September 23 2019
Operatives of the SBU Security Service of Ukraine have halted the activities of a Kyiv-based money laundering center with a total turnover of over US$1 billion a year. “The culprits carried out financial transactions using a number of fictitious enterprises to illegally cash out funds to evade the tax burden and withdraw money to the ‘shadow’ sector of the economy. Among the ‘customers’ were representatives of commercial structures of the real sector of the economy in Kyiv region and a number of state-owned enterprises,” the SBU press service said on September 23.
