In response to a request from the Ministry of Finance of Ukraine, the PGG project supported the development of AML/CFT regulation for Designated Non-Financial Businesses and Professions under the Ministry’s supervision. From April to July 2020, the project worked with the Ministry to prepare an analysis of risk factors that the real estate agents, auditors, accountants and tax advisors are exposed to in Ukraine. The analysis was supplemented by examples of supervisory approaches in other jurisdictions. The project’s recommendations will assist the Ministry in identifying the structure and content of its AML/CFT regulation and facilitate the planning and implementation of the risk-based supervision.

The activity is part of the EU/CoE Partnership for Good Governance (PGG) Project “Strengthening measures to counter money laundering and financing of terrorism in Ukraine”.