The document is a mutual evaluation report by MONEYVAL on Ukraine's anti-money laundering and counter-terrorist financing measures. It finds that Ukraine has a reasonably good understanding of its money laundering and terrorist financing risks, though understanding of some risks could be improved. Corruption poses a significant overarching money laundering risk. Ukraine has national coordination mechanisms to address identified risks, but needs further efforts to mitigate risks from fictitious entrepreneurship, the shadow economy, and cash use. The Financial Intelligence Unit generates high quality financial intelligence that supports money laundering and terrorist financing investigations.
This document is a mutual evaluation report by MONEYVAL that assesses Albania's anti-money laundering and counter-terrorist financing measures. It finds that Albania has achieved moderate to substantial effectiveness in 11 of its core objectives, with lower effectiveness for terrorist financing investigations and proliferation financing prevention. Technically, Albania was found to be compliant or largely compliant for most recommendations, but partially compliant for others related to transparency of legal persons and arrangements, regulation/supervision, and sanctions.
This document is a mutual evaluation report from September 2018 that assesses the anti-money laundering and counter-terrorist financing measures in place in the Cook Islands. It provides ratings on the Cook Islands' level of effectiveness and technical compliance in 11 areas related to combating money laundering and terrorist financing. The ratings indicate the Cook Islands has achieved substantial or moderate effectiveness in most areas but is low or moderate in investigating money laundering offenses, confiscating proceeds of crime, and applying sanctions.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Peru. It provides ratings on Peru's level of effectiveness and technical compliance in various areas. On effectiveness, Peru was rated as moderate or substantial in most areas, except for legal persons/arrangements and ML prosecution which were rated low. On technical compliance, Peru was rated as compliant or largely compliant in most areas, except for non-profit organizations, reliance on third parties, and transparency of legal persons/arrangements which were rated partially compliant.
The document is a mutual evaluation report from September 2018 that assesses Seychelles' anti-money laundering and counter-terrorist financing measures. It finds that Seychelles has a low level of effectiveness in 11 of its core objectives. On a technical level, it finds Seychelles to be partially compliant or non-compliant in over half of the 40 Financial Action Task Force recommendations. Overall, the report gives Seychelles poor ratings for both the effectiveness and technical implementation of its anti-money laundering and counter-terrorism financing systems.
The document is a mutual evaluation report by MONEYVAL that assesses Moldova's anti-money laundering and counter-terrorist financing measures. It finds that Moldova achieved substantial or moderate effectiveness for most outcomes, except low effectiveness for preventing proliferation financing. Technically, it was largely or partially compliant for most recommendations, except fully compliant for 4-5 recommendations. The report provides ratings on Moldova's effectiveness and technical compliance with Financial Action Task Force standards.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Cabo Verde. It finds that Cabo Verde has achieved low effectiveness in 11 immediate outcomes related to combating money laundering and terrorist financing. It also rates Cabo Verde as partially compliant or largely compliant on most technical compliance requirements, with low ratings across investigative and prosecutorial frameworks and preventive measures. The report provides ratings and key findings on Cabo Verde's anti-money laundering and counter-terrorist financing regime.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Tajikistan. It provides ratings on Tajikistan's level of effectiveness and technical compliance with FATF recommendations. Overall, Tajikistan was found to have a substantial system for combating money laundering and terrorist financing risks, though more progress is needed, particularly in prosecuting money laundering, applying targeted financial sanctions, and regulating designated non-financial businesses and professions. The report includes detailed ratings across 11 immediate outcomes and 40 technical compliance components.
This document is a mutual evaluation report on Indonesia's anti-money laundering and counter-terrorist financing measures from September 2018. It provides ratings on Indonesia's level of effectiveness and technical compliance in 12 areas. On effectiveness, Indonesia was rated as substantial in 6 areas, moderate in 5 areas, and low in 1 area. On technical compliance, Indonesia was rated as largely compliant in 27 areas, partially compliant in 3 areas, and non-compliant in 1 area.
This document is a mutual evaluation report by MONEYVAL that assesses Albania's anti-money laundering and counter-terrorist financing measures. It finds that Albania has achieved moderate to substantial effectiveness in 11 of its core objectives, with lower effectiveness for terrorist financing investigations and proliferation financing prevention. Technically, Albania was found to be compliant or largely compliant for most recommendations, but partially compliant for others related to transparency of legal persons and arrangements, regulation/supervision, and sanctions.
This document is a mutual evaluation report from September 2018 that assesses the anti-money laundering and counter-terrorist financing measures in place in the Cook Islands. It provides ratings on the Cook Islands' level of effectiveness and technical compliance in 11 areas related to combating money laundering and terrorist financing. The ratings indicate the Cook Islands has achieved substantial or moderate effectiveness in most areas but is low or moderate in investigating money laundering offenses, confiscating proceeds of crime, and applying sanctions.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Peru. It provides ratings on Peru's level of effectiveness and technical compliance in various areas. On effectiveness, Peru was rated as moderate or substantial in most areas, except for legal persons/arrangements and ML prosecution which were rated low. On technical compliance, Peru was rated as compliant or largely compliant in most areas, except for non-profit organizations, reliance on third parties, and transparency of legal persons/arrangements which were rated partially compliant.
The document is a mutual evaluation report from September 2018 that assesses Seychelles' anti-money laundering and counter-terrorist financing measures. It finds that Seychelles has a low level of effectiveness in 11 of its core objectives. On a technical level, it finds Seychelles to be partially compliant or non-compliant in over half of the 40 Financial Action Task Force recommendations. Overall, the report gives Seychelles poor ratings for both the effectiveness and technical implementation of its anti-money laundering and counter-terrorism financing systems.
The document is a mutual evaluation report by MONEYVAL that assesses Moldova's anti-money laundering and counter-terrorist financing measures. It finds that Moldova achieved substantial or moderate effectiveness for most outcomes, except low effectiveness for preventing proliferation financing. Technically, it was largely or partially compliant for most recommendations, except fully compliant for 4-5 recommendations. The report provides ratings on Moldova's effectiveness and technical compliance with Financial Action Task Force standards.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Cabo Verde. It finds that Cabo Verde has achieved low effectiveness in 11 immediate outcomes related to combating money laundering and terrorist financing. It also rates Cabo Verde as partially compliant or largely compliant on most technical compliance requirements, with low ratings across investigative and prosecutorial frameworks and preventive measures. The report provides ratings and key findings on Cabo Verde's anti-money laundering and counter-terrorist financing regime.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Tajikistan. It provides ratings on Tajikistan's level of effectiveness and technical compliance with FATF recommendations. Overall, Tajikistan was found to have a substantial system for combating money laundering and terrorist financing risks, though more progress is needed, particularly in prosecuting money laundering, applying targeted financial sanctions, and regulating designated non-financial businesses and professions. The report includes detailed ratings across 11 immediate outcomes and 40 technical compliance components.
This document is a mutual evaluation report on Indonesia's anti-money laundering and counter-terrorist financing measures from September 2018. It provides ratings on Indonesia's level of effectiveness and technical compliance in 12 areas. On effectiveness, Indonesia was rated as substantial in 6 areas, moderate in 5 areas, and low in 1 area. On technical compliance, Indonesia was rated as largely compliant in 27 areas, partially compliant in 3 areas, and non-compliant in 1 area.
The document is a mutual evaluation report by MONEYVAL that assesses Lithuania's anti-money laundering and counter-terrorist financing measures. It finds Lithuania to be moderately effective in 11 of 12 areas but partially compliant or largely compliant in its technical compliance. Key results include moderate effectiveness in understanding risks, supervising financial institutions and investigating money laundering, with substantial international cooperation.
This document is a mutual evaluation report from the Financial Action Task Force (FATF) that assesses the anti-money laundering and counter-terrorist financing measures in place in the Cayman Islands. It provides ratings on the Cayman Islands' level of effectiveness and technical compliance with FATF recommendations. Overall, the Cayman Islands was found to have low effectiveness in 7 of its 11 core areas and was only partially compliant or lower on 18 of its 40 technical compliance recommendations.
This document contains a summary of ratings from a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Morocco. It finds that Morocco has a moderate level of effectiveness in 11 of 12 identified outcomes, but is low or non-compliant in preventing misuse of legal persons and arrangements. The technical compliance ratings identify areas where Morocco is partially compliant or non-compliant with FATF recommendations, including targeted financial sanctions, regulation of non-profits, and transparency of legal arrangements.
The document is a mutual evaluation report from February 2019 that assesses the anti-money laundering and counter-terrorist financing measures in the Czech Republic. It provides ratings on the country's effectiveness and technical compliance with various FATF recommendations. On effectiveness, most of the ratings are moderate, with a few substantial and high ratings. On technical compliance, most ratings are largely compliant, with some partially compliant ratings. The report contains detailed analysis and ratings across 40 technical compliance criteria.
The document is a mutual evaluation report from April 2021 that assesses New Zealand's anti-money laundering and counter-terrorist financing framework. It provides ratings for New Zealand's level of effectiveness and technical compliance, identifies key strengths and findings, and lists priority actions. Some of New Zealand's strengths identified include understanding money laundering/terrorist financing risks and coordinating domestic actions. Areas for improvement include increasing the availability of beneficial ownership information and ensuring adequate supervision of banks and implementation of targeted financial sanctions.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Senegal from May 2018. It finds that Senegal has achieved low effectiveness in 11 of its core objectives to combat money laundering and terrorist financing. On technical compliance, it rates Senegal as partially compliant or non-compliant on 25 of the 40 FATF recommendations. Overall, the report identifies several priority areas for Senegal to strengthen its anti-money laundering and counter-terrorist financing regime.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Pakistan from October 2019. It provides ratings on Pakistan's effectiveness and technical compliance in various areas. For effectiveness, Pakistan was rated as low for 11 immediate outcomes related to understanding risks, supervision, applying preventive measures, investigating offenses, and preventing terrorist financing. For technical compliance, Pakistan received largely compliant, partially compliant and non-compliant ratings for 40 recommendations across several domains including criminalization, preventive measures, and international cooperation.
The document is a mutual evaluation report from July 2019 that assesses Malta's anti-money laundering and counter-terrorist financing framework. It finds Malta's effectiveness in achieving certain AML/CFT objectives is moderate to low. On technical compliance, Malta received largely compliant and partially compliant ratings across preventive measures, legal persons/arrangements, regulation/supervision, and international cooperation. Areas of low or moderate effectiveness include supervising financial institutions/DNFBPs, investigating ML/TF offenses, and confiscating proceeds of crime.
The document is a mutual evaluation report on Greece's anti-money laundering and counter-terrorist financing measures. It finds that Greek authorities generally understand money laundering and terrorist financing risks. International cooperation delivers appropriate information to combat criminals. However, supervision of financial institutions and regulation of certain sectors needs improvement. Terrorist financing offenses are investigated substantially but some terrorist financing risks are only moderated.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Finland from April 2019. It provides ratings on Finland's effectiveness and technical compliance in various areas. It finds that Finland has an adequate understanding of money laundering risks but supervision needs to be more risk-based. International cooperation is effective but more can be done to establish beneficial ownership and improve use of financial intelligence and sanctions. Key priority actions identified are improving risk-based supervision, establishing a beneficial ownership registry, addressing gaps in risk understanding, and encouraging tougher sentencing for money laundering.
The document is a mutual evaluation report on South Africa's anti-money laundering and counter-terrorist financing system. It finds that while South Africa understands some domestic money laundering risks, it has a limited understanding of relative scales, vulnerabilities, and threats from foreign predicates. Understanding of terrorist financing risks is also underdeveloped. It identifies several priority actions for South Africa to strengthen its framework, including developing policies to address higher risk areas, improving international cooperation, and enhancing supervision of at-risk sectors.
The document is a mutual evaluation report by MONEYVAL on Latvia's anti-money laundering and counter-terrorist financing measures. It finds that while Latvia has produced national risk assessments of money laundering and terrorist financing, there is uneven understanding of cross-border financial risks. Competent authorities have access to financial intelligence but reporting of suspicious transactions needs improvement. The report provides ratings on Latvia's technical compliance and effectiveness in combating money laundering, terrorist financing, and proliferation financing. It identifies several areas where Latvia is partially compliant or needs to improve.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Thailand from December 2017. It provides key findings, ratings, and priority actions. Thailand demonstrates a substantial understanding of ML/TF risks and international cooperation, but its preventive measures, supervision of businesses, and ability to prevent misuse of legal persons are rated as low. The report outlines Thailand's progress in AML/CFT reforms and coordination but identifies gaps in assessing sector and TF risks and applying risk mitigation measures. It recommends Thailand improve pursuit of ML investigations and targeting of key risk areas like corruption.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Saudi Arabia published in September 2018. It provides ratings and key findings on Saudi Arabia's level of effectiveness and technical compliance. On effectiveness, Saudi Arabia demonstrated substantial understanding of risks but was rated low or moderate on most outcomes. Key findings include weaknesses in complex money laundering investigations and pursuing criminal proceeds. On technical compliance, Saudi Arabia was largely or fully compliant on most recommendations. Priority actions focus on improving money laundering investigations, pursuing international cooperation, and strengthening targeted financial sanctions implementation.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Macao, China. It provides ratings on Macao's effectiveness and technical compliance in these areas. On effectiveness, Macao received moderate or substantial ratings for most outcomes, except for low ratings on money laundering investigations/prosecutions and proceeds/instrumentalities of crime confiscation. On technical compliance, Macao was largely or fully compliant in most areas, except for being partially compliant on DNFBP preventive measures and non-compliant on cash couriers. Key findings note coordination mechanisms for AML/CFT but a mixed understanding of risks, as well as intelligence sharing and use, but gaps in
This document is a mutual evaluation report on Haiti's anti-money laundering and counter-terrorist financing measures. It finds that Haiti achieved low effectiveness in 11 immediate outcomes related to combating money laundering and terrorist financing. On technical compliance, Haiti was rated non-compliant or partially compliant on most recommendations, particularly regarding risk assessment, targeted financial sanctions, and transparency of legal persons and arrangements. Supervision and regulation of financial institutions and DNFBPs was also found to be non-compliant.
This document contains a mutual evaluation report of Zambia's anti-money laundering and counter-terrorist financing measures. It finds that Zambia has a moderate level of effectiveness in 11 of 12 immediate outcomes but is low for preventing legal persons and arrangements from being misused. Technically, Zambia is partially compliant or largely compliant for most recommendations, except for targeted financial sanctions related to proliferation where it is non-compliant. The report provides ratings for both effectiveness and technical compliance of Zambia's anti-money laundering systems.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Hong Kong, China from September 2019. It provides ratings on Hong Kong's effectiveness and technical compliance in 11 immediate outcomes and 40 recommendations. Overall, Hong Kong demonstrates a substantial level of effectiveness in 7 of the 11 outcomes, but a moderate level in 4 outcomes related to supervision and application of preventative measures. The report also finds that Hong Kong has a reasonably good but incomplete understanding of money laundering risks and recommends it deepen its understanding in some higher risk areas.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Madagascar from September 2018. It finds that Madagascar has a low level of effectiveness in 11 of 11 immediate outcomes assessed for its anti-money laundering/counter-terrorist financing system. On technical compliance, it is non-compliant or partially compliant on most recommendations, with only a few areas of largely compliant or compliant ratings.
This document is a mutual evaluation report by MONEYVAL that assesses Hungary's anti-money laundering and counter-terrorist financing measures. It provides ratings on Hungary's level of effectiveness and technical compliance in 11 immediate outcomes and 40 technical compliance recommendations. Most areas received moderate or partially compliant ratings, indicating Hungary has achieved its objectives to some degree but effectiveness needs to be improved and technical compliance needs to address deficiencies.
The document is a mutual evaluation report by MONEYVAL assessing the anti-money laundering and counter-terrorist financing measures in the Isle of Man. Some key findings are that the Isle of Man has a good understanding of its money laundering and terrorist financing risks and coordinates policies well. However, investigations and prosecutions of money laundering and terrorist financing cases are modest and do not reflect the risk profile. Financial intelligence is also not fully utilized and reporting entities submit low quality suspicious activity reports.
The document is a mutual evaluation report by MONEYVAL that assesses Lithuania's anti-money laundering and counter-terrorist financing measures. It finds Lithuania to be moderately effective in 11 of 12 areas but partially compliant or largely compliant in its technical compliance. Key results include moderate effectiveness in understanding risks, supervising financial institutions and investigating money laundering, with substantial international cooperation.
This document is a mutual evaluation report from the Financial Action Task Force (FATF) that assesses the anti-money laundering and counter-terrorist financing measures in place in the Cayman Islands. It provides ratings on the Cayman Islands' level of effectiveness and technical compliance with FATF recommendations. Overall, the Cayman Islands was found to have low effectiveness in 7 of its 11 core areas and was only partially compliant or lower on 18 of its 40 technical compliance recommendations.
This document contains a summary of ratings from a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Morocco. It finds that Morocco has a moderate level of effectiveness in 11 of 12 identified outcomes, but is low or non-compliant in preventing misuse of legal persons and arrangements. The technical compliance ratings identify areas where Morocco is partially compliant or non-compliant with FATF recommendations, including targeted financial sanctions, regulation of non-profits, and transparency of legal arrangements.
The document is a mutual evaluation report from February 2019 that assesses the anti-money laundering and counter-terrorist financing measures in the Czech Republic. It provides ratings on the country's effectiveness and technical compliance with various FATF recommendations. On effectiveness, most of the ratings are moderate, with a few substantial and high ratings. On technical compliance, most ratings are largely compliant, with some partially compliant ratings. The report contains detailed analysis and ratings across 40 technical compliance criteria.
The document is a mutual evaluation report from April 2021 that assesses New Zealand's anti-money laundering and counter-terrorist financing framework. It provides ratings for New Zealand's level of effectiveness and technical compliance, identifies key strengths and findings, and lists priority actions. Some of New Zealand's strengths identified include understanding money laundering/terrorist financing risks and coordinating domestic actions. Areas for improvement include increasing the availability of beneficial ownership information and ensuring adequate supervision of banks and implementation of targeted financial sanctions.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Senegal from May 2018. It finds that Senegal has achieved low effectiveness in 11 of its core objectives to combat money laundering and terrorist financing. On technical compliance, it rates Senegal as partially compliant or non-compliant on 25 of the 40 FATF recommendations. Overall, the report identifies several priority areas for Senegal to strengthen its anti-money laundering and counter-terrorist financing regime.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Pakistan from October 2019. It provides ratings on Pakistan's effectiveness and technical compliance in various areas. For effectiveness, Pakistan was rated as low for 11 immediate outcomes related to understanding risks, supervision, applying preventive measures, investigating offenses, and preventing terrorist financing. For technical compliance, Pakistan received largely compliant, partially compliant and non-compliant ratings for 40 recommendations across several domains including criminalization, preventive measures, and international cooperation.
The document is a mutual evaluation report from July 2019 that assesses Malta's anti-money laundering and counter-terrorist financing framework. It finds Malta's effectiveness in achieving certain AML/CFT objectives is moderate to low. On technical compliance, Malta received largely compliant and partially compliant ratings across preventive measures, legal persons/arrangements, regulation/supervision, and international cooperation. Areas of low or moderate effectiveness include supervising financial institutions/DNFBPs, investigating ML/TF offenses, and confiscating proceeds of crime.
The document is a mutual evaluation report on Greece's anti-money laundering and counter-terrorist financing measures. It finds that Greek authorities generally understand money laundering and terrorist financing risks. International cooperation delivers appropriate information to combat criminals. However, supervision of financial institutions and regulation of certain sectors needs improvement. Terrorist financing offenses are investigated substantially but some terrorist financing risks are only moderated.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Finland from April 2019. It provides ratings on Finland's effectiveness and technical compliance in various areas. It finds that Finland has an adequate understanding of money laundering risks but supervision needs to be more risk-based. International cooperation is effective but more can be done to establish beneficial ownership and improve use of financial intelligence and sanctions. Key priority actions identified are improving risk-based supervision, establishing a beneficial ownership registry, addressing gaps in risk understanding, and encouraging tougher sentencing for money laundering.
The document is a mutual evaluation report on South Africa's anti-money laundering and counter-terrorist financing system. It finds that while South Africa understands some domestic money laundering risks, it has a limited understanding of relative scales, vulnerabilities, and threats from foreign predicates. Understanding of terrorist financing risks is also underdeveloped. It identifies several priority actions for South Africa to strengthen its framework, including developing policies to address higher risk areas, improving international cooperation, and enhancing supervision of at-risk sectors.
The document is a mutual evaluation report by MONEYVAL on Latvia's anti-money laundering and counter-terrorist financing measures. It finds that while Latvia has produced national risk assessments of money laundering and terrorist financing, there is uneven understanding of cross-border financial risks. Competent authorities have access to financial intelligence but reporting of suspicious transactions needs improvement. The report provides ratings on Latvia's technical compliance and effectiveness in combating money laundering, terrorist financing, and proliferation financing. It identifies several areas where Latvia is partially compliant or needs to improve.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Thailand from December 2017. It provides key findings, ratings, and priority actions. Thailand demonstrates a substantial understanding of ML/TF risks and international cooperation, but its preventive measures, supervision of businesses, and ability to prevent misuse of legal persons are rated as low. The report outlines Thailand's progress in AML/CFT reforms and coordination but identifies gaps in assessing sector and TF risks and applying risk mitigation measures. It recommends Thailand improve pursuit of ML investigations and targeting of key risk areas like corruption.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Saudi Arabia published in September 2018. It provides ratings and key findings on Saudi Arabia's level of effectiveness and technical compliance. On effectiveness, Saudi Arabia demonstrated substantial understanding of risks but was rated low or moderate on most outcomes. Key findings include weaknesses in complex money laundering investigations and pursuing criminal proceeds. On technical compliance, Saudi Arabia was largely or fully compliant on most recommendations. Priority actions focus on improving money laundering investigations, pursuing international cooperation, and strengthening targeted financial sanctions implementation.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Macao, China. It provides ratings on Macao's effectiveness and technical compliance in these areas. On effectiveness, Macao received moderate or substantial ratings for most outcomes, except for low ratings on money laundering investigations/prosecutions and proceeds/instrumentalities of crime confiscation. On technical compliance, Macao was largely or fully compliant in most areas, except for being partially compliant on DNFBP preventive measures and non-compliant on cash couriers. Key findings note coordination mechanisms for AML/CFT but a mixed understanding of risks, as well as intelligence sharing and use, but gaps in
This document is a mutual evaluation report on Haiti's anti-money laundering and counter-terrorist financing measures. It finds that Haiti achieved low effectiveness in 11 immediate outcomes related to combating money laundering and terrorist financing. On technical compliance, Haiti was rated non-compliant or partially compliant on most recommendations, particularly regarding risk assessment, targeted financial sanctions, and transparency of legal persons and arrangements. Supervision and regulation of financial institutions and DNFBPs was also found to be non-compliant.
This document contains a mutual evaluation report of Zambia's anti-money laundering and counter-terrorist financing measures. It finds that Zambia has a moderate level of effectiveness in 11 of 12 immediate outcomes but is low for preventing legal persons and arrangements from being misused. Technically, Zambia is partially compliant or largely compliant for most recommendations, except for targeted financial sanctions related to proliferation where it is non-compliant. The report provides ratings for both effectiveness and technical compliance of Zambia's anti-money laundering systems.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Hong Kong, China from September 2019. It provides ratings on Hong Kong's effectiveness and technical compliance in 11 immediate outcomes and 40 recommendations. Overall, Hong Kong demonstrates a substantial level of effectiveness in 7 of the 11 outcomes, but a moderate level in 4 outcomes related to supervision and application of preventative measures. The report also finds that Hong Kong has a reasonably good but incomplete understanding of money laundering risks and recommends it deepen its understanding in some higher risk areas.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Madagascar from September 2018. It finds that Madagascar has a low level of effectiveness in 11 of 11 immediate outcomes assessed for its anti-money laundering/counter-terrorist financing system. On technical compliance, it is non-compliant or partially compliant on most recommendations, with only a few areas of largely compliant or compliant ratings.
This document is a mutual evaluation report by MONEYVAL that assesses Hungary's anti-money laundering and counter-terrorist financing measures. It provides ratings on Hungary's level of effectiveness and technical compliance in 11 immediate outcomes and 40 technical compliance recommendations. Most areas received moderate or partially compliant ratings, indicating Hungary has achieved its objectives to some degree but effectiveness needs to be improved and technical compliance needs to address deficiencies.
The document is a mutual evaluation report by MONEYVAL assessing the anti-money laundering and counter-terrorist financing measures in the Isle of Man. Some key findings are that the Isle of Man has a good understanding of its money laundering and terrorist financing risks and coordinates policies well. However, investigations and prosecutions of money laundering and terrorist financing cases are modest and do not reflect the risk profile. Financial intelligence is also not fully utilized and reporting entities submit low quality suspicious activity reports.
An assessment of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Hungary: ratings, key findings and priority actions.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in the United States: ratings, key findings and priority actions.
The document is a mutual evaluation report on Nicaragua's anti-money laundering and counter-terrorist financing measures. It finds that Nicaragua has legal and regulatory frameworks and institutions to combat money laundering and terrorist financing, but that the current legal framework has some deficiencies that limit effectiveness. It rates Nicaragua's level of achievement in various areas and its technical compliance with Financial Action Task Force recommendations. Key findings include that understanding of risks is uneven, intelligence is used to identify assets but reporting of suspicious transactions needs a legal basis, and deficiencies in criminalizing terrorist financing affect effectiveness.
The document is a mutual evaluation report on Cambodia's anti-money laundering and counter-terrorist financing measures. It finds that Cambodia has improved its technical compliance with international standards since 2007, but its regime is not fully effective given ML threats. Cambodia completed its first national risk assessment in 2016, giving it an understanding of ML/TF risks like fraud and corruption, but the assessment had gaps and risks from certain sectors were assessed differently. Cooperation and application of a risk-based approach need to be strengthened for Cambodia to have an effective AML/CFT system.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Kyrgyzstan from September 2018. It finds that while Kyrgyzstan has made efforts to assess risks, it has a limited understanding of money laundering and terrorist financing risks. It has not yet developed a national strategy or action plan to address the risks identified. Financial intelligence is used for investigations but the quality of some underlying data is limited. Law enforcement authorities are aware of their powers but do not take a comprehensive risk-based approach to preventing, identifying and investigating these offenses.
Key findings, ratings and priority actions of the mutual evaluation of Honduras' compliance with the FATF Recommendations and the effectiveness of its measures to combat money laundering and terrorist financing
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in the Kingdom of Bahrain: ratings, key findings and priority actions.
A comprehensive review of the effectiveness of Serbia's measures to combat money laundering and terrorist financing and its level of compliance with the FATF Recommendations. Assessment conducted by FATF-Style Regional Body MONEYVAL.
An assessment of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Jamaica: ratings, key findings and priority actions.
Canada's authorities have a good understanding of most money laundering and terrorist financing risks according to a 2016 mutual evaluation report. However, the report found some significant loopholes in Canada's anti-money laundering and counter-terrorist financing framework, particularly regarding legal counsels, legal firms, and Quebec notaries. While financial intelligence is accessed to some extent, law enforcement results are not commensurate with money laundering risks and asset recovery is low. Overall, Canada achieved substantial or moderate effectiveness in 11 of 12 immediate outcomes but low effectiveness regarding preventing misuse of legal persons and arrangements.
The report evaluates Mauritius' anti-money laundering and counter-terrorist financing (AML/CFT) regime and finds several weaknesses. Mauritius has not fully understood its money laundering and terrorist financing risks. Financial institutions show varying understanding of risks depending on their size, while designated non-financial businesses show little understanding. The regime has not assessed risks in the non-profit sector. Financial institutions in the global business sector are legally obligated to comply with AML/CFT laws but rely heavily on management companies, concentrating risks. Supervisors have not adopted robust risk assessment systems for effective risk-based supervision.
The document is a mutual evaluation report on Mongolia's anti-money laundering and counter-terrorist financing measures. It finds that Mongolia faces threats from money laundering related to crimes like fraud, environmental crimes, and corruption. Terrorist financing risks are limited. Mongolia achieved low effectiveness for most outcomes related to preventing and investigating these issues. It identifies that Mongolia needs to improve understanding of risks, apply its national risk assessment, and better use financial intelligence.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in the Russian Federation. It finds that Russia has a substantial system to understand risks and coordinate actions domestically and internationally. However, it also finds room for improvement in supervision of financial institutions, investigation of complex money laundering, and fully implementing targeted financial sanctions without delay. Priority actions recommended include strengthening risk-based supervision, prioritizing complex money laundering cases, and requiring all persons and entities to implement terrorist financing sanctions without delay.
The document is a mutual evaluation report on Singapore's anti-money laundering and counter-terrorist financing measures. It finds that Singapore has a highly sophisticated coordination system between relevant authorities. However, it has some moderate gaps in understanding money laundering and terrorist financing risks. In particular, it does not fully reflect transnational threats and inherent risks associated with being a large financial hub. While authorities cooperate well, Singapore could strengthen its understanding of foreign predicate money laundering risks and pursue more complex transnational cases. Its financial intelligence unit provides useful information to law enforcement agencies.
An assessment of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Bangladesh: ratings, key findings and priority actions.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Fiji. It finds that while Fiji has reasonable cooperation between agencies on AML/CFT policies, there are gaps in its understanding of risks. It also finds that legal persons and beneficial ownership information present challenges. Priority actions identified include improving risk assessments, increasing resources for investigation agencies, and remedying deficiencies in the terrorist financing offense and targeted financial sanctions framework.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Mauritania. It finds that Mauritania has a low level of effectiveness in 11 immediate outcomes related to combating money laundering and terrorist financing. It also rates Mauritania as non-compliant or partially compliant on most technical compliance requirements, with low levels of implementation and enforcement of its anti-money laundering and counter-terrorist financing system.
Contributi dei parlamentari del PD - Contributi L. 3/2019Partito democratico
DI SEGUITO SONO PUBBLICATI, AI SENSI DELL'ART. 11 DELLA LEGGE N. 3/2019, GLI IMPORTI RICEVUTI DALL'ENTRATA IN VIGORE DELLA SUDDETTA NORMA (31/01/2019) E FINO AL MESE SOLARE ANTECEDENTE QUELLO DELLA PUBBLICAZIONE SUL PRESENTE SITO
Presentation by Rebecca Sachs and Joshua Varcie, analysts in CBO’s Health Analysis Division, at the 13th Annual Conference of the American Society of Health Economists.
Presentation by Julie Topoleski, CBO’s Director of Labor, Income Security, and Long-Term Analysis, at the 16th Annual Meeting of the OECD Working Party of Parliamentary Budget Officials and Independent Fiscal Institutions.
Bharat Mata - History of Indian culture.pdfBharat Mata
Bharat Mata Channel is an initiative towards keeping the culture of this country alive. Our effort is to spread the knowledge of Indian history, culture, religion and Vedas to the masses.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
1. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 1
Anti-money laundering and counter-
terrorist financing (AML/CFT)
measures in Ukraine
Fourth Round Mutual Evaluation
Ratings
December 2017
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-ukraine-2017.html
2. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Ukraine has
achieved this
objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Substantial
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Moderate
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Moderate
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Moderate
3. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Ukraine has
achieved this
objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Moderate
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Substantial
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Low
8. Proceeds and instrumentalities of crime are confiscated. Moderate
Ratings – Effectiveness (2/3)
4. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Ukraine has
achieved this
objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Moderate
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Moderate
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Moderate
Ratings – Effectiveness (3/3)
5. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 5
Ratings – Effectiveness
0
2
8
1
High
Substantial
Moderate
Low
6. 6
Ratings – technical compliance
(1/5)
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach LargLarLarLar Largely Compliant
2. National cooperation and coordination ComCoCoCo Compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence LargLarLarLar Largely Compliant
4. Confiscation and provisional measures LargLarLarLar Largely Compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence Par ParPa Par Partially Compliant
6. Targeted financial sanctions related to terrorism & terrorist financiPar ParPa Par Partially Compliant
7. Targeted financial sanctions related to proliferation Par ParPa Par Partially Compliant
8. Non-profit organisations LargLarLarLar Largely Compliant
7. 7
Ratings – technical compliance
(2/5)
PREVENTIVE MEASURES
9. Financial institution secrecy laws ComCoCoCo Compliant
Customer due diligence and record keeping
10. Customer due diligence LargLarLarLar Largely Compliant
11. Record keeping ComCoCoCo Compliant
Additional measures for specific customers and activities
12. Politically exposed persons LargLarLarLar Largely Compliant
13. Correspondent banking ComCoCoCo Compliant
14. Money or value transfer services LargLarLarLar Largely Compliant
15. New technologies LargLarLarLar Largely Compliant
16. Wire transfers ComCoCoCo Compliant
8. 8
Ratings – technical compliance
(3/5)
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties N/A
18. Internal controls and foreign branches and subsidiaries LargLarLarLar Largely Compliant
19. Higher-risk countries ComCoCoCo Compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions ComCoCoCo Compliant
21. Tipping-off and confidentiality ComCoCoCo Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence LargLarLarLar Largely Compliant
23. DNFBPs: Other measures LargLarLarLar Largely Compliant
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL PERSONS
AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons LargLarLarLar Largely Compliant
25. Transparency and beneficial ownership of legal arrangements Par Pa Pa Pa Partially Compliant
9. 9
Ratings – technical compliance
(4/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions LargLarLarLar Largely Compliant
27. Powers of supervisors LargLarLarLar Largely Compliant
28. Regulation and supervision of DNFBPs Par ParPa Par Partially Compliant
Operational and Law Enforcement
29. Financial intelligence units ComCoCoCo Compliant
30. Responsibilities of law enforcement and investigative authoritiesComCoCoCo Compliant
31. Powers of law enforcement and investigative authorities ComCoCoCo Compliant
32. Cash couriers LargLarLarLar Largely Compliant
10. 10
Ratings – technical compliance
(5/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics ComCoCoCo Compliant
34. Guidance and feedback Par ParPa Par Partially Compliant
Sanctions
35. Sanctions Par ParPa Par Partially Compliant
INTERNATIONAL COOPERATION
36. International instruments LargLarLarLar Largely Compliant
37. Mutual legal assistance LargLarLarLar Largely Compliant
38. Mutual legal assistance: freezing and confiscation LargLarLarLar Largely Compliant
39. Extradition LargLarLarLar Largely Compliant
40. Other forms of international cooperation LargLarLarLar Largely Compliant
11. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL 11
Ratings – technical compliance
12
20
7
0
Compliant
Largely compliant
Partially compliant
Non compliant
12. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Key findings
Corruption poses an overarching money laundering (ML) risk in Ukraine. It
generates substantial amounts of criminal proceeds and seriously
undermines the effective functioning of certain state institutions and the
criminal justice system. The authorities are aware of the risks emanating
from corruption and significant state-wide measures to mitigate the risk
are currently being implemented. However, law enforcement focus to
target corruption-related ML is only at its inception.
Ukraine has a reasonably good understanding of its ML and terrorism
financing (FT) risks although there are areas (e.g. cross-border risks, risks
posed by the non-profit sector and legal persons) where understanding
could be enhanced. Ukraine has comprehensive national coordination
and policy-making mechanisms to address identified risks, which include
political commitment and have a positive effect. These mechanisms
include proliferation financing (PF). Further efforts are needed to address
the risks posed by fictitious entrepreneurship, the shadow economy and
the use of cash, all of which are considered to pose a major ML risk.
12
13. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Key findings
The Financial intelligence Unit (FIU) generates financial intelligence of a high
order. Spontaneous case referrals regularly trigger investigations into ML,
associated predicate offences or FT. Law enforcement agencies (LEAs) also seek
intelligence from the FIU on a regular basis to support their investigative efforts.
However, the FIU finds itself at a critical juncture as its IT system is out-dated
and staffing levels are no longer adequate to cope with an ever increasing work-
load. Reporting appears to be in line with Ukraine’s risk profile and has resulted
in a significant number of case referrals to LEAs. Ukraine has nevertheless
started to take steps to further improve the quality of suspicion-based
reporting.
ML is still essentially seen as an adjunct to a predicate offence. While pre-trial
investigations may be opened for ML in certain circumstances without a
conviction for the predicate offence, it was widely assumed that a conviction for
the predicate offence is essential before a ML case can be taken to court. The
sentences for ML are almost always less than for the predicate offences and
generally need to be more dissuasive in practice. The authorities have recently
started aggressively restraining funds in cases of top level corruption and theft
of state assets with a view to confiscation. Nonetheless, the confiscation regime
does not appear to be applied consistently in all proceeds-generating cases.
13
14. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Key findings
Since 2014, the Security Services have concentrated on the consequences
of international terrorism involving the fight against Islamic State of Iraq
and the Levant (ISIL), which has led to indictments, though no convictions
as yet for FT. Financial investigations are undertaken in parallel with all
terrorism-related investigations. Although Ukraine demonstrates aspects of
an effective system in implementing FT targeted financial sanctions (TFS),
the legal framework is still not entirely in line with international standards.
No funds or other assets have been frozen under FT TFS in Ukraine.
The National Bank of Ukraine (NBU) has a good understanding of risk and
applies an adequate risk-based approach to the supervision of banks. Major
efforts have been made by the NBU in ensuring transparency of beneficial
ownership of banks and in removing criminals from control of banks. The
NBU has applied a range of sanctions to banks, including fines and
revocation of licences. As a result, the application of preventive measures
by the banking sector has been found to be broadly effective. Significant
improvements are required by most other supervisory authorities in
discharging their functions and by non-bank institutions and designated
non-financial businesses and professions (DNFBPs) in applying preventive
measures. 14
15. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Key findings
Although the Unified State Register (USR) records all basic information
and makes this available to the public online, the Registrar does not
ensure that the basic or beneficial ownership information provided to it
by legal persons is accurate or current. While this would not normally
be considered a material issue, the vast majority of the private sector
explained that they do rely on the USR to verify the beneficial owner
(BO) of their client.
Ukraine has been generally proactive in providing and seeking mutual
legal assistance (MLA). However, a number of issues have an impact on
the effectiveness of MLA rendered, particularly issues related to tipping
off. Limitations noted in relation to the transparency of legal persons at
the national level negatively impact Ukraine’s capacity to provide
comprehensive assistance.
15
16. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Priority Actions for Ukraine to
strengthen its AML/CFT System
The analysis and written articulation of ML and FT risk should be enhanced,
whether by way of revising the NRA or otherwise, by:
(a) utilising more statistics and ensuring that the statistics used are robust;
(b) further analysing the external threats and the threats of organised crime
and beneficial ownership; (c) communication of relevant information held
by the SSU on FT risks to other authorities and further analysing the threats
of NPOs.
Introduce a provision under Art. 209 of the CC which clearly states that a
person may be convicted of ML in the absence of a judicial finding of guilt in
respect of the underlying criminal activity and providing that the existence
of the predicate offence may be established on the basis of circumstantial or
other evidence without it being incumbent on the prosecution to prove a
conviction in respect of the underlying criminal activity.
More ML prosecutions and convictions in line with national ML risks are
required in cases involving high level corruption, theft and embezzlement of
State assets by current top officials and their associates (as well as those
connected with the former regime).
16
17. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Priority Actions for Ukraine to
strengthen its AML/CFT System
Financial investigations into the sources of alleged proceeds should
be routinely undertaken in proceeds-generating cases using trained
financial investigators working in parallel with the investigators of
the predicate offences.
The authorities should ensure that early restraints are routinely
made in all proceeds-generating cases. In this context it should be
considered whether investigators should have the power of early
restraint, subject to fast tracked reviews of such restraints by the
prosecutors.
Bring the FT offence and TFS framework for FT and PF in line with
international standards.
Consider options to limit staff turnover at the FIU. This could include
such proposals as career development programmes; and evaluating
the remuneration packages on offer.
17
18. Anti-money laundering and counter-terrorist financing measures in Ukraine – Mutual Evaluation Report – December 2017
Mutual evaluation
report by the
Committee of
Experts on the
Evaluation of Anti-
Money Laundering
Measures and the
Financing of
Terrorism
MONEYVAL
Priority Actions for Ukraine to
strengthen its AML/CFT System
All supervisory authorities should add to their existing supervisory
approach by undertaking systematic offsite supervision and
analysing material received so as to inform their understanding of
the ML/FT risk profile of individual licensees (and of sectors) and
approaches to onsite inspections, so that on-site and off-site
supervision is fully based on ML/FT risk.
Those responsible for the maintenance of the USR should take
reasonable steps to verify the information submitted is correct,
accurate and up to date.
The MoJ should establish a clear system for the prioritisation of
incoming MLA requests. The authorities should apply measures to
ensure that the effectiveness of incoming MLA requests is not
hindered by tipping off and other practices concerning provisional
access to information. Improve the quality of outgoing MLA requests
seeking assistance for confiscation purposes.
18