Pursuant to Article 45 of the Law of Ukraine “On Civil Service” and Typical Procedure for Public Reporting of the Head of the Executive Body, approved by Order of the National Agency of Ukraine on Civil Service of 20.12.2016 No. 277 and registered with the Ministry of Justice of Ukraine on 11 January 2017 under No. 28/29896, taking into account the imposition of the martial law in Ukraine and the consequences of its introduction, the materials of the Public report of the Head of the State Financial Monitoring Service of Ukraine Igor Cherkaskyi for 2022 are presented.

These materials highlight the activities of the SFMS in the implementation in 2022 of the state policy in the area of prevention and counteraction to legalization (laundering) of the proceeds from crime, terrorist financing and financing the proliferation of weapons of mass destruction, under martial law.

Since 24 February 2022, the Russian Federation (RF) has been waging a full-scale armed aggression (bloody war) against Ukraine, threatening the statehood of Ukraine and its territorial integrity.

Taking into account martial law, the SFMS promptly corrected and adapted its activity priorities in the shortest possible time and, using all the necessary resources, immediately joined the protection of the national financial system from the actions of the Russian occupiers and their supporters. This work was carried out both at the international and domestic levels.

Thus, due to the active participation of the SFMS, the RF membership in the FATF and the Egmont Group was significantly limited, the RF was excluded from the MONEYVAL, and the observer status in the APG was terminated. We also appealed to 215 financial regulators of other countries regarding the implementation of preventive measures regarding business from the RF.

As part of national interagency activities, the SFMS last year prepared and submitted to law enforcement agencies more than 800 referrals on suspicious transactions for more than UAH 55 billion. Financial transactions in the amount of more than UAH 8 billion on 1 776 accounts of collaborators and other persons were blocked, almost 300 cases of suspicion of treason were investigated.

In addition, in 2022, the State Financial Monitoring Service accomplished a regular (third) National Risk Assessment, conducted a regular typological study, and ensured further training of AML/CFT specialists on the basis of the Academy of Financial Monitoring.

As part of public relations, the SFMS’s official website and social media pages provided weekly updates to civil society on the results of the SFMS’s activities during martial law, as well as quarterly reports on the results of its work.

Separately, at a meeting of the Public Council of the SFMS (29 March 2023), members of civil society were informed in detail about the implementation of the state policy in 2022 by the SFMS in the field of prevention and counteraction the legalization (laundering) of proceeds of crime, terrorist financing and financing the proliferation of weapons of mass destruction under martial law.

The SFMS, together with national and international partners, with the support of the private sector, continues to take enhanced and comprehensive measures with the aim of further economic isolating the RF in the international arena and to take proactive steps in this direction to the complete Victory of Ukraine over the enemy.

The materials of the Public report are available on the official website of the SFMS in the section Activity / Functions / Activity reports / 2022.

Glory to Ukraine!

Glory to the Armed Forces of Ukraine!

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