DIRECTIONS OF PROVIDING A FINANCIAL MONITORING SYSTEM ON THE DOMESTIC STOCK MARKET

Abstract

The article examines the theoretical aspects of ensuring the system of financial monitoring on the Ukrainian stock market. In particular, it is determined that the financial monitoring system, in accordance with the Law of Ukraine "On Prevention and Counteraction of Legalization (Laundering) of Criminal Proceeds, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction" is control, analysis, supervision of financial activity on the stock market, not only professional participants, but also issuers and investors. The main subjects of ensuring the financial monitoring system on the domestic stock market are: the National Bank of Ukraine, law enforcement agencies, the Ministry of Justice of Ukraine, the Ministry of Digital Transformation of Ukraine, the State Financial Monitoring Service of Ukraine, the State Financial Monitoring Service, the National Anti-Corruption Bureau of Ukraine. The main function of the regulator and supervisor is entrusted to the National Commission for Securities and the Stock Market. Financial monitoring ensures supervision and investigation of financial entities based on reports received electronically by the NCCPFR about possible violations of legislation or suspicious financial transactions. During 2017-2021, the main subjects of the primary financial control system were: depository institutions, investment companies, insurance companies, asset management companies. In 2021, the total number of reports to the State Financial Monitoring Service about suspicious financial transactions related to securities there were 21,394 non-banking institutions, which is 51,307 less than in 2017. During 2021, the NKCPFR monitored 2,301 financial reports for 2020 submitted by 2,056 professional capital market participants and 245 issuers of securities whose securities were admitted to trading on stock exchanges, by checking the disclosure of financial statements and audit reports in the NKCPFR information base and publishing them on own websites in the part related to financial statements and audit reports. The biggest problem with improving the financial monitoring system on the stock market is related to the political and economic situation in the country.