Computer Crime Research Center


Ukraine is out FATF black list

Date: February 25, 2004
Source: Computer Crime Research Center
By: Timofey Saitarly

Ukraine is excluded from Financial Action Task Force (FATF) blacklist. FATF commission on Money Laundering at plenary session 25 February unanimously approved resolution to remove Ukraine from black list of countries that do not fight legalization of "dirty" money, President of Ukraine Leonid Kuchma announced at press conference in Kiev on February 25.

Ukraine was included on the black list in December 2002 due to a lack of legislation on fighting money laundering, FATF also recommended members to check carefully all financial operations carried out with Ukrainian contractors, Russian information agency "RIA Novosti" informs.

In February 2003 FATF sanctions were cancelled, though Ukraine remained in the "black list" of countries, which insufficiently struggle against money laundering till it would implement the new legislation for prevention of the legalization of "dirty" money. Such a resolution, as the official Internet-site of the FATF reports, has been adopted by the organization members on February 14, 2003.

Add comment  Email to a Friend

Copyright © 2001-2013 Computer Crime Research Center
CCRC logo