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The State Financial Monitoring Service of Ukraine told how they track suspicious transactions with cryptocurrencies


The State Financial Monitoring Service of Ukraine monitors the turnover of virtual assets using special software and other sources, said the head of the State Financial Monitoring Service Igor Cherkassky in an interview with Obozrevatel.

According to him, the department also receives information about suspicious transactions with digital currencies, which may be associated with money laundering or terrorist financing, from law enforcement agencies, foreign financial intelligence units, as well as providers of cryptocurrency-related services, including exchanges and exchangers.

The latter are subjects of primary financial monitoring and are obliged to inform about their suspicions, Cherkassky added.

“To date, we have handed over to law enforcement agencies nine materials with suspicion of money laundering using virtual assets. And this is just the beginning, ”he said.

The head of the State Financial Monitoring Service also said that Ukraine has become “one of the world’s pioneers who have extended anti-legalization legislation to activities related to the circulation of virtual assets.”

“But without a framework profile law, such regulation cannot be complete. Although everyone should understand that there are certainly tools for the work of financial intelligence, ”he added.

We will remind, at the beginning of last year it was reported that the State Financial Monitoring Service will be instructed to find out the sources of the origin of the cryptocurrency from the citizens of Ukraine.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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