From December 18 to 20, 2024, the annual Forum on "Financial Monitoring - 2024" was held, organized by the State Financial Monitoring Service of Ukraine in collaboration with the Academy of Financial Monitoring, with the support of the "Promoting Integrity in the Public Sector" (Pro-Integrity) project, the Council of Europe’s anti-money laundering, counter-terrorism financing, and asset recovery regime in Ukraine, the OSCE Support Program for Ukraine, and the EU Anti-Corruption Initiative in Ukraine (EUACI).

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The Forum was opened by the Minister of Finance of Ukraine, Serhiy Marchenko, and Ukrainian Member of Parliament Olha Vasylevska-Smahliuk.

High-level panel discussions on contemporary risks and threats in the AML/CFT/POCA sector featured esteemed guests, including the President of the Council of Europe MONEYVAL Committee, Nicola Muccioli, the Chair of the Egmont Group of Financial Intelligence Units, Elżbieta Frankiew-Jaskiewicz, and the President of the Conference of the Parties to the Council of Europe Convention on the Laundering, Search, Seizure and Confiscation of the Proceeds of Crime and on the Financing of Terrorism (COP CETS 198), Oksana Hiska.

More than 700 specialists attended the hybrid-format Forum, including international and national experts representing the field of preventing and combating money laundering, counter-terrorism financing, and the financing of the proliferation of weapons of mass destruction, as well as representatives from professional monitoring organizations and universities.

Speakers included representatives from the European Commission, the USA, Germany, France, Latvia, Canada, the Netherlands, experts from the Council of Europe, the Pro-Integrity project, the EU AML/CFT Global Facility, the Royal United Services Institute (RUSI), and representatives from the State Financial Monitoring Service of Ukraine, the Ministry of Finance of Ukraine, the National Bank of Ukraine, the Ministry of Justice of Ukraine, the National Securities and Stock Market Commission, the Office of the Prosecutor General, the Supreme Court, the High Anti-Corruption Court of Ukraine, the Specialized Anti-Corruption Prosecutor's Office, the Bureau of Economic Security, the State Bureau of Investigation, the National Police of Ukraine, the Center for Economic Democracy and other private and public sector organizations.

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Representatives from educational and research institutions included those from the Academy of Financial Monitoring, Ivan Franko Lviv National University, the State Tax University, the Training Center for Prosecutors of Ukraine, the National Academy of Internal Affairs, the National School of Judges of Ukraine, the West Ukrainian National University, the Military Academy named after Yevhen Berezniak, the Academy of the Security Service of Ukraine, the Institute of State Protection Management of Taras Shevchenko National University of Kyiv, among others.

During the Forum, six thematic panels and three round tables were organized, addressing a wide range of pressing issues related to national and international policies in the area of preventing and combating the laundering of proceeds from crime, financing terrorism, and financing weapons of mass destruction, including:

new approaches to assessing jurisdictions within the framework of the 6th round of MONEYVAL evaluations, and the experiences of countries preparing for such evaluations;

innovations in international policy for preventing and combating AML/CFT/POCA;

the experiences of foreign jurisdictions in managing risks and threats in the AML/CFT/POCA sector amidst contemporary challenges.

The Forum extensively discussed the priorities for developing the AML/CFT/PF system under martial law, particularly concerning the prevention of AML/CFT/PF risks and threats at the national level, including in the context of conducting the next fourth National Risk Assessment.

The discussions presented an updated Methodology for conducting the NRA, innovations in collecting and analyzing administrative reporting in the AML/CFT field, and practices and challenges in conducting sectoral risk assessments.

The Forum also thoroughly covered the practices and prospects for cooperation between the public and private sectors in the AML/CFT/POCA area and the development of public-private partnerships in this field, the digitization of financial monitoring processes, and the improvement of educational processes.

The head of the State Financial Monitoring Service of Ukraine, Ihor Cherkaskyi, emphasized that: "This Forum has become yet another important example of the need to combine the efforts of the international community for effective coordination of measures against money laundering and terrorism financing. I am confident that this initiative will provide new momentum for advanced ideas in financial monitoring, which is a necessary condition for effectively managing risks in our field, especially in the context of the ongoing war waged by a terrorist state against Ukraine."