Feedback from the public

Measure

2.4.4.6.7. Developing and submitting to the Cabinet of Ministers of Ukraine and the National Bank the draft Methodology for Determining the Ultimate Beneficial Owner by a Legal Entity

Measure status:

Implemented

Actual execution date:

19.09.2023

The measure is aimed at achieving ESR:

2.4.4.6. Effective mechanisms for verification of information on the ultimate beneficial owners of legal entities under private law in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations have been introduced

Problem solving:

2.4.4. A high level of tolerance of corruption in the private sector of the economy

Deadlines:

01.03.2023 - 31.08.2023

Responsible implementors (authorities):

The main implementer: Ministry of Finance of Ukraine

Sources of funding:

state budget

Volumes of financing (thousand UAH):

within the established budget allocations for the relevant year

Performance indicator:

The Methodology has been approved by the Cabinet of Ministers of Ukraine.

Implementing status

Progress/Result of implementation:

The Ministry of Finance of Ukraine developed and submitted to the Cabinet of Ministers of Ukraine for review the Draft Resolution On Approval of the Methodology for Determining the Ultimate Beneficial Owner by a Legal Entity (letter of the Ministry of Finance dated September 14, 2023 No. 26120-02-3/25047). The Methodology for Determining the Ultimate Beneficial Owner by a Legal Entity was approved by the Resolution of the Cabinet of Ministers of Ukraine and the National Bank of Ukraine dated September 19, 2023 No. 1011.

Monitoring results (quarterly):

15.11.2023:
The measure was not implemented on time and in full
16.08.2023:
Implementation of the measure has started on time

Additional sources of information: