Tasks and functions

Main tasks of the Department are:

1. Participation in implementation and improvement of a Comprehensive system for combating money laundering through the implementation of laws, decrees and orders of the President of Ukraine, resolutions of the Verkhovna Rada of Ukraine, acts of the Cabinet of Ministers of Ukraine other normative legal acts and regulatory documents of the STS;

2. Organization of work in the STS’s bodies on identification, analysis and verification of financial transactions that may be related to the legalization (money laundering) of proceeds obtained through crime or the financing of terrorism in the STS’s bodies.

Main functions of the Department are:

1. Taking measures to identify, analyze, organize and conduct audits of individuals who carry out financial transactions that may be related to the legalization (money laundering) of proceeds obtained through crime or the financing of terrorism;

2. Ensuring implementation of Agreements on the automatic information exchange regarding financial accounts (FATCA and CRS) with competent authorities of other states;

3. Organization of work on the comprehensive development of economic entities according to the branch principle;

4. Implementation of measures to ensure implementation of decisions adopted according to the law on the application of special economic and other restrictive measures (sanctions) to taxpayers, including as urgent measures to resolve crisis situations that threaten the national security of Ukraine.