On March 1, 2018 the State Financial Monitoring Service of Ukraine and the Notary Chamber of Ukraine signed the Memorandum on the general principles of cooperation in the area of counteraction to the legalization (laundering) of the proceeds from crime, terrorism financing and financing of proliferation of weapons of mass destruction.
In the light of this event, the Head of the SFMS Mr. Igor Cherkaskyi said:
«In the context of the introduction of effective measures to counter new challenges and threats in combating money laundering, a constructive cooperation with the non-financial sector is of fundamental importance for us. In this regard, we consider cooperation with the notary community as one of the priority.
First of all, the signing of the Memorandum is due to the need to combine professional potential with the solution of conceptual issues on financial monitoring and combating financial crime in general. Therefore, it is very important that the work of the SFMS will be conducted jointly with the Notary Chamber of Ukraine ".
In order to implement the provisions of the Memorandum, the SFMS and the Notary Chamber of Ukraine agreed on:
organization of joint work on the creation of an effective system and the development of a mechanism to counteract the legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction, including trainings, methodological and explanatory measures;
coordination of joint efforts aimed at improving the legislative and regulatory framework on financial monitoring issues related to notarial activities.
The conclusion of the Memorandum was another step towards ensuring openness and transparency in the activities of state authorities in the area of prevention and counteraction to the legalization (laundering) of the proceeds from crime or terrorist financing.
Press service of the SFMS