CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

corruption, money laundering, and the financing of terrorism. The recommendations and standards developed by this organization are the basis of legislation on countering money laundering and combating the financing of terrorism around the world. The international group on combating money laundering is conducting a study of the system for preventing the laundering of financial resources to compare the management bodies and their functions with the established international standards for countries that are their members, as well as for those who intend to become a member. This analysis is called «national risk assessment» and is carried out to identify existing and potential national risks in anti-money laundering authorities and laws ( Ʉɚɥɿɧɿɧ , 2018). The State Financial Monitoring Service of Ukraine is responsible for combating money laundering and terrorism financing in Ukraine. However, after checking its activities, FATF experts concluded that this body was unable to track suspicious and risky operations in Ukraine. This situation is caused primarily by the weak level of IT system support and the lack of an effective mechanism for collecting information about the sources of funds' origin ( Ʉɚɥɿɧɿɧ , 2018). So, there is a significant demand for crowdfunding investments in Ukraine. A significant part of the population is already ready to use new financial instruments, but they require the state to guarantee the legitimacy of their actions and effective tax conditions. An important role is played by the state of the existing innovation infrastructure in the state, as well as by the authorities that popularize this method of financing and protect the interests of all participants in the crowdfunding system. Conclusions to section 3 1. The section proposes the list of main criteria that will determine the quality of state regulation of crowdfunding, in particular: ensuring all state social guarantees, reducing the number of interference from public authorities, ensuring the appropriate regulatory framework and simplified taxation systems, ensuring the protection of the rights of participants in the crowdfunding system, creating favorable conditions for the development of crowdfunding activities, etc. 2. The experience of several countries on the legal regulation of crowdfunding activities is analyzed. After the research, there were highlighted main aspects of the legal regulation of crowdfunding operations that can be adapted and applied in Ukraine. 131