Daily Tax Report: International

Ukraine Gazettes Law Amending Anti-Money Laundering Regime Under EU Directive

Jan. 6, 2020, 7:10 PM

The Ukrainian Official Gazette Dec. 28, 2019 published a law amending the anti-money laundering and counter-terrorism financing regime to comply with EU directives. The law includes measures: 1) strengthening the beneficial ownership disclosure requirements; 2) enhancing due diligence measures for corporate-level risk analysis; 3) enhancing data protection and recordkeeping rules; and 4) amending the penalty regime for violation of the disclosure requirements. The law enters into force and generally takes effect April 28. [Ukraine, Government Legal Database, 12/28/19]

View Law No. 361-IX of 12/06/19, Official Gazette. View Announcement for Law No. 361-IX of 12/06/19, Official Gazette. View...

To read the full article log in. To learn more about a subscription click here.