State Financial Monitoring Committee: Delegation of Ukraine participates in regular sitting of Special Committee of the Council of Europe (MONEYVAL)

A delegation of Ukraine led by a representative of the State Committee of Financial Monitoring of Ukraine is taking part in the 30-th Plenary sitting of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism of the Council of Europe (MONEYVAL).

The Plenary sitting of MONEYVAL will take place in Strasbourg, France on September 21-25 of the current year.

During the meeting it is planned to hear a FATF report on impact of the global economic crisis in the sphere of counteraction to money laundering and financing terrorism. Besides, the participants will hear information concerning initiatives in fight against money laundering and financing terrorism devised by the financial institutions, such as the IMF, the World Bank, UNO Counter-Terrorism Committee, the EBRD, Offshore Group of Banking Supervisers, OCSE, Egmont Group and Eurasia Group on Counteraction to Money Laundering and Financing Terrorism.

Moreover, the agenda of the meeting includes discussion of a report on mutual evaluation of Armenia and issues of progress in fight against money laundering and financing terrorism in such countries as Russia, Romania, Israel, Slovakia and Macedonia.

Reference.

MONEYVAL (Committee of Experts on the Evaluation of Anti-Money Laundering Measures) was set up by the Ministerial Committee of the Council of Europe in 1997 and appears one of the three international organizations dealing with fight against money laundering. The principal goal of activity is the expert evaluation of the effectiveness with which the countries-members of the Council of Europe counteract to legalization of profits obtained in a criminal way.

Ukraine is a MONEYVAL member and constantly participates in its meetings.

FATF is an interstate body dealing with elaboration of a policy of fight against legalization of funds acquired in a criminal way and facilitates its implementation on both the national and international level.