OREANDA-NEWS. On December 10, 2008, during the sitting of the Cabinet of Ministers of Ukraine a joint resolution of the Cabinet of Ministers of Ukraine and the National Bank of Ukraine “On approving action plan for 2009 in prevention and counteraction to legalization of incomes obtained in illegal way and financing of terrorism” №1077 was approved.

Adopting of the resolution was initiated by the State Financial Monitoring Committee of Ukraine as a state department which functions as the national subdivision of financial intelligence.

The main goal of the instrument is advancement to introduce into the Ukrainian legislation Forty Recommendations of the FATF group, Nine Special FATF recommendations in fight against financing terrorism and other international standards with an aim to improve the system of counteraction to money laundering.

According to the Head of the State Committee of Ukraine Ihor Cherkassky, the mentioned Action Plan proves a principal program of activity of the national system of counteraction to incomes obtained in illegal way, which is to secure introduction of joint coordinated measures of the state bodies and financial institutions during the next year to abate risks in the economic and financial system of the country in the domain of money laundering and financing terrorism.

At this, the Head of State Financial Monitoring Committee stressed the issue acquired peculiar concern under expanding financial crisis conditions which requires from the state bodies additional joint effective measures, which are envisaged by the combined decision of the Government of Ukraine and the National Bank of Ukraine.