Information on the activities of the State Financial Monitoring Service of Ukraine

The State Financial Monitoring  Service of Ukraine continues to work on search and block of assets of the former officials and related persons.
In the investigation of financial transactions of non-resident companies, sncluding those that registered in offshore jurisdictions (unrelated business interests as well as officials constituent structure) that have current deposit accounts and securities accounts opened in several Ukrainian banks, the State Financial Monitoring Service of Ukraine found the connections between those offshore companies and Viktor Yanukovych, his family and related persons.
FIU of Ukraine sent additional requests to all banking institutions in Ukraine, as a result there were additionally revealed 11 accounts of non-resident companies.
According to Article 17 of the Law of Ukraine "On prevention and counteraction to legalization (laundering) of proceeds from crime and financing of terrorism" on 18.06.2014 the SFMS of Ukraine blocked funds in newly found accounts concerning the above mentioned companies. Total amount of blocked funds was 27.71 million USD (equivalent to 327.01 million UAH).
In addition, as a result of active collaboration of the SFMS of Ukraine and Financial Intelligence Unit of one of the European countries, the accounts of 23 non-resident companies (opened abroad) blocked 49,51 million USD (equivalent to 584.22 million UAH). Upon request of the State Financial Monitoring Service of Ukraine on all operations on the above mentioned accounts were blocked by foreign partners.
The amount of additional funds blocked in last two weeks by FIU of Ukraine is 77.22 million USD (equivalent to 911.23 million UAH).
Reference: in June 2014 the SFMS of Ukraine submitted case materials on financial transactions carried out with the participation of 42 non-resident companies controlled by Yanukovych, his family and related entities to the General Prosecutor of Ukraine. Listed companies during 2010-2013 through accounts which were  opened with one of the neighboring countries, transferred funds totaling 1.36 billion USD and placed them on the accounts of Ukrainian banks.
Thus, FIU of Ukraine mentioned that the total amount of blocked funds of non-resident companies is 1.42 billion USD (equivalent to 16.70 million UAH).
The State Financial Monitoring Service of Ukraine continues to identify and block assets derived from acts of corruption, former President of Ukraine, his family and related entities and continues to use all legal mechanisms for combating laundering of proceeds from crime.