The AML/CFT Council meeting took place

On June 4, 2021, the eleventh meeting of the AML/CFT Council in the format of videoconference took place in the State Financial Monitoring Service of Ukraine.

The meeting of the AML/CFT Council was attended by representatives of the main relevant state, law enforcement and judicial authorities involved in the AML/CFT system.

The meeting discussed the status of the implementation of the Action Plan to improve the national system of financial monitoring based on the results of the 5th round of Ukraine evaluation by MONEYVAL, in particular, the need to amend the Criminal and Criminal Procedure Codes of Ukraine.

The state of preparation of the legal act on the evidentiary standards of reasonable suspicion for inclusion in/exclusion from the relevant sanction lists, including the list of persons related to terrorist activity or persons to whom international sanctions were applied was also considered.

In addition, the AML/CFT Council members (state financial monitoring entities) informed the audience about the state of the AML/CFT regulations alignment with the AML/CFT Law.

At the same time, the meeting considered and approved the renewed personnel of the AML/CFT Council and changes to the composition of the Working Group on Preventing and Counteracting to Financing of Proliferation of Weapons of Mass Destruction.

Based on the results of the meeting, a protocol was drawn up, which will be shared with all interested state authorities for consideration, as well as will be posted on the SFMS official website in section «Coordination»/«AML/CFT Council»/ «Materials of the meetings».

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