07 October 2014, 12:01
The draft law aims at securing implementation of provisions of new international standards in the sphere of counteraction to laundering money and combating terrorism financing.
The bill suggests comprehensively refine national legislation in the sphere of financial monitoring.
In particular, the bill stipulates:
introducing the national assessment of risks of financial monitoring system and refining the risk-oriented approach;
singling out measures for combating financing proliferation of weapons of mass destruction;
changing an approach for determining predicate crimes;
amending the Criminal Procedure Code of Ukraine;
exercising financial monitoring of national public figures and officials of international organizations;
refining the procedure of termination of financial transactions, etc.
The bill suggests recognizing the Law “On prevention and counteraction to legalization (laundering) of the proceeds from crime or terrorism financing” as invalid, and amending other codified and legislative acts that proceed from the abovementioned law and aim at implementation of its provisions.
The respective bill was registered under No. 5067.