Abstract

This article considers the peculiarities of scientific and methodical approach construction to the evaluation of the State Financial Monitoring Service effectiveness as a component of the national system for Prevention and Counteraction to Legalization (Laundering) of the Proceeds of Crime or Terrorism Financing. The mechanism of functioning of the State Financial Monitoring Service of Ukraine is treated as a queueing system. Namely, denials of service requests, which provides for a possibility to form a queue with unlimited waiting and no limit on the queue length. Practical approbation was obtained with respect to the characteristics of the input and output service flows, indicators for assessing the stability and efficiency of the state regulation system and supervision under investigation.

Keywords: efficiency assessment, risk, counteraction to money laundering and terrorism financing, queueing system with failures, state regulation.

JEL Classification: L51, K33, G28, G21.

Cite as: Subeh, M. A., Boiko, A. (2017). Modeling efficiency of the State Financial Monitoring Service in the context of counteraction to money laundering and terrorism financing. SocioEconomic Challenges, 1(2), 39-51. http://doi.org/10.21272/sec.1(2).39-51.2017.

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