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Measure

3.3.3.11.5. Preparing and submitting to the Cabinet of Ministers of Ukraine in the prescribed manner the consolidated proposals from participants of the national assessment of risks regarding the implementation of measures towards prevention and/or mitigation of adverse consequences of the risks identified

Measure status:

Implemented

Actual execution date:

03.11.2023

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 - 31.08.2023

Responsible implementors (authorities):

The main implementer: State Financial Monitoring Service of Ukraine

Sources of funding:

state budget

Volumes of financing (thousand UAH):

within the established budget allocations for the relevant year

Performance indicator:

The consolidated proposals have been submitted to the Cabinet of Ministers of Ukraine.

Implementing status

Progress/Result of implementation:

The draft decree of the Cabinet of Ministers of Ukraine On Approval of the Action Plan Aimed at Preventing and/or Mitigating the Negative Consequences of Risks Identified by the Third Round of the National Risk Assessment in the Area of Preventing and Combating the Laundering of Proceeds of Crime, Financing of Terrorism, and Financing of Proliferation of Weapons of Mass Destruction for the Period up to 2026 was agreed with the concerned authorities, the opinion of the Ministry of Justice of Ukraine was received, and by letter dated November 3, 2023 No. 26120-02-3/30140 the draft decree was sent to the Cabinet of Ministers of Ukraine for review.

Monitoring results (quarterly):

16.01.2024:
The measure was not implemented on time and in full
16.11.2023:
The measure has not been implemented
14.08.2023:
Implementation of the measure has started on time

Key sources of assessment:

Additional sources of information: