Money laundering operations for more than USD 2 billion detected in 9 months in Ukraine

The State Financial Monitoring Service has revealed dubious financial transactions in the amount of US$ 2 billion for 9 months of this year. Accordingly, 739 materials on these cases were sent to law enforcement agencies. It is reported by the Government of Ukraine portal.

It is noted that 157 preliminary materials relate to the investigation of the facts of laundering of funds received from acts of corruption, theft, and misappropriation of public funds and property in the amount of US $ 225 Million.

The remaining 45 materials may relate to the financing of terrorism, separatism, and/or carried out with the participation of persons who publicly call for a violent change or overthrow of the constitutional order or change the borders of the territory or state border.

Note that the Council of Europe Committee of Experts on the Assessment of Measures to Combat Money Laundering and the Financing of Terrorism improved the rating of Ukraine on anti-money laundering …

The published Basel AML Index will disappoint those who expected significant results in the fight against money laundering: the average indicator of the index remains at around 5.2 out of 10 (where 10 is the maximum risk) and only six countries out of 141 were able to improve their indicator by more than one point. It turns out that, despite the widespread tightening of regulations, which brought a lot of inconvenience to business, we still do not observe victories in the war against money laundering.