Determinants of anti-money laundering systems effectiveness in Ukraine: Insights from factorial and regression analysis
Dariusz Zhanseitova G. Zakharkin O. Maksym Tetiana Vovk I. Vasylieva T.
1 July 2025LLC CPC Business Perspectives
Public and Municipal Finance
2025#14Issue 2146 - 170 pp.
The effectiveness of anti-money laundering systems is vital for national economic resilience, especially in transitional economies facing wartime challenges, such as Ukraine. This study aims to identify key managerial determinants of the effectiveness ofUkraines anti-money laundering and couter-terrorist financing (AML/CFT) system andto develop evidence-based recommendations for improving its performance. Based on datafrom Ukrainian national institutions for the period 2011– 2023, the study employs principal component analysis and multiple linear regression to evaluate 44 statistical indicators related to institutional workload, procedural efficiency, and inter-agency coordination. The findings reveal that a small set of indicators, including the volume of suspicious transaction reports from non-banking institutions, the number of dossiers compiled, and the backlog of unresolved judicial cases, explain over 70% of the systems output variance. The final model exhibits high explanatory power (R² = 0.963), underscoring the importance of prioritizing high-impact operational metrics. The study concludes that targeted procedural reforms and enhanced coordination between institutions can significantly strengthen AML/CFT outcomes in fragile and reforming contexts.
AML/CFT , efficiency , factor analysis , financial monitoring , regression analysis , Ukraine
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Department of Applied Social Sciences, Faculty of Organization and Management, Silesian University of Technology, Poland
L.N. Gumilyov Eurasian National University, Kazakhstan
Department of Financial Technologies and Entrepreneurship, Sumy State University, Ukraine
Department of Finance, Borys Grinchenko Kyiv Metropolitan University, Ukraine
Technical University of Berlin, Germany
Technical University of Berlin, Germany
Department of Finance, Kyiv National Economic University named after Vadym Hetman, Ukraine
Department of Financial Technologies and Entrepreneurship, Sumy State University, Ukraine
Department of Applied Social Sciences
L.N. Gumilyov Eurasian National University
Department of Financial Technologies and Entrepreneurship
Department of Finance
Technical University of Berlin
Technical University of Berlin
Department of Finance
Department of Financial Technologies and Entrepreneurship
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