Ukraine’s efforts against money laundering since the Russian invasion in February 2022

Authors

  • Alexander Blümel Ministry of Foreign Affairs of Ukraine, Ukraine

DOI:

https://doi.org/10.18523/kmlpj303155.2023-8-9.44-58

Keywords:

Anti-Money Laundering, Compliance, Russian Invasion, Money Laundering prevention, Terrorism Financing, Financial Intelligence

Abstract

The shifting environment of money laundering, exacerbated due to the war, calls for scrutiny of Ukraine's reaction to this fundamental challenge. This paper thus helps widen the knowledge about how Ukraine is trying to fight against money laundering and protect financial system integrity by shedding light on legislative transformations and their results in a much more complex geopolitical setting. Therefore, it provides an overview about the main elements of Ukrainian anti- money laundering policy and an analysis of reforms passed in this sphere of law since the full-scale invasion of Russia into Ukraine 2022. It focuses on the main changes of legislature in terms of anti-money laundering and terrorism financing prevention as well as first identifiable results of the new legislatorial and executive changes.

Author Biography

Alexander Blümel, Ministry of Foreign Affairs of Ukraine

Alexander Blümel is advisor to the Ministry of Foreign Affairs of Ukraine at the Consulate General of Ukraine in Hamburg (Germany), where he is in charge of strategic communication and attraction of foreign investments as well as regional cooperation. He studied at Bucerius Law School Hamburg, Kent College of Law Chicago as well as Ivano-Frankivsk National Technical University of Oil and Gas and holds degrees in law and economics.

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Published

2023-12-30

How to Cite

Blümel A. (2023). Ukraine’s efforts against money laundering since the Russian invasion in February 2022. Kyiv-Mohyla Law and Politics Journal, (8-9), 44–58. https://doi.org/10.18523/kmlpj303155.2023-8-9.44-58

Issue

No. 8-9 (2023): Kyiv-Mohyla Law & Politics Journal

Section

Articles

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Copyright (c) 2023 Alexander Blümel

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