KYIV, Feb 1 – The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) recognized Ukraine as a reliable country in combating money laundering, the National Bank of Ukraine (NBU) reported.

According to the NBU, MONEYVAL released a report on the results of the fifth round of assessment of Ukraine on January 30.

The report says the Ukrainian authorities have demonstrated a substantial level of effectiveness in money laundering and financing terrorism risk understanding and domestic co-ordination to combat money laundering, financing terrorism, and the financing of proliferation of weapons of mass destruction and do need any special intervention by MONEYVAL and FATF.