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Information × Registration Number 0223U002886, 0121U110027 , R & D reports Title Development of scientific and methodological approaches to the assessment and risk management of the use of virtual assets in Ukraine in schemes of money laundering and base erosion popup.stage_title Head Lubich Oleksandr O., д.е.н. Registration Date 15-03-2023 Organization State Educational Institution "Academy of Financial Management" popup.description2  The scientific research deals with the peculiarities of implementing the updated Recommendations of the Anti-Money Laundering Group (FATF) to enforce the provisions of international standards for the regulation of virtual assets transactions and the activities of virtual asset service providers. The purpose of this research is to investigate the classification of virtual assets market instruments and its participants for the further development of this market activity at the legislative level. In addition to drafting a basic national law on the virtual assets market in Ukraine, it is urgently needed to develop regulatory regulations on the interaction of the virtual assets market with the financial market sectors, namely, primarily with the banking sector and the stock market of Ukraine. It is the regulation of exchange transactions with virtual assets and fiat money that will create a system of monitoring these transactions for the legalization of funds obtained through crime, fraud, manipulation on organized trading platforms, in the settlement of transactions for illegal goods. A particular challenge to regulate this area is to conduct due diligence on the participants of the operation in accordance with international standards of compliance. The authors provide recommendations on the use of software to analyze and determine the risk of transactions in compliance with AML requirements policies and procedures, criteria for assessing the risk of cryptocurrency customers, banking institutions, professional participants of the stock market and other sectors of the economy, the peculiarities of interaction between the supervisory authorities of participants in these markets. At the same time, the authors emphasize the harmonization of the interaction of the supervisory authorities and the implementation of a risk-oriented approach in order to counteract excessive regulation for the development of the virtual assets market and innovations in its activities. Product Description popup.authors Volkova Valeriia M. Havrylenko Svitlana V. Hulei Anatolii I. Dmytrenko Tetiana L. Dubetskyi Andrii I. Liubich Oleksandr О. Ovsiannikova Iana P. Parkhomenko Yuliia V. Ukhnal Nataliia M. Cheban Ihor M. popup.nrat_date 2023-03-15 Close