Implementation of state anti-corruption and anti-money laundering policy in the EU member states

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Money laundering schemes are continually evolving, necessitating that public authorities stay updated and implement advanced measures to combat corruption. This monograph illustrates how Ukraine can enhance its adherence to FATF recommendations, improve state regulation mechanisms, and monitor financial activities more effectively. It introduces a new approach to anti-corruption strategy, advocating for streamlined methods within government using a risk-based approach. By comparing practices in EU countries, the work offers recommendations to bolster Ukraine's anti-money laundering and corruption policies. Corruption is pervasive in Ukrainian public administration, eroding public trust in government and the judicial system, with Ukraine ranking 130th out of 180 countries in international corruption comparisons. Despite having a legal framework that aligns with FATF requirements and implementing measures under the Council of Europe’s Moneyval monitoring mechanism, challenges remain. The National Bank of Ukraine has made strides in risk-based banking supervision and transparency regarding beneficial ownership. However, money laundering via shell companies persists, and the criminal justice system is still heavily influenced by corruption. The inefficacy of cross-border prosecution and the absence of clear legislation on responsibilities hinder the fight against money laundering, compounded by a lack of confiscation orders that o