Feedback from the public

Measure

3.3.3.11.4 (5). Aligning bylaws with the Laws of Ukraine dated December 6, 2019, No. 361-IX On Preventing and Combating the Laundering of Proceeds of Crime, Financing of Terrorism, and Financing of Proliferation of Weapons of Mass Destruction, dated November 4, 2022, No. 2736-IX On Amendments to Select Laws of Ukraine Towards Protection of the Financial System of Ukraine Against Actions of the State Engaging in Armed Aggression Against Ukraine, and Adaptation of Ukrainian Legislation to Specific Standards of the Financial Action Task Force and the Requirements of EU Directive 2018/843, and EU Directive 2015/849

Measure status:

Implemented

Actual execution date:

29.12.2023

The measure is aimed at achieving ESR:

3.3.3.11. Measures to prevent the laundering of money obtained through corruption are determined based on the results of risk assessment and are duly implemented. FATF recommendations are being consistently implemented

Problem solving:

3.3.3. The legislation governing the activity of the ARMA contains numerous gaps and corruption risks. Low effectiveness of the processes of transferring assets to ARMA for management to preserve their economic value, as well as the processes of combating and preventing money laundering

Deadlines:

01.03.2023 - 31.12.2023

Responsible implementors (authorities):

The main implementer: Ministry of Justice of Ukraine

Sources of funding:

state budget

Volumes of financing (thousand UAH):

within the established budget allocations for the relevant year

Performance indicator:

The bylaw normative legal acts have been aligned with said laws and EU Directive 2015/849.

Implementing status

Progress/Result of implementation:

In order to implement this measure, the order of the Ministry of Justice of Ukraine dated December 29, 2023 No. 4501/5 On Amendments to Certain Normative Legal Acts of the Ministry of Justice of Ukraine was adopted, registered with the Ministry of Justice of Ukraine on January 2, 2024 No. 4/41349.

Monitoring results (quarterly):

13.02.2024:
The measure was implemented on time and in full
14.11.2023:
Implementation of the measure was started late
15.08.2023:
Implementation of the measure has not started

Key sources of assessment:

Additional sources of information: