The Law is aimed at the protection of the protection of the legal interests and rights of citizens, society and state through the defining of the legal mechanism of fighting against legalization (money laundering) of income received illegally or financing of terrorism and formation of multi-source analytical information that enables law enforcing bodies of Ukraine and foreign states detect, check and investigate crimes connected with legalization (money laundering) of money received illegally and other illegal operations..
The Law is spread on the citizens of Ukraine, foreigners and persons without citizenship and also juridical persons, its subsidiaries etc.
To the legalization (money laundering) of income received illegally, according to the law, belong any actions connected with the funds (property), received as a result of a crime, and aimed at the concealing of the income source or abetment to the accomplice.
According to the Law it is implemented that the subjects of primary finance monitoring are: banks, insurance and other finance institutions; clearing institutions, professional participants of currency markets, except stock exchanges, post connection operators, realtors, market participants etc.
To the subject of the state monitoring belong: National Bank of Ukraine, Ministry on Finance of Ukraine, State Commission on Regulation of Financial Service Market of Ukraine, Specially Authorized Body.
To the relevant Bill, Reg. under №3062 after the discussion in the session hall, amendments were introduced.