The National Bank of Ukraine continues to report to the law enforcement authorities the information that was obtained during financial and foreign exchange legislation compliance monitoring and that may bear evidence of organized criminal activities and may thus be used to detect, cease, and prevent such activities.
In H1 2018, the NBU sent the law enforcement authorities 30 letters notifying them of suspicious financial transactions by the customers of 34 banks and eight non-banking financial institutions, which totaled UAH 49.4 billion, USD 202 million, EUR 9.4 million, and RUB 25.5 million. In the letters, the NBU also mentioned large transactions made by business entities engaged in external economic activity that were the clients of eight banks. The transactions totaled over UAH 24.7 million, USD 142.9 million, and RUB 25.5 million.
In addition, in H1 2018, under Article 19-2 of the Law of Ukraine On the National Anti-Corruption Bureau of Ukraine, the NBU sent five notifications that may bear evidence of criminal offences or be used to prevent, detect, cease, and investigate criminal offences that, in accordance with the Law, fall within the authority of the National Anti-Corruption Bureau of Ukraine.
The information provided was largely about financial transactions that by their nature or consequences give grounds to believe that they may relate to capital outflow, conversion (reallocation) of non-cash funds into cash, fictitious business operations, tax evasion, etc.
In the report dated 30 January 2018, the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) confirmed that Ukraine is a reliable jurisdiction in combating money laundering and terrorist financing and emphasized the high level of regulatory and supervisory activities in the banking sector.