Studies > Financial compliance

Financial compliance

Тип: Нормативний

Кафедра: department of financial technologies and consulting

Навчальний план

СеместрКредитиЗвітність
94Диференційований залік

Лекції

СеместрК-сть годинЛекторГрупа(и)
916професор Vovchak Olha

Практичні

СеместрК-сть годинГрупаВикладач(і)
932професор Vovchak Olha

Опис курсу

The discipline “Financial Compliance” is a normative course for the specialty “Finance, Banking, Insurance and Stock Market” and the educational program “Finance, Banking and Insurance.” It is taught in the 1st semester and is worth 4 credits (ECTS).

The academic course “Financial Compliance” explores the theoretical, organizational, legal, and practical aspects of financial compliance within the internal control systems of banks and other financial institutions. It also covers approaches to implementing policies for preventing and combating the legalization (laundering) of illicit funds, as well as mechanisms for managing compliance risks.

The purpose of this course is to provide students with theoretical knowledge and develop professional competencies related to the organization and implementation of financial compliance by regulators and financial market participants.

The objectives of the academic course are:

  • To provide students with knowledge about the essence and development of financial compliance, its regulatory and financial components, and to define the role and functions of regulators and financial institutions in its implementation.
  • To develop in students a systematic understanding of the theoretical, organizational, and legal principles of financial compliance and financial monitoring, as a component of it, in Ukraine and worldwide.
  • To analyze the advantages and disadvantages of a financial institution’s compliance risk management system.
  • To teach students how to develop compliance programs and define the functions and powers of a chief compliance manager (officer).
  • To develop students’ skills in applying the principles of “Know Your Customer” (KYC) based on a risk-based approach when opening accounts in banks and other financial institutions, as well as using methods for working with insider information.

Рекомендована література

  1. Anti-corruption compliance: a manual for a training program for persons responsible for implementing an anti-corruption program. URL: http://cgpa.com.ua/wp-content/uploads/2018/07/Compliance.pdf.
  2. Sheludko S. A. International Banking Standards: Textbook. Kyiv: Condor Publishing House, 2020. 260 p.
  3. Yegoricheva S.B. Organization of financial monitoring in banks : a textbook/ S. B. Yegoricheva. K.: Center for Educational Literature, 2019. 292 p.
  4. Biloshapka V.S., Okhrimenko I.B. Banking compliance : the legislative basis for its formation and the influence of the central bank as a financial regulator on its development. Scientific innovations and advanced technologies (Economy series). 2023. No. 7(21). P. 88-101.
  5. Boyarko I.M., Vovchak O.D., Rudevska V.I., Khutorna M.E. Conceptualization of mesoprudential banking supervision and regulation from the position of forming an effective business architecture of the banking sector. International scientific and practical journal “Financial Space”. 2022. No. 2(46). P.57-67.
  6. Vovchak O., Kantsir V., Kantsir I., Financial monitoring as an economic and legal method of countering terrorism. Financial and credit activities: problems of theory and practice. Volume 2 (№29). 2019. P. 339-347.
  7. Vovchak O.D., Stadniychuk R.V. Financial risk monitoring as a tool for financial recovery of banks. Economic space: Collection of scientific papers. No. 157. Dnipro: PDABA, 2020. P.74-77.
  8. Vovchak O. D., Yendorenko L. O. Institutional and legal aspects of the formation and development of the financial monitoring system in Ukraine. Bulletin of the University of Banking. 2021. No. 1 (40). P.19-24.
  9. Vovchak O.D., Stadniychuk R.V. Integral assessment of the level of financial stability of banks in the system of their financial recovery. Financial and credit activities: problems of theory and practice. 2021. No. 2. P. 14-23.
  10. Vovchak O.D., Yendorenko L.O. Improving the financial monitoring system in Ukrainian banks and assessing compliance risks. Problems of economy. No. 3. 2023. P. 237-243.
  11. Vovchak O.D., Yendorenko L.O. Consideration of the features of the analysis of financial transactions subject to financial monitoring in wartime. Technological audit and production reserves. Volume 3, No. 4(71). 2023. Pp. 37-41.
  12. The impact of the banking system on ensuring the financial security of Ukraine: monograph / edited by Dr. of Economics, Prof. O.D. Vovchak. Kyiv: State Higher Educational Institution “UBS”, 2019. 250 p.
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  16. Mariana Kobelia-Zvir, Igor Mishchuk, Olga Vovchak, Yurii Zvir. The current state and prospects of development of the European Commission’s grant programs for the implementation of joint Ukraine-EU projects. Revista Interdisciplinary de Ciência Aplicada, ISSN: 2525-3824. 2024. DOI: 10.18226/ 25253824.v8.n13.15 (Scopus).
  17. You control Academy (2021). Finmonitoring as a type of compliance control. URL: https://youcontrol.com.ua/ru/academy/course/komplaiens/ finmonitorynhyak-riznovyd-komplaiens-kontroliu/ .
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  25. On Prevention of Corruption Law of Ukraine dated October 14 , 2014 1700 – VII . URL : https://zakon.rada.gov.ua/laws/show/1700-18#Text .​​
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  29. Principles of the Wolfsberg Group. URL: https://fiu.gov.ua/pages/dijalist/mizhnarodne-spivrobitnictvo/mizhnarodni-standarti/inshi-standarti/ princzipi-volfsberzkoji-grupi.html
  30. Vovchak O.D., Yaroshenko O.O. Evolutionary and transformational processes in the system of financial support for economic growth of Ukraine (1991–2024) . Effective Economy . No. 3 (2025). Pp. 1-20.
  31. Vovchak O.D. Digital currencies and prospects for their use as a new evolutionary form of money. Digital transformation of the financial sector of the economy: collection of abstracts of reports based on the materials of the V International Scientific- Practical Internet Conference , April 9-10, 2020. Odessa: ONEU, 2020. P.136-139.
  32. Financial security of households in Ukraine: current problems and mechanisms for ensuring it: monograph, edited by Doctor of Economics . Professor B.I. Prshyk . Lviv, SPOLOM. 2020. 138 p.
  33. Vovchak O.D., Yendorenko L.O. Strengthening the role of compliance risks of banks in wartime. Financial business in Ukraine and the world: marketing features and patterns: Materials of the II International Scientific and Practical Internet Conference (October 13, 2022, Lviv, Ukraine). Lviv: Ivan Franko National University of Lviv, 2022. P. 7-8.
  34. Vovchak O.D., Andreykiv T. Ya. The impact of banking risks on the financial stability of the banking system. Financial regulation of shifts in the economy of Ukraine: collection of abstracts of reports of participants of the VI International Scientific and Practical Internet Conference, Mukachevo, Ukraine , March 29, 2022. Mukachevo: Mukachevo: Publishing House of Moscow State University, 2022. P. 17-19.
  35. Vovchak O. D., Yendorenko L. O. Prerequisites and tools for using banks to launder funds obtained through crime. Development of the world’s banking systems in the context of globalization of financial markets: Proceedings of the XIII International Scientific and Practical Conference. October 25, 2019. Cherkasy: Chernivtsi National Research and Development Institute of State Higher Educational Institution “University of Banking”, 2019. P.213-216.
  36. Vovchak O.D., Yendorenko L.O. Compliance risk management in banks. Modern directions of development of economy, entrepreneurship, technologies and their legal support: materials of the International scientific and practical conference / [responsible for the issue : prof. Semak B. B. ]. Lviv: Publishing house of Lviv University of Trade and Economics, 2020. P.120-122.
  37. Vovchak O. D., Kantsir I. A. Transformation of financial management in the context of current challenges. Management of economic environment development in the context of global transformations: collection of abstracts of the III International Scientific and Practical Conference (Ukraine, Kharkiv , February 6-7, 2025) / [Electronic resource]. – Kharkiv : V. N. Karazin National University, 2025. P.44-45.
  38. Vovchak O.D., Building compliance in a bank: features, trends and modern realities. Modern business, management and law in the era of global challenges of humanity: collection of abstracts of the international scientific and practical conference (Kyiv, May 15-16, 2025) / edited by O.V. Bezpalenko , Ph.D. , associate professor – Kyiv: Kyiv University of Market Relations, – Kyiv 2025.– 394 p.
  39. Yurkiv N.Ya., Vovchak O.D. Provision of financial assistance to Ukraine by the G7 countries through the mechanism of applying financial sanctions against the Russian Federation . Economic security: state, region, enterprise: Materials of the IX International Scientific and Practical Conference, May 15, 2025 – Poltava: NUPP, 2025. – P.17-21.