During his working visit to the USA, Minister of Finance of Ukraine Oleksandr Danyliuk met Deputy Director of FinCEN Jamal El-Hindi.
The parties discussed current issues related to the cooperation of FinCEN with Ukrainian state agencies and possible areas for future cooperation.
Jamal El-Hindi stated that FinCEN is satisfied with its cooperation with Ukraine, especially with the State Financial Monitoring Agency.
He also said that he will be closely watching the establishment of the Financial Investigation Service in Ukraine (FIS), which shall be a united body to fight financial crimes against the state. Special attention during the meeting was paid to the interaction between the FIS and other state agencies, especially the State Financial Monitoring Agency, which is needed to ensure effective investigations.
Also, Jamal El-Hindi stated that his agency is ready to support Ukraine in establishing this new effective state body.
Previously, the Ministry of Finance of Ukraine also agreed the organization of trainings for the future employees of the FIS which will be supported by the US Bureau of International Narcotics and Law Enforcement Affairs as well as by the Ministry of Finance of Italy.
The Financial Crimes Enforcement Network (FinCEN) – is a network reporting to the US Treasury whose task is to fight and prevent crimes committed with the aim of money laundering. FinCEN analyzes data provided by financial organizations regarding the assets and activities of suspicious entities and persons.
FinCEN operates at the national and international level and ensures cooperation between law enforcement agencies, regulators and financial institutions to consolidate their efforts in fighting against money laundering.