Improvement of legislation, strengthening of interaction between the involved structures and international activities, as well as intensive efforts to investigate cyber criminals formed the basis for the plan approved by the government. Identification of legalization schemes for illegal income helps establish a transparent and clear taxation mechanism and strengthen the State supervision, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
The Action Plan for 2014 on prevention and counteraction to legalization (laundering) of illegal profits, or financing of terrorism, approved by the Cabinet of Ministers and the National Bank of Ukraine, establishes the levels of interaction between the government agencies involved in monitoring and tracking of illegal operations.
Increased attention is paid to identification of illicit human trafficking, arms trading, traffic in drugs, excise goods, laser discs, gambling, insider data, stock market manipulations, etc.
The Plan charged the State Financial Monitoring Service, the Ministry of Economic Development, Ministry of Infrastructure, Ministry of Justice, Ministry of Finance, Ministry of Foreign Affairs, Ministry of Internal Affairs, Ministry of Revenue and Duties, the State Financial Inspection, Security Service of Ukraine (by consent), State Commission for Securities and Stock Market (by consent), the National Commission for the State Regulation of Financial Services (by consent), National Association of Ukrainian Banks (by consent), Association of Ukrainian Banks (by consent), the League of Insurance Organizations of Ukraine (by consent), the Professional Association of Registrars and Depositories (by consent) with the task to consolidate information on the identified legalization schemes for illegal earnings by Quarter 4 of 2014. In particular, the State Financial Monitoring Service is instructed to ensure during the year the functioning of the Unified State Information System in the field of prevention and counteraction to legalization (laundering) of illegal profits or financing of terrorism.
