Ukraine moves to restore anti-money-laundering safeguard that it quietly weakened, alarming EU and IMF
The IMF said the previous version pulled Ukraine out of global anti-money-laundering standards.
Ukraine's government has reinstated an anti-money laundering safeguard it had quietly weakened, alarming EU and IMF officials. The new law, No. 16051, extends financial monitoring of former high-profile officials for at least 12 months after they leave office. If risks persist, monitoring continues until the bank determines the risks no longer exist, requiring annual reassessments.
This follows a stealthy insertion of a weakened version into a digital-platform tax law in June, reversing the burden of proof and alarming the EU and IMF.
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