UkrainianProfessional Education

Abstract

The article is dedicated to analyzing the impact of financial monitoring on the export-import operations of small and medium enterprises (SMEs) in Ukraine. Following the signing of the Association Agreement with the European Union, Ukrainian SMEs gained access to new international markets, offering substantial development opportunities. However, the absence of the presumption of innocence, the complexity, and the lack of clear regulation of financial monitoring criteria pose significant obstacles to the effective operation of SMEs. The article examines the key challenges SMEs face in complying with financial monitoring requirements, including the lack of presumption of innocence in payment processing, excessive bureaucratization of processes, and the limited human and financial resources of enterprises to meet monitoring requirements. The article also proposes possible ways to simplify monitoring procedures, particularly through the implementation of a risk-based approach and the automation of verification processes. These measures could reduce the regulatory obstacles on SMEs and enhance their competitiveness in international markets

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