Ukraine will remain in the “black list” of countries, which insufficiently struggle against money laundering till it implements the new legislation for prevention of the legalization of “dirty” money. Such a resolution, as the official Internet-site of the FATF reports, has been adopted by the organization members at their session on February 14.
According to the report, the FATF has abolished the sanctions against Ukraine, since the country endorsed amendments in the national legislation against money laundering, on which the organization insisted.
Commenting on the resolution of the organization, FATF President Jochen Sanio underscored that it is a large success of Ukraine and the FATF in the sphere of the struggle against money laundering.
He added that the FATF will attentively watch of the implementation of the new legislation by Ukraine, and the terms of the country’s exclusion from the black list will depend on how quickly the new-adopted laws are implemented.
As UNIAN reported earlier, a Ukrainian delegation headed by first Vice-Premier, Ukraine's Minister of Finance Mykola Azarov, arrived in Paris yesterday in order to report FATF representatives about the legal and organizational provision of the struggle against money laundering in Ukraine, and the essential progress achieved in this sphere lately. The Ukrainian delegation includes Ukrainian Finance Ministry state secretary - chairman of the financial monitoring department Serhiy Hurzhiy, Foreign Ministry state secretary Oleksander Chaly, director of NBU foreign economics department Andriy Kravets, director of NBU chairman economic councilors Oleksiy Berezhny.
The Plenary session of the Financial Action Task Force on Money Laundering (FATF) opened in Paris on February 11, and will last for 4 days. The work of the current session will be focused on 3 sets of questions. Among the main of them is the situation in the financial control in Ukraine, which was put on the second level of the FATF "black list" of countries, the legislation of which does not correspond to all the demands on the struggle against money laundering, in December of the last year.
UNIAN reference. On December 20, 2002 the Financial Action Task Force on Money Laundering (FATF) made a decision to launch sanctions against Ukraine. As the FATF goes, this decision is the result of the Ukraine's failing to adopt the law on struggle against laundering of illegally acquired money, which would correspond to the international standards.
The report also mentions that Ukraine adopted the laundering law, though this document does not correspond to the recommendations of FATF, expressed in June of 2001. At the same time, FATF members marked the statement of Prime-Minister of Ukraine Victor Yanukovych that the question of the elaboration of the laundering law will be thoroughly discussed in the parliament.
