Financial Stability as a Factor of Ensuring Sustainable Development of Ukraine’s Economy in the Conditions of Globalization

The aggravation of the financial, economic, and political crisis in Ukraine, declining socio-economic development and increasing the destabilizing effects of shadowing and offshoring of the economy, increasing destructive phenomena and processes occurring in the national economy slow down socio-economic development and destructively affect the national economy. In this context, there is a particularly significant impact on the intensification of financial crime, which requires a rapid and effective response and search for countermeasures. This is evidenced by a significant increase in losses of the state budget due to non-receipt of tax revenues, which is associated with tax evasion, legalization of proceeds from crime (money laundering), fraud with financial resources. However, negative trends in financial crimes affect not only the state budget indicators but also other macroeconomic indicators, which raises the need to research this issue and address it immediately. The article identifies the features of ensuring the country’s financial stability, the nature of financial crimes and their impact on economic development, and outlines the main problems of combating financial crime in the system of combating money laundering. The article sheds light on the dynamics of financial crimes in Ukraine, the amount of legalized funds and property obtained by criminal means, and the amount of pure illegal financial flow outside Ukraine. The article assesses the dynamics of tax revenues to the state budget and losses due to tax evasion by economic entities, correlation and regression analysis of the impact of corruption, the shadow economy and shadow GDP on the amount of legalized (laundered) funds. The main methods and schemes of tax evasion are identified and the amounts of money associated with tax evasion are analyzed. The main measures to ensure financial stability as a factor of sustainable economic development in the context of strengthening globalization and European integration are proposed.