The Council of Europe national and international experts contributed to the conference on "Transparency of ultimate beneficial ownership: lessons and prospects", initiated by the State Financial Monitoring Service of Ukraine and attended by representatives of Ukrainian public authorities included in the national anti-money laundering and counter terrorist financing system, and the private sector.
The conference focused on current issues of data verification and ultimate beneficial owners, as well as pathways to increase the efficiency of the disclosure regime, which ensures the transparency of ownership. Particular emphasis was placed during the discussion on identifying hidden vehicles of control and abuse of corporate mechanisms for the purpose of preventing and combating illicit financial flows, tax evasion, corruption, money laundering and terrorist financing.
This event is particularly important in light of the upcoming launch of the mechanism for updating data on ultimate beneficial owners and ownership structures in Ukraine.
This conference was organised within the framework of the project “Strengthening measures to counter money laundering and the financing of terrorism in Ukraine”, funded jointly by the European Union and the Council of Europe and implemented by the Council of Europe in their Partnership for Good Governance II.
