MONEYVAL publishes follow-up report on Ukraine


September 6 2019

In light of Ukraine’s limited progress in strengthening its framework to tackle money laundering and terrorist financing since the adoption of its mutual evaluation report in December 2017, MONEYVAL has re-rated the jurisdiction on one recently-amended Recommendation (originally rated “compliant”) to “largely compliant”. MONEYVAL encouraged Ukraine to accelerate its efforts in addressing the remaining deficiencies in view of currently pending legislative reforms.

Ukraine was placed in an enhanced follow-up process, following the adoption of its mutual evaluation report, which assessed the effectiveness of Ukraine’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and their compliance with the 40 Recommendations by the Financial Action Task Force (FATF). In line with MONEYVAL’s rules of procedure, Ukraine reported back to MONEYVAL on the steps taken to strengthen its AML/CFT framework.