The Ukrainian government and the National Bank have endorsed a programme for 2004 on fighting the legalisation of income obtained through criminal activity. The programme was endorsed by the Cabinet of Ministers’ resolution.
The main objective of the document is to guarantee the implementation of 40 recommendations of the Financial Action Task Force, to perfect the system of fighting money laundering and financial terrorism.
Particularly, the programme envisages further work aimed at introducing international standards in this field, drafting and submitting for the Cabinet of Ministers' consideration proposals on the perfection of legal acts. The required amendments will be incorporated in the legal documents during the year.
Regular analysis will be made of foreign trade transactions carried out by entrepreneurs through offshore zones, with the purpose of establishing their legitimacy.
