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Ukraine Likely to Pass, Not Enforce, AML Law in Early 2010
By Colby Adams
printThe Ukrainian government is likely to pass anti-money laundering legislation in 2010 to avoid inclusion on an international blacklist, but will do little to enforce the laws, according to analysts. Nearly 400 Ukrainian lawmakers approved a measure in November that would create a new government agency to monitor and store financial transaction data. The bill is intended to bring the country in line with anti-money laundering (AML) standards set by the Financial Action Task Force (FATF), the country's financial intelligence unit (FIU) said on Nov. 6. As recently as Dec. 9, the bill's chances seemed doubtful following the decision by...
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