Ukraine in February 2010 could be again included on the FATF blacklist (the Financial Action Task Force), if it does not approve a new basic profile law by December 31, according to a statement posted on the Web site of the State Committee for Financial Monitoring of Ukraine.
"In spite of the seven-year active work of the Ukrainian government and the parliament and the long-awaited approval of a new basic law by 393 people's deputies in November 2009, Ukraine has been included in 25 countries, which have a real chance of getting outside the civilized financial world and feel the burden of fines," the statement reads.
According to the committee, the risks grew as the Ukrainian president had vetoed the new edition of a law on opposing money laundering and financing terrorism.
As reported, the Verkhovna Rada, Ukraine's parliament, on November 6 amended the law on money laundering, significantly expanding the list of subjects to be monitored first. The Association of Ukrainian Banks called to veto the law, considering its points to contradict a number of articles of the Constitution of Ukraine.
The Ukrainian president vetoed the law on December 8. According to the head of state, the law empowers the State Committee for Financial Monitoring with too much authority to collect information. According to the president'sestimation, such authority does not meet the realistic needs for fighting economic crime and financing terrorism.
Source: The Kyiv Post
Tampilkan postingan dengan label Ukraine. Tampilkan semua postingan
Tampilkan postingan dengan label Ukraine. Tampilkan semua postingan
Kamis, 28 Juni 2012
Rabu, 13 Juni 2012
Latvian citizens involved in money laundering ring in Ukraine
An organized crime group has been uncovered in Ukraine. Its members, Latvian citizens, were laundering money through multi-million public procurements. However, they still have not been taken into custody and no charges have been pressed against them.
The purchase of the rig was conducted via a fixed tender. Two offshore companies, headed by Latvian citizens Stanislavs Gorins and Eriks Vanagals, offered the rig at exorbitant prices.
Vanagels is connected with the company Stabu 58, which belongs to former security service employees. The company used to earn money by storage of cars seized from intoxicated drivers.
The Ukrainian press informs that the money laundering scheme included not only 71-year-old Vanagel, but also his 44-year-old son.
"Neka personiga" met with Gorins at his office in Riga. The Insurance broker claims that he is not familiar with Vanagels and has no idea who is using his signature on the offshore companies' documents.
Even though it is still not clear whether these persons are capable of implementing such a large-scale money laundering affair, "Business New Europe" reporters have revealed that there are links between Gorins and Vanagels, and both Latvians also had other successful deals in Ukraine.
Source: The Baltic Course
Sabtu, 09 Juni 2012
Veto on law on opposing money laundering leading Ukraine to blacklist
The president's veto of the law on opposing money laundering is leading Ukraine to the blacklist of the FATF (the Financial Action Task Force), according to a statement by Ihor Cherkassky, the head of the State Committee for Financial Monitoring of Ukraine, the text of which has been sent to Ukraine.
"Ukrainian President Viktor Yuschenko gave an original "present" to the financial system of Ukraine, having used his right of veto on the law on fighting money laundering and financing terrorism. By his actions, the head of state has brought Ukraine before the so called blacklist of the FATF," the statement reads.
According to the statement, the approval of the corresponding law represented the fulfillment of the obligations Ukraine undertook before the FATF and the international community.
"The fact Ukraine succeeded in persuading international organizations about its ability to approve such a law, which would meet all of the challenges of the modern world, gave the possibility to take our state off the blacklist of the FATF in 2004, and in 2006 to stop the procedure of active monitoring," Cherkassky said.
The statement reads that the Ukrainian parliament approved new wording of the law on Nov. 6.
"While imposing the veto, it was even not taken into consideration that in June 2009, the FATF introduced strict demands on countries, and included our state on a preliminary list of high risk countries," the statement reads.
According to the statement, the only was to avoid Ukraine being put onto the blacklist is for a parliament mission to submit a new law to the FATF European Control Group by Dec. 10.
Source: The Kyiv Post
"Ukrainian President Viktor Yuschenko gave an original "present" to the financial system of Ukraine, having used his right of veto on the law on fighting money laundering and financing terrorism. By his actions, the head of state has brought Ukraine before the so called blacklist of the FATF," the statement reads.
According to the statement, the approval of the corresponding law represented the fulfillment of the obligations Ukraine undertook before the FATF and the international community.
"The fact Ukraine succeeded in persuading international organizations about its ability to approve such a law, which would meet all of the challenges of the modern world, gave the possibility to take our state off the blacklist of the FATF in 2004, and in 2006 to stop the procedure of active monitoring," Cherkassky said.
The statement reads that the Ukrainian parliament approved new wording of the law on Nov. 6.
"While imposing the veto, it was even not taken into consideration that in June 2009, the FATF introduced strict demands on countries, and included our state on a preliminary list of high risk countries," the statement reads.
According to the statement, the only was to avoid Ukraine being put onto the blacklist is for a parliament mission to submit a new law to the FATF European Control Group by Dec. 10.
Source: The Kyiv Post
Rabu, 16 Mei 2012
Nation joins groups against money laundering
By Xu Binlan (China Daily)
Updated: 2004-12-25 00:04
China plans to work closer with other countries as it ups the ante in the fight against money laundering and terrorism funding.
The country, a founding member of the Euro-Asian Group on Combating Money-Laundry and Financing of Terrorism (EAG), is playing a very active role promoting co-operation among EAG members, said Ling Tao, director of the Bank of China's bureau in charge of countering money laundering.
The EAG, established in October 2004, also includes Russia, Ukraine, Belarus, Kyrghizstan and Tajikistan.
Ling said the country is applying for membership at the Financial Action Task Force on Money Laundering (FATF), a major intergovernmental organization launched in 1989 by the Group-7 Summit.
"We always have an open, pragmatic attitude in multilateral and bilateral co-operation in the fight against money laundering," he said.
On the home front, Ling said China puts priority on improving its legal system as well as monitoring, analysis and law enforcement systems.
Resources will also go towards building a professional team to fight laundering, which is always linked to other crimes, he said.
In China, it is mostly related to smuggling, drug trafficking and terrorism.
Some estimates peg the amount of money laundered in the country at US$20 billion every year.
However, legal experts said the country's definition of money laundering is too narrow to deal with increasingly sophisticated operations.
To address this problem, the nation's law-making body, the National People's Congress, set up a team to draft a new law in March 2004.
Ling, whose bureau co-ordinates anti-money laundering efforts at the central government, said 23 related government departments have been mobilized to play a part in the fight.
The next step will be to enhance inter-provincial co-operation, he said.
Banking, securities, real estate and insurance have been marked as sensitive sectors.
Law firms, accounting firms and jewellery companies are also in the list of places that need to be scrutinized, he said.
The People's Bank of China in 2003 issued regulations on reporting of suspicious transactions by financial institutions. The regulations mainly affect banks.
Ling said similar regulations and monitoring systems will be developed for other sensitive sectors.
According to Ling, authorities are paying close attention to key cities such as Shanghai and Shenzhen and major areas like Southwest China's Yunnan Province and Northwest China's Xinjiang Uygur Autonomous Region.
Source: China Daily
Updated: 2004-12-25 00:04
China plans to work closer with other countries as it ups the ante in the fight against money laundering and terrorism funding.
The country, a founding member of the Euro-Asian Group on Combating Money-Laundry and Financing of Terrorism (EAG), is playing a very active role promoting co-operation among EAG members, said Ling Tao, director of the Bank of China's bureau in charge of countering money laundering.
The EAG, established in October 2004, also includes Russia, Ukraine, Belarus, Kyrghizstan and Tajikistan.
Ling said the country is applying for membership at the Financial Action Task Force on Money Laundering (FATF), a major intergovernmental organization launched in 1989 by the Group-7 Summit.
"We always have an open, pragmatic attitude in multilateral and bilateral co-operation in the fight against money laundering," he said.
On the home front, Ling said China puts priority on improving its legal system as well as monitoring, analysis and law enforcement systems.
Resources will also go towards building a professional team to fight laundering, which is always linked to other crimes, he said.
In China, it is mostly related to smuggling, drug trafficking and terrorism.
Some estimates peg the amount of money laundered in the country at US$20 billion every year.
However, legal experts said the country's definition of money laundering is too narrow to deal with increasingly sophisticated operations.
To address this problem, the nation's law-making body, the National People's Congress, set up a team to draft a new law in March 2004.
Ling, whose bureau co-ordinates anti-money laundering efforts at the central government, said 23 related government departments have been mobilized to play a part in the fight.
The next step will be to enhance inter-provincial co-operation, he said.
Banking, securities, real estate and insurance have been marked as sensitive sectors.
Law firms, accounting firms and jewellery companies are also in the list of places that need to be scrutinized, he said.
The People's Bank of China in 2003 issued regulations on reporting of suspicious transactions by financial institutions. The regulations mainly affect banks.
Ling said similar regulations and monitoring systems will be developed for other sensitive sectors.
According to Ling, authorities are paying close attention to key cities such as Shanghai and Shenzhen and major areas like Southwest China's Yunnan Province and Northwest China's Xinjiang Uygur Autonomous Region.
Source: China Daily
Langganan:
Postingan (Atom)