Money laundering outside the customs border of Ukraine totaling almost 1.6 million Euros was exposed

Press service of the State Tax Service of Ukraine, published 12 November 2020 at 16:49 Chapter: News

Tax specialists exposed facts of illegal underestimation of the real value of exported raw materials for the production of oak barrels.

Tax specialists of the Anti-money laundering department of Main Directorate of the STS in Volyn region jointly with Main Directorate of the SFS in Volyn region in the course of processing suspicious financial operations established application of the concealment of taxation object mechanism. Such actions were carried out due to unreliable declaration (understatement of value) of exported products. Herewith, an account of a resident of Ukraine – individual in a bank in Poland was used to transfer difference between the real and undervalued value of goods totaling almost 1.6 million Euros, which is equivalent to 43.6 million UAH.

Based on these materials, criminal proceeding under Part 3 Article 212 and Article 209 of the Criminal Code of Ukraine has been registered in the Unified Register of Pre-trial Investigations.