Cooperation with international organizations
One of the important constituent of the SFMS of Ukraine activity
is establishment of constructive cooperation with international institutions
and foreign counterparts responsible for organization of effective
counteraction to money laundering and terrorist financing.
During reporting period the SFMS of
Ukraine actively cooperated with leading international organizations and institutions in AML/CTF area, such
as Financial Action Task Force (FATF), MONEYVAL, EAG, Council of Europe and
European Commission, UNODC, Egmont Group, World Bank, International Monetary
During 2011 the SFMS
of Ukraine hosted 3 high level expert missions:
FATF expert mission;
The UN Security Council experts mission;
European Union mission in framework of visa
liberalization for Ukraine.
During 2011 the SFMS
of Ukraine organized
and held 8 international meetings with assistance
of IMF, World Bank, UNO, OECD, U.S. Department of Justice and the Basel
Institute on Governance, also organized study visits for the representatives of
FIU of Tanzania and FIU of Kazakhstan to the SFMS of Ukraine.
The SFMS of Ukraine as specially
authorized agency of executive power on financial monitoring concludes
interagency international agreements (Memoranda of Understanding) with foreign
FIUs. As of 01.01.2012 the SFMS of Ukraine concluded 55 Memoranda of
In 2011 the
representatives the SFMS of Ukraine
actively participated in FATF meetings.
Ukrainian delegation participated in Plenary meetings, ICRG meetings and EERG meetings, where representatives of the SFMS of Ukraine presented new information concerning the AML/CFT progress of Ukraine.
the SFMS of Ukraine made arrangements on implementation of Action Plan agreed
with FATF in order to remove strategic deficiencies of the AML/CFT system. Thus, the SFMS of Ukraine sent to Financial Action Task
Force Group on Money Laundering (FATF) AML/CFT Progress Reports of Ukraine and
informed regarding adoption of new Laws, as well as normative-legal acts aimed
at its execution.
FATF Plenary meeting on 20-24 June 2011 FATF members admitted Ukraine’s
progress on improving of the AML/CFT system by adopting legislation acts that
finally solve an issue on criminalization of money laundering and terrorist
financing, and also the freeze of terrorists assets according to the U.N.
Security Council Resolution 1373.
the FATF Plenary meeting was decided to forward FATF expert mission to Ukraine
for confirmation of the implementation of all required reforms in order to
remove all defined deficiencies.
September 2011 Ukraine hosted FATF expert mission in order to estimate the
results of implementation of the Action Plan.
result of mission experts approved a report which stated the following:
"Ukraine has implemented the Action Plan, a team of experts can confirm
that the process of implementing the necessary reforms and actions began and continues."
of the FATF International Co-operation Review Group (ICRG) had discussed the
results of FATF visit to Ukraine that held in September 2011, and
implementation of all articles of the Action Plan by Ukraine and also
determined it necessary to continue the implementation of reforms in the area
of ICRG and FATF Plenary meeting 24-28 October 2011, unanimously confirmed that
Ukraine has fulfilled its obligations, and decided to stop monitoring Ukraine
and to exclude it from the list of countries that have strategic deficiencies
in combating money laundering and terrorist financing system.
The SFMS of Ukraine representatives
continuously participate in Working Groups meetings, Egmont Committee meetings,
Egmont Plenary meetings and Egmont Group study visits.
Moreover, the representative of the
SFMS of Ukraine represents Ukraine and European countries in the Egmont Group
Committee (the governing body of this organization). Also, the SFMS of Ukraine
representative takes part in the activities of the Project Group concerning the
revision of the Statute of the Egmont Group of Financial Intelligence Units.
Cooperation with the
Council of Europe/European Commission
On a regular
the SFMS of Ukraine continues close cooperation with the MONEYVAL Committee. In
2011 delegation of the SFMS of Ukraine took part in 3 MONEYVAL Plenary
Meetings. During the Plenary meetings Ukraine presented new legislation,
adopted on implementation of the agreed with FATF Action Plan and new
information concerning the progress on the ratings of "not compliant"
and "partly compliant" set out in the third round of MONEYVAL mutual
cooperation of the SFMS of Ukraine and MONEYVAL was presented by project on
typologies research “Trade based on money laundering in economies with big
turnover of cash” on the 10-th MONEYVAL expert meeting on typologies on
anti-money laundering measures and the financing of terrorism.
of Ukrainian representatives in MONEYVAL international events is important
in view of knowledge extending and sharing of experience in this direction as
well as for representation of Ukraine as the state carrying out active steps to
bring its legislation closer to international standards in AML/CFT area.
with Eurasian group
According to the Decree of the President of Ukraine on
September, 30, 2004 ¹ 1156/2004 the SCFM was determined as an agency
responsible for cooperation with Eurasian Group (EAG). The SFMS of Ukraine
representatives continuously participate in sessions of all Working Groups and
confirmation of active participation of the SFMS of Ukraine in Eurasian group
is involvement of Ukraine in EAG joint research, including the typological
study "Vulnerabilities of transactions with intangible assets
(intellectual property), allowing their use for money laundering and terrorist
financing", joint training activities and participation of representatives
of the SFMS of Ukraine in the Mutual Evaluation of EAG
member countries (Turkmenistan) and in the work of EAG (representative of the
SFMS of Ukraine appointed co-chaired of the Working Group on typologies).
with the International Monetary Fund is continuing as part of technical
assistance "Combating Money Laundering - Ukraine - Module 5: Structure and
Instruments" for the state agencies that regulate and supervise the
activities of entities that are non-bank institutions.
In 2011 the SFMS of Ukraine actively participated in the events
organized with assistance of International Monetary Fund, particularly there
were organized two seminars for non-banking institutions and relevant state
regulators and law enforcement authorities.
As a result of visiting IMF mission
there was prepared Report for technical assistance in combating money
laundering and terrorist financing.
Also together with the IMF there was
held a round table with representatives of specially designated state financial
monitoring entities, and were organized other meetings which helped to start
the work on raising awareness regarding the introduction of new legislation on
counteraction to legalization (laundering) of proceeds from crime and terrorism
cooperation with the Organization for Security and Cooperation in Europe (OSCE) was enhanced.
In particular, joint regional seminar on seizing and
recovering the illegal proceeds of drugs and crime, and regional
roundtable on strengthening cooperation between FIUs, financial control
services and law enforcement agencies in combating money laundering of illegal
profits through the use of new payment methods were organized.
In addition, representatives of the SFMS of Ukraine take part
as experts in OSCE activities.
assistance of the SFMS of Ukraine the OECD organized joint seminar
“Investigation and prosecution of corruption, financial investigations and
links with money laundering” in order to assist exchange practical experience
and leading practice between the representatives of law enforcements,
prosecutor authorities and FIU’s of East Europe, which are in charge of
investigation and prosecution of corruption and money laundering.
for foreign FIUs
During 2011 the SFMS of Ukraine representatives provided
technical assistance to foreign counterparts to develop and improve national
AML/CTF systems in the framework of Egmont Group and EAG.
Moreover, the SFMS of Ukraine organized study visits for
representatives of Tansania and Kazakhstan FIUs.
The SFMS of Ukraine was sponsoring and assisting Kazakhstan and
Azerbaijan FIUs regarding their joining to Egmont group. As the result of this
cooperation, Kazakhstan and Azerbaijan FIUs had joined the Egmont Group in
the SCFM of Ukraine continuously
with foreign FIUs
The SCFM of Ukraine receives from foreign
counterparts financial information, which may be related to illegal activity.
This affords to investigate complex transnational schemes more efficiently and
in larger scale.
In 2011 the SFMS of Ukraine closely cooperated with 111 FIUs of
other countries in the AML/CFT area.
the SFMS of Ukraine sent 467 requests to 58 foreign FIUs and received 430
responses on mentioned requests from 52 foreign FIUs.
active information exchange was held with FIUs of Latvia – 84 requests, Cyprus
– 41 requests, Great Britain – 40 requests, Russian Federation – 30 requests,
Lithuania – 30 requests, USA – 27 request, British Virgin Islands – 27
same time the SFMS of Ukraine received 187 requests from 48 FIUs. The SFMS of
Ukraine responded on 189 requests to 48 foreign FIUs.
thought the Egmont Secure Web (ESW) the SFMS of Ukraine had send 462 requests
and received 176 requests from foreign FIUs.