Enterprises with fictitiousness signs that carried out operations totaling 2.8 billion UAH at securities market were exposed

Specialists of Anti-money Laundering Department of the State Tax Service of Ukraine jointly with specialists of National Securities and Stock market Commission of Ukraineand Chief Investigation Department of the Security Service of Ukraine exposed illegal activity at securities market.

Group of companies, namely legal entities – professional participants at securities market was identified within the framework of interdepartmental working group created by the STS and the NSSMC to prevent the misuse of capital market and combat money laundering, in close cooperation with the Chief Investigation Department of the Security Service of Ukraine.

These legal entities from fictitious investment funds issued fictitious loans to related companies with fictitiousness signs, provided services to the real sector of economy to withdraw funds from the enterprises’ turnover, its conversion and legalization of proceeds from crime. Total volume of such operations hasamounted more than 2.8 billion UAH for 2019 – 2020.

As a result of taken measures and a number of investigative (search) actions, the National Securities and Stock market Commission of Ukrainebased on the audit materials made a decision as of29.09.2020 to ban trading securities of “Portfolio investments” and “Novitnitekhnolohiy” LLC “KUA “Prudent”.

Currently, the Anti-money Laundering Department of the STS is carrying out further processing of enterprises of the real sector of economy which used services of illegal activities of the specified group of companies.