Edronova V.N.National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation v.n.edronova@mail.ru
Subject Financial monitoring is a new phenomenon in the international and Russian practice. It appeared because of creating the system of combating money laundering and terrorist financing. From the scientific point of view, the phenomenon is covered insufficiently, there are no scientific approaches to interpreting the financial monitoring as a scientific category. Therefore, it is relevant to consider the financial monitoring as a category of financial science based on the nature of relationships it mediates. Objectives The study aims to review the legislative base in the sphere of combating money laundering and terrorist financing; to analyze scientific literature on the financial monitoring; to investigate the existing approaches to financial monitoring disclosure. Methods The methodological basis of the research includes empirical and logical reasoning, analysis and synthesis, and systems approach. Results I provide and underpin the original definition of financial monitoring as a scientific category of finance through the relationship between public authorities and entities implementing financial operations, regarding the legality of source of funds, their movement and use, compliance with the current legislation in the sphere of combating money laundering and terrorist financing. The paper formulates urgent areas of scientific research in financial monitoring. Conclusions The findings will contribute to developing further scientific research in financial monitoring, improving the national system of financial monitoring, increasing its quality and efficiency.
Keywords: financial science, State financial control, internal control, combating money laundering and terrorism financing
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