On May 1, 2022, the Order of the Ministry of Finance of Ukraine of June 4, 2021, No 322 “On approval of the Procedure for exchanging information on financial monitoring” will come into force. The Order approves the Procedure for creating a personal cabinet of the reporting entity and access to the e-cabinet of the financial monitoring system and the Procedure for information interaction of reporting entities and the State Financial Monitoring Service of Ukraine, including the new formats and categories of information exchange.  

In order to efficiently ensure the formation of the reporting entities reports on financial transactions subject to financial monitoring, other information that may be related to financial monitoring from February 15, 2022, the SFMS starts testing the information exchange with the reporting entities by means of the Information and Telecommunication System “Electronic Cabinet of the Financial Monitoring System”, which is implemented with the support of the Anti-Corruption Initiative of the European Union in Ukraine project (EUACI).

Recommendations on testing the Information and Telecommunication System “Electronic Cabinet of the Financial Monitoring System” and information exchange between the reporting entities and the SFMS are posted on the official website of the SFMS and can be found by the link (Ukrainian only).

The step-by-step video instructions, which have been prepared with the assistance of the EUACI project, can be found on the official webpage of the SFMS in the social network YouTube and by the following links to that page (all in Ukrainian only):

1.  “Video instruction for registration in the e-cabinet and utilizing sections of the reporting entity cabinet"

2.  “Video instruction for filling in the “U-FM Report on the reporting entity”

3. “Video instruction for filling in the “A-FM financial transactions Report”

4. “Video instruction for filling in the “N-FM suspicious activity Report (case)”

5. “Video instruction for filling in the “G-FM Report on the discrepancies between the information regarding Ultimate Beneficial Owners”

6. “Video instruction for filling in the “J-FM Report on the refusal to establish/maintain a business relationship”

7. “Video instruction for filling in the “S-FM Report on freezing (unfreezing) assets”

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