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MONEYVAL Criticizes Ukraine for Inadequate Anti-Terror Financing, Due Diligence
printUkraine's legal efforts to curb the funding of terrorism, including the prosecutions of terror financiers, fall short of international standards, a European anti-money laundering watchdog group said Monday. While Ukraine has made attempts to crack down on money laundering since a 2003 report by the Strasbourg, France-based MONEYVAL, the country has failed to criminalize terrorist financing in a singular law and has not yet instigated a investigation into the crime, said the organization in a 242-page evaluation. In the report, MONEYVAL also dinged Ukraine for not upgrading its customer due diligence procedures, specifically citing a lack of policies and procedures...
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