Ukraine is preparing for the 5th round of mutual evaluation of national system of counteraction to legalization (laundering) income proceeded from crime
Date: 06.02.2017. Section: News LIOU, ActualFebruary 3, 2017 the State Service for Financial Monitoring of Ukraine, as part of the preparations for the 5th round of mutual evaluation of national system of counteraction to legalization (laundering) income proceeded from crime, terrorist financing and the financing of proliferation of weapons of mass destruction, the Committee of Experts of the Council of Europe on the evaluation of Anti-money laundering and the financing of terrorism (MONEYVAL)was held a training for entities, governmental regulation and supervision which provides National Commission for State Regulation of Financial Services Markets.
League of Insurance Organizations of Ukraine presented the Director of insurance law and methodology department of LIOU Romana Navalkivska.
In the workshop participated representatives of National Commission for State Regulation of Financial Services Markets, entities and professional associations.
The subject of discussion was the issue to be discussed during meetings with international experts in the 5th round of assessment of Ukraine, in particular, to implement direct result 4 “Financial institutions and non-financial institutions and professions duly take precautions in CLI / FT, respectively their risks, and report suspicious transactions” Methodology for Recommendations FATF.
The evaluation mission will be in Ukraine from 27 March to 8 April 2017 and will held in the format of consultations with representatives of governments, the private sector and public unions to examine the effectiveness of the practical implementation of the Recommendations of FATF.