The State Financial Monitoring Service has recorded nearly 200 billion hryvnias in suspicious transactions: which violations are most common
14 July 19:25
The State Financial Monitoring Service of Ukraine reported, based on the results of the first half of 2026, that it had received 1,368 reports of suspicious financial transactions, which were forwarded to law enforcement agencies—a threefold increase compared to the same period last year. This is stated in a publication on the agency’s website, according to "Komersant Ukrainian".
“The total amount of such transactions, which may be linked to money laundering and other criminal offenses, is 194.2 billion hryvnia, more than double the figure for the first half of last year,” — the statement reads.
According to the published data, one of the key areas of focus for financial intelligence has been the detection of transactions related to the embezzlement of budget funds and corruption offenses.
From January through June 2026, the State Financial Monitoring Service forwarded 269 such cases to law enforcement agencies, totaling 47.7 billion hryvnias. ““A record number of cases involving money laundering, embezzlement of budget funds, tax crimes, and financing of the aggressor state have been referred to law enforcement agencies,” the statement said.
The agency added that efforts to combat tax-related criminal offenses have intensified. In the first half of this year, nearly 500 cases were prepared related to possible tax evasion schemes and the legalization of shadow income, with the total value of transactions in these cases amounting to 114.5 billion hryvnias.
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A separate area of the agency’s work is combating the use of “fronts”—individuals whose bank accounts are used for illegal financial transactions. Over the past six months, the State Financial Monitoring Service has investigated more than 24,000 accounts at 25 banks and one non-bank financial institution, identifying more than 12,000 individuals showing signs of acting as “drops.” The total amount of financial transactions potentially linked to these schemes exceeded 18.5 billion hryvnias.
“In addition, between January and June 2026, the State Financial Monitoring Service referred 36 cases to law enforcement agencies concerning possible terrorist financing, collaborationist activities, the Russian Federation’s armed aggression against Ukraine, and violations of sanctions legislation,” — the statement reads.
As previously reported, the leadership of the State Financial Monitoring Service, together with the heads of the Ministry of Finance, the State Tax Service, the State Migration Service, and the Bureau of Economic Security (BES), is part of the Interagency Working Group (IWG) on the de-shadowing of the economy. The group’s goal is to implement systemic solutions to prevent abuse, counteract the artificial fragmentation of businesses, and expand the tax base, while ensuring additional revenue for the state budget without increasing pressure on responsible entrepreneurs.
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