Tax specialists exposed money laundering scheme totaling more than 68 million UAH

Press service of the State Tax Service of Ukraine, published 15 January 2021 at 11:39 Chapter: News

Tax specialists of Odessa region jointly with employees of Odessa regional Prosecutor’s office exposed withdrawal of state funds totaling more than 68 million UAH into the shadow market and possible illegal provision of tax benefits through unjustified formation of the VAT tax credit to enterprises of the real sector of economy.

In addition, specialists of the Anti-money laundering department of Main Directorate of the STS identified financial operations with signs of money laundering, including the transfer of funds to non-residents’ accounts without actually importing goods and materials to the territory of Ukraine and receiving repayable interest-free financial assistance.

Materials were handed to the law enforcement body for decision-making within the Criminal Procedural Code of Ukraine.

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