On May 12, 2017 on the premises of the State Financial Monitoring Service of Ukraine the conference on «Use of cryptocurrency in money laundering and financing of terrorism: prevention issues in Ukraine» was held.
The general overview of cryptocurrency, its use to carry out illegal transactions, tools to prevent the use of Bitcoin for conducting illegal transactions and peculiarities of investigation of crimes with the use of virtual currency were discussed at the conference.
The representatives of Bitcoin Foundation of Ukraine, National Academy of Internal Affairs, state authorities, law enforcement agencies and the judicial system, including Security Service of Ukraine, the Prosecutor General’s Office of Ukraine, the Supreme Court of Ukraine, the National Police of Ukraine, the State Border Guard Service of Ukraine, the Foreign Intelligence Service of Ukraine, the State Fiscal Service of Ukraine participated in the mentioned conference.
Considering the relevance of the issues addressed during the conference, Head of the State Financial Monitoring Service of Ukraine Igor Cherkaskyi emphasized the necessity to take measures at the national level to identify and mitigate risks of money laundering and terrorist financing during the use of cryptocurrency.
The main goal of the conference was to discuss issues emerging among the participants of the AML/CFT system during the application of risk-based approach and ensure the integrity of the national financial system due to the rapid spread of payment products and services based on virtual currency.
Press Service of the SFMS