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Access to International Law Enforcement

Committing to implement bilateral agreements that provide full and effective access for law enforcement agencies and financial intelligence units of a partner country to information on the final beneficiaries of the companies registered in the territory of another partner country

Country: Ukraine

Status: inactive

Themes: Beneficial ownership

Last updated: December 2020

Classification:

Concrete: Concrete | New: New | Ambitious: Ambitious

  • 5 Evidence:

    The State Financial Monitoring Service of Ukraine - International Cooperation:

    The Egmont Group Membership

    Ukraine FATF country Profile

    FATF: Anti-money laundering and counter-terrorist financing measures

    Global Forum on Asset Recovery (GFAR) - Guide to Beneficial Ownership Information in Ukraine: Legal Entities and Legal Arrangements

  • 3 Notes:

    State Department of Financial Monitoring (SDFM) in Ukraine has Memoranda of Understanding with 79 countries in the sphere of combating the legalization (laundering) of the proceeds of crime and terrorist financing. These Memoranda envisage cooperation and exchange of information with partner country, but mostly in form of requests. Since 2004, the SDFM has been an active member of the Egmont Group, which brings together the financial intelligence units (FIUs) of 159 countries and exchanges information between its member countries in the investigation of money laundering, terrorist financing and proliferation of weapons of mass destruction. Also, Ukraine participates in other AML/CFT groups and initiatives. But there is no evidence about such bilateral agreements that may provide effective access for law enforcement agencies and financial intelligence units of a partner country to information on the final beneficiaries.

    Updated: October 31, 2020

    According to the latest FATF report (July 2019) Ukraine has only made limited progress in addressing the deficiencies identified in its 2017 Mutual Evaluation Report.

    Updated: April 30, 2020

Ukraine's Commitments
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