Uncovering of an Illegal Financial Scheme in Ukraine
The Security Service, in collaboration with the prosecution, has uncovered a significant scheme for legalizing illegal finances in Ukraine. According to the investigation, from 2023 to 2025, the participants «laundered» over 1.5 billion UAH, most of which was obtained through budgetary fraud.
As a result of operational actions, the organizer of the scheme was detained – a former deputy head of the State Fiscal Service of Ukraine, who, masquerading as a lawyer, created a «conversion center».
The investigation found that he involved four accomplices, including two accountants and the head of a company that dealt with the legalization of illegal profits.
Among the clients of the «conversion center» were businessmen who provided services to government institutions and attempted to misappropriate state funds.
To obscure their actions, the criminals created numerous fictitious companies that were not engaged in any real business activities.
To implement their plans, the participants rented an office in Kyiv, where they met with clients and stored documentation.
During searches of the organizer and his accomplices, cash obtained through illegal means, stamps of fictitious companies, bank cards, computer equipment, and documents evidencing the scheme were found.
Currently, all five participants have been detained. They are expected to be charged under two articles of the Criminal Code of Ukraine:
- part 3 of article 212 (evasion of tax payments);
- part 3 of article 209 (legalization (laundering) of property obtained by criminal means).
The perpetrators face up to 12 years of imprisonment with the possibility of asset confiscation. The operation was carried out by the staff of the Main Department of the SBU in Kyiv and the Kyiv region with the assistance of the State Tax Service and the State Financial Monitoring Service of Ukraine under the guidance of the Pechersk District Prosecutor's Office.
