The summit brought together 40 representatives from the public and private sectors in Ukraine, alongside international experts, for a meeting in Warsaw. Our discussions centred on building trust—a critical foundation for effective public-private partnerships in AML/CFT.

What is the current status of PPPs in Ukraine? Initiatives like the Electronic Cabinet of the Financial Monitoring System (E-Cabinet) and the Digital Finance Ukraine Hub aim to enhance information sharing between public and private sectors, involving law enforcement and other stakeholders. While the banking sector is relatively well-prepared for such cooperation, it is essential to include and strengthen DNFBPs (Designated Non-Financial Businesses and Professions) and law enforcement agencies in these efforts.

Ukraine faces challenges similar to those encountered by other countries. Initiatives such as the UK’s Joint Money Laundering Intelligence Taskforce (JMLIT), Lithuania’s Center of Excellence in Anti-Money Laundering, and Poland’s PPP model—all of which began with open dialogue—provide valuable examples for Ukraine.

As Ukraine prepares for its next MONEYVAL evaluation, strengthening PPPs can significantly enhance the effectiveness of its AML/CFT measures. Meeting participants highlighted virtual assets and their legalisation as critical areas where PPPs can play a vital role in building understanding and addressing key challenges.

The conference report will be published soon – stay tuned.