spellingShingle | O.V. Lysenok O.G. Meloyan Management of bank risks in the system of internal financial monitoring Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki bank system risk «laundering» of income financial monitoring |
| title | Management of bank risks in the system of internal financial monitoring |
| title_full | Management of bank risks in the system of internal financial monitoring |
| title_fullStr | Management of bank risks in the system of internal financial monitoring |
| title_full_unstemmed | Management of bank risks in the system of internal financial monitoring |
| title_short | Management of bank risks in the system of internal financial monitoring |
| title_sort | management of bank risks in the system of internal financial monitoring |
| topic | bank system risk «laundering» of income financial monitoring |
| url | http://ven.ztu.edu.ua/article/view/56271 |
| work_keys_str_mv | AT ovlysenok managementofbankrisksinthesystemofinternalfinancialmonitoring AT ogmeloyan managementofbankrisksinthesystemofinternalfinancialmonitoring |