The Resilience and Integrity of the Financial System in Ukraine

In February 2024, the Centre for Financial Crime and Security Studies (CFCS) at RUSI convened an online workshop entitled ‘The Resilience and Integrity of the Financial System in Ukraine: Two Years after Russia’s Full-Scale Invasion’. As Ukraine continues its commitment to strengthening anti-money laundering (AML) efforts and implementing EU reforms, it recognises the significance of preparing for the upcoming enhanced follow-up procedure and 6th round of the MONEYVAL mutual evaluation, the regional body of the Financial Action Task Force (FATF) to which the country belongs. In light of this, the virtual workshop addressed key issues crucial for ensuring Ukraine’s readiness for the assessment. The workshop forms part of CFCS’s Supervising and Monitoring Ukraine’s Reconstruction Funds (SMURF) project, supported by the National Endowment for Democracy.

The workshop, held under the Chatham House Rule, gathered representatives from key Ukrainian financial institutions and relevant authorities, including the State Financial Monitoring Service of Ukraine, the Ministry of Finance of Ukraine, the Prosecutor General’s Office, the Ministry of the Digital Transformation of Ukraine and others.

This report, and the Ukrainian translation of this available below, summarises the main findings of the workshop.