By Clause 67, Part 1, Art. 1 of the Law of Ukraine dated 06.12.2019 No. 361-IX “On Prevention and Counteraction of Legalization (Laundering) of Proceeds of Crime, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction” financial transactions subject to financial monitoring – threshold financial transactions, suspicious financial transactions (activity). At the same time, financial transactions are a threshold if the amount for which each is carried out is equal to or exceeds UAH 400,000. (for business entities that conduct lotteries and gambling – 55 thousand hryvnias) or is equal to or exceeds the amount in foreign currency, bank metals, other assets equivalent to the official exchange rate of the hryvnia to foreign currencies and bank metals 400 thousand hryvnias at the time of the financial transaction (for business entities that conduct lotteries and/or gambling – UAH 55,000), in the presence of one or more of the following signs:
♦ financial transactions in the event that at least one of the parties – participants in the financial transaction has the appropriate registration, place of residence or location in a state (jurisdiction) that does not fulfill or improperly fulfills the recommendations of international, intergovernmental organizations involved in the fight against legalization ( money laundering) of proceeds obtained through criminal means, financing of terrorism or financing of the proliferation of weapons of mass destruction (including a diplomatic mission, embassy, consulate of such a foreign state), or one of the parties – participants in a financial transaction is a person who has an account in a bank registered in the specified state (jurisdiction);
♦ financial transactions of politically significant persons, their family members and/or persons related to politically influential persons;
♦ payment operations for the transfer of funds abroad (including to the states classified by the Cabinet of Ministers of Ukraine as offshore zones);
♦ financial transactions with cash (part one of Article 20, Chapter III of Law No. 361).