THE CLASSIFICATION SIGNS OF BANKING RISKS IN THE FIELD OF MONEY LAUNDERING OR FINANCING TERRORISM
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Abstract
The international guidelines of the FATF, in particular factors, infl uencing the occurrence of risk, are analyzed. On the basis of the above factors, a classifi cation of risk characteristics of a banking institution in the sphere of money laundering or fi nancing of terrorism was carried out. It has been proved that those sources of legalization risk in banks cause, in a number of commonly accepted, a number of new consequences, which lead to large-scale actions by banks. A number of recommendations were made for banking institutions to establish trusting correspondent relations, as well as to properly understand and assess the risk of legalization (laundering) of illegally obtained income. Th e study, taking into account the classifi cation criteria, will improve the process of identifying and managing the risks of money laundering or fi nancing of terrorism at the national level.