OREANDA-NEWS. March 13, 2013. An action plan of measures for 2013 directed to prevention and counteraction to legalization (laundering) of the proceeds from crime or financing terrorism was approved.

A respective resolution of the Cabinet of Ministers of Ukraine and the National Bank of Ukraine was adopted at a Government’s session.

The State Service of Financial Monitoring will summarize information received from ministries, other central executive authorities and provide a respective report to the Cabinet of Ministers of Ukraine and the National Bank of Ukraine on a quarterly basis.

The draft resolution is directed to facilitate the process of realization of the state policy in the area of prevention and counteraction to money laundering or financing terrorism and regulations of the Law of Ukraine “On prevention and counteraction to legalization (laundering) of the proceeds from crime or financing terrorism”. The document determines actions of legislative, organizational and institutional character directed to ensuring stable and effective functioning of the national system of prevention and counteraction to legalization of profits received illegally and also introduction into the national legislation of FATF recommendations in counteraction to money laundering, financing terrorism and proliferation of weapon of mass destruction.