SBU: Money Laundering Operation Broken Up in Kyiv

The Security Service of Ukraine (SBU) together with the State Financial Monitoring Service of Ukraine and police claim to have stopped the activities of a front which laundered more than ₴1 billion in 2014–2016. The SBU reported that the front provided services for laundering money and creating artificial tax credits for VAT refunds.

The clients of the front operation included over 400 companies in Kyiv and Kyiv oblast, including several state-owned companies. Law enforcement officers arrested two people who organized the front at a gas station on the way out of Kyiv with ₴1.3 million for one of their clients in their possession.

After searching the cars and the office of the front the officers found another ₴2 million, $10,000, bank cards, four laptops with Internet banking programs, flash drives, mobile phones with proof of carrying out illegal financial operations, stamps of about 20 fictional companies involved in the activities of the front, and firearms.

An investigation is underway.

Source: Ukrayinska Pravda