Feedback from the public

Measure

2.4.4.6.16. Developing the draft of the Procedure by which reporting entities shall relay information to the specially authorized agency about any discrepancies in information about ultimate beneficial owners and the structure of ownership of legal entities

Measure status:

Implemented

Actual execution date:

30.04.2023

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 - 30.04.2023

Responsible implementors (authorities):

The main implementer: Ministry of Justice of Ukraine
co-implementors:
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 draft Procedure has been developed.

Implementing status

Progress/Result of implementation:

The Ministry of Justice of Ukraine developed the draft of joint order of the Ministry of Justice of Ukraine and the Ministry of Finance of Ukraine On Approval of the Procedure for the Relaying by the Holder of the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations of Information on Discrepancies in Information about Ultimate Beneficial Owners and the Structure of Ownership of Legal Entities Received by the Entity of Primary Financial Monitoring as a Result of the Due Diligence of the Legal Entity and Corresponding Information Published in the Specified Register and about the Entity of Primary Financial Monitoring which Discovered such Discrepancies to the Specially Authorized Agency.

Monitoring results (quarterly):

16.08.2023:
The measure was implemented on time and in full

Key sources of assessment:

1. Ministry of Justice of Ukraine: Draft Order
2. Ministry of Justice of Ukraine: Draft Procedure

Additional sources of information: