The SFMS hosted an international workshop on “Financial investigations involving the offshore component, trusts, virtual assets and politically exposed persons”
On November 18, 2021, the State Financial Monitoring Service of Ukraine hosted an international workshop on “Financial investigations involving the offshore component, trusts, virtual assets and politically exposed persons”, organized with the support of the EU Anti-Corruption Initiative in Ukraine (EUACI).
The workshop was attended by an international expert, the representatives of the SFMS, the National Anti-Corruption Bureau of Ukraine, the State Bureau of Investigations, the National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes, the High Anti-Corruption Court, the Specialized Anti-Corruption Prosecutor's Office and the National Agency on Corruption Prevention.
During the workshop, the best international practices and trends in financial investigations with the involvement of PEPs and trusts have been discussed; the specifics of using complex corporate structures to conceal the UBO in money laundering schemes have been determined; special attention has been paid to the issues of virtual assets use to hide the proceeds of crime. The participants have been presented with the general practice of conducting financial investigations by the NABU exploiting analytical products (IT systems).
In the future, the SFMS plans to continue cooperation with the EU Anti-Corruption Initiative in Ukraine (EUACI) in the framework of similar events at the central and regional levels.