Ukraine regulates AML/CTF through the State Financial Monitoring Service under the 2019 law on preventing the legalisation of the proceeds of crime. See the obligations and how MemberCheck supports them.
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Ukraine runs a two-tier financial monitoring system. Reporting entities are supervised by their own state regulator, chiefly the National Bank of Ukraine, while the State Financial Monitoring Service acts as the financial intelligence unit, receiving, analysing, and disseminating reports on suspicious financial transactions. The 2019 Law on Prevention and Counteraction to Legalization (Laundering) of the Proceeds of Crime is the principal statute, and as a member of MONEYVAL Ukraine aligns its regime with the FATF international standards.
Reporting entities must assess their money laundering and terrorist financing risk, apply customer due diligence, identify beneficial owners, and report suspicious financial transactions to the SFMS. Supervisors expect a documented compliance framework, a named responsible person, and ongoing staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
The National Bank of Ukraine supervises banks and non-bank financial institutions for AML/CTF compliance, with the NSSMC covering capital markets, the Ministry of Justice notaries and lawyers, and the Ministry of Digital Transformation virtual asset service providers.
Ukraine's financial intelligence unit. It receives, analyses, and disseminates reports on suspicious financial transactions, coordinates the national response, and supervises the reporting entities not assigned to another regulator.
Ukraine's principal AML statute. It sets customer due diligence, risk assessment, record-keeping, and reporting duties for reporting entities.
As a member of MONEYVAL, the Council of Europe's evaluation body, Ukraine aligns its regime with the FATF international standards that shape expectations for reporting entities.
Supervision is shared between several state regulators. The National Bank of Ukraine supervises banks and non-bank financial institutions, the National Securities and Stock Market Commission covers capital market participants, the Ministry of Justice covers notaries and lawyers, and the Ministry of Digital Transformation covers virtual asset service providers. The State Financial Monitoring Service is the financial intelligence unit and also supervises the reporting entities left to it.
The Law on Prevention and Counteraction to Legalization (Laundering) of the Proceeds of Crime (2019) is Ukraine's principal AML statute, setting due diligence, risk assessment, and reporting obligations.
Yes. Ukraine is a member of MONEYVAL and aligns its AML/CTF regime with the FATF international standards.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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