The SFMS with the support of the EU Anti-Corruption Initiative (EUACI) issued the Compilation of Typological Studies conducted in 2017.
The studies highlight the results of the work of the financial intelligence unit of Ukraine and other participants of the national financial monitoring system on detection current schemes and methods used by criminals to legalize (launder) the proceeds from crime and to finance terrorism.
The Compilation deals with the most common trends and schemes of money laundering and terrorist financing in 2017. In particular, examples of real cases related to money laundering and terrorist financing associated with the risks of using cash and the risks of terrorism and separatism.
The SFMS’ Head Igor Cherkaskyi, when commenting the publication of typological studies, drew attention to the fact that the past year was marked by the MONEYVAL’s 5th round of mutual evaluation of Ukraine and approval of the Report following the results of this evaluation.
During the evaluation of the national financial monitoring system, the MONEYVAL’s experts have focused on the risks of widespread use of cash and terrorist financing. Therefore, the SFMS, in place of one annual typological study, provides two, which outline the main methods and schemes by which criminals and criminal groups transfer non cash into cash and finance terrorism (separatism).
The SFMS’ Head Igor Cherkaskyi also expressed his gratitude to the EUACI for it’s support in publishing and translating these typologies into English.
Typological studies prepared by the SFMS, with the participation of other state authorities and the private sector, will be useful for employees of the reporting entities, law enforcement, intelligence and judicial authorities, as well as for scientists and practitioners in the field of financial monitoring.
Typological studies are available on the SFMS’s official website in the Section "Typologies / Recommendations for the Detection of Money Laundering Schemes".
Press service of the SFMS