Edronova V.N.National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation v.n.edronova@mail.ru
Importance Financial monitoring has become a new phenomenon in international and domestic practices after the mechanism for anti-money laundering and combating terrorist financing was set up. The article summarizes practical results in financial monitoring in terms of protection of the national interests. Objectives I examine theoretical aspects and legislative framework for anti-money laundering and countering terrorist financing; analyze annual reports, press releases, announcements, speeches and interviews of representatives of the Federal Financial Monitoring Service; identify principal areas and outcome of the financial monitoring development as a whole and its separate parts; review whether the national system complies with the international standards. Methods The research is methodologically based on empirical and logic constructs, analysis and synthesis, generalization, systems approach, statistical analysis methods. Results I reviewed the development of financial monitoring against evolving international and national practices for anti-money laundering and combating terrorist financing. I singled out components of the national financial monitoring system, analyzed tools that helped improve them. The article presents financial monitoring results, their impact on defense of Russia's national interests, anti-money laundering, countering terrorist and extremist financing. I also articulated the paths for further development of financial monitoring. Relevance The results are relevant to servants of State financial monitoring agencies, internal control departments in financial institutions, credit and non-credit institutions, masters and post-graduates. The materials may prove useful for educational purposes and training of respective specialists.
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