Representatives from the State Financial Monitoring Service of Ukraine took part in the Ukraine Forum on Asset Recovery

On 29-30 April, 2014, in London, UK, the delegation of the SFMS of Ukraine headed by the Chairman, Mr. Igor CHERKASKYI, took part in the Forum dedicated to recovery of the illicitly obtained Ukrainian assets and funds (Ukraine Forum on Asset Recovery, UFAR).
During the Forum session discussions experts from the SFMS of Ukraine actively participated in consideration of the following topics:
- establishing the main types of predicate criminal activity (misappropriation, bribery, fraud etc.);
- identification of sectors most involved in criminal activity (public procurement, natural resources etc.);
- methods and channels used for laundering of proceeds from corruption and associated offences;
- problems associated with establishing of beneficiary ownership of assets, identifying methods of beneficiary ownership and seeking of international cooperation etc.
Within the UFAR representatives of the SFMS of Ukraine conducted series of bilateral working meetings with leaders of the US Office of the Attorney General and FinCEN, the UK Attorney General"s Office, National Crime Agency and Home Office. In addition, negotiations were held with heads of foreign FIUs including offshore jurisdictions. There have been reached arrangements on information exchange with foreign colleagues via Egmont Secure Web (ESW).

Press Service
the SFMS of Ukraine