How lawyers subject to financial monitoring should report to the Ministry of Justice - clarification of the BCU

Advocacy
17:30 Fri 15.12.23 125 Reviews
Print

Attorneys, law firms and associations, in cases where they are specially designated subjects of primary financial monitoring, must submit reports to the relevant interregional departments of the Ministry of Justice of Ukraine.

During its meeting on December 15, the Bar Council of Ukraine approved an information letter on the need for lawyers, law firms and law associations (specially designated subjects of primary financial monitoring) to submit a report to the relevant interregional department of the Ministry of Justice of Ukraine by the 11th day after the reporting period.

The need to inform advocates was emphasized by Valentyn Gvozdiy, the Vice President of UNBA, BCU, who prepared the draft document.

He reminded that the issue of attributing attorneys to the subjects of primary financial monitoring is regulated by the Law of Ukraine «On Prevention and Counteraction to Legalization (Laundering) of Proceeds of Crime, Terrorist Financing and Financing of the Proliferation of Weapons of Mass Destruction».

On June 17, 2022, the Ministry of Justice of Ukraine issued Order No. 2522/5 «Some Issues of Formation of Administrative Reporting by the Ministry of Justice of Ukraine as a Subject of State Financial Monitoring in the Field of Prevention and Counteraction to Legalization (Laundering) of Proceeds of Crime, Terrorist Financing and Financing of Proliferation of Weapons of Mass Destruction», which approved the reporting form No. 1-finmon (annual) and the Instructions for filling out and submitting this reporting form.

The approved information letter contains detailed recommendations for filling out and submitting this reporting form N 1-finmon by lawyers, attorneys and attorneys-at-law who are subjects of primary financial monitoring. The document can be found at the link.

Popular news

Advocacy

Legal fees: how much do lawyers pay abroad

In all countries, advocates pay contributions to ensure the implementation of bar self-government in one way or another. Sometimes they are higher, sometimes lower. Sometimes it depends on the region or the length of service of the advocate. Some bar associations introduce the possibility of installments.

16:00 Mon 08.01.24 108

Advocacy

Financial monitoring: when a lawyer must submit reports to the Ministry of Justice

Attorneys, law firms and law associations become specially designated subjects of initial financial monitoring only when they support certain transactions. Therefore, they must ensure the organization and conduct of initial financial monitoring.

17:00 Mon 25.12.23 120

Advocacy

Problems of the FLA system were discussed by the Ombudsman

Due to the lack of control established by law, the quality of legal aid provision in the country is gradually declining. And experienced lawyers lose motivation to cooperate with the FLA system.

19:00 Tue 19.12.23 130

Advocacy

The circle of FLA recipients should be expanded, - BCU

Although the UNBA Committee on Legal Aid has consistently advocated for narrowing the list of persons entitled to free legal aid, there is one category of citizens in Ukraine who are unreasonably restricted in their right to receive such aid.

18:15 Fri 15.12.23 147

Advocacy

How lawyers subject to financial monitoring should report to the Ministry of Justice - clarification of the BCU

Attorneys, law firms and associations, in cases where they are specially designated subjects of primary financial monitoring, must submit reports to the relevant interregional departments of the Ministry of Justice of Ukraine.

17:30 Fri 15.12.23 126

Advocacy

Advocate's fee in 2024: BCU reminded the amount

The annual contribution to ensure the implementation of the bar self-government is traditionally tied to the amount of the subsistence minimum for able-bodied persons established as of January 1 of the relevant calendar year.

17:00 Fri 15.12.23 191

Advocacy

There are 47 thousand active lawyers in Ukraine

Today, we have 41713 attorneys registered in the electronic office on the website of the Ukrainian National Bar Association.

16:00 Fri 15.12.23 174

Advocacy

Lidiya Izovitova outlined the key problems of the Bar in 2023

The current year is not exactly favorable to lawyers and the bar. And, unfortunately, there is no reason to hope for a quick end to the troubles that became particularly acute on February 24 last year.

15:00 Fri 15.12.23 151

Надішліть файл із текстом публікації у форматі *.doc, фотографію за тематикою у розмірі 640х400 та Ваше фото.

Оберіть файл