Measure
3.3.3.11.6. Approving 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:
Actual execution date:
27.12.2023
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:
Responsible implementors (authorities):
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 approved by the Cabinet of Ministers of Ukraine.
Implementing status
Progress/Result of implementation:
On December 27, 2023, the Cabinet of Ministers of Ukraine approved the Resolution No. 1207-r 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 (the Action Plan).
The Action Plan was developed by the State Financial Monitoring Service of Ukraine jointly with the Ministry of Finance of Ukraine and other concerned state authorities based on the results of the third National Risk Assessment in the Area Preventing and Combating the Laundering of Proceeds of Crime, Financing of Terrorism, and Financing of Proliferation of Weapons of Mass Destruction.
The Action Plan contains a set of institutional, legislative, organizational, and practical measures to improve the national system of preventing and combating money laundering in accordance with international standards and the system of strategic planning in this area, aimed at
- effective risk management in preventing and combating money laundering system;
- effective formation and implementation of state policy in the area of preventing and combating money laundering in accordance with international standards;
- aligning the national system of preventing and combating money laundering with international standards;
- improvement of information technologies, effective cooperation and information exchange between government agencies, as well as with the competent authorities of foreign countries and international organizations in this area;
- ongoing methodological support of the activities of the primary financial monitoring entities and providing feedback to them;
- innovative solutions for professional development of specialists in the area of preventing and combating money laundering;
- deepening cooperation with the private sector and the public.