May.26, 2010

KIEV, May 25 – President Viktor Yanukovych has signed new wording of the law on amendments to some Ukrainian laws preventing money laundering and financing terrorism.

The law is aimed at protecting the rights and legal interests of citizens and the state through setting up a legal mechanism for the prevention of money laundering and financing terrorism. It also sets up mechanisms for the provision of analytical information from various sources, which will aid the Ukrainian and foreign law-enforcement bodies in unveiling, checking and investigating crimes linked to money laundering and other illegal financial transactions.