On April 18, 2024, a National Interagency Forum “Strategy for the development of the financial monitoring system in Ukraine 2024-2026” was held, organized by the State Financial Monitoring Service of Ukraine and the Academy of Financial Monitoring with the support of the Special Representative of the OSCE Chairman-in-Office - Project Coordinator in Ukraine. The forum was held in a virtual format with the participation of representatives of the public and private sectors, including the non-profit sector.

A wide range of issues were discussed during the event devoted to the specifics of the strategy for developing the AML/CFT system as well as actual development trends in this area.

Opening remarks at the Forum were made by the Special Representative of the OSCE Chairman-in-Office - Project Coordinator in Ukraine, the First Deputy Minister of Finance of Ukraine and the First Deputy Head of the State Financial Monitoring Service of Ukraine.

According to the agenda, the Forum participants heard presentations from representatives of the Ministry of Finance, the State Financial Monitoring Service, the Prosecutor General’s Office, the National Bank of Ukraine, the National Securities and Stock Market Commission, the National Anti-Corruption Bureau of Ukraine, the Academy of Financial Monitoring, etc.

The following issues were considered and discussed:

the main trends in the formation of state policy in the field of financial monitoring;

conceptual foundations of the financial monitoring system development strategy and the National Action Plan until 2026, approved by the Order of the Government of Ukraine No. 1207 of December 27, 2023;

development of the state financial monitoring system in the banking sector, the financial services market and crypto-assets market;

reforming the professional training system of the financial intelligence system;

formation of complex administrative reporting as a base of quantitative information for the National Risk Assessment.

The ways to improve the system of investigating money laundering and terrorist financing crimes and the specifics of financial investigations as a tool to fight corruption were separately considered.

In the conditions of martial law, the financial monitoring system functions and adapts its activity priorities and resources to perform tasks, including for countering the aggressor country and ensuring the imposition of sanctions on it.

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