Updated Guidance to Financial Institutions on Recent Events related to the Departure of Victor Yanukovych and Other Ukrainian Officials

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FIN-2014-A002 March 6, 2014

1. See FinCEN (February, 2014) Advisory FIN-2014-A001: “Guidance to Financial Institutions on Recent Events related to
   the Departure of Victor Yanukovych and Other Ukrainian Officials.”
2. For updated information on developments concerning the administration of Victor Yanukovych,
   see http://travel.state.gov/content/passports/english/alertswarnings/ukraine-travel-warning.html and http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/EN/foraff/141110.pdf.
3. See Council Regulation (EU) No 208/2014 of 5 March 2014 available at
   http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2014:066:0001:0010:EN:PDF.
4. See Freezing Assets of Corrupt Foreign Officials (Ukraine) Regulations (SOR/2014-44): entered into force on March 5, 2014.
   Updated Guidance to Financial Institutions on Recent Events related to the Departure of Victor Yanukovych and Other Ukrainian Officials The Financial Crimes Enforcement Network (FinCEN) is updating a previously issued Advisory to provide U.S. financial institutions with current information regarding persons who have been subject to sanctions and asset freezes because of their apparent role in the misappropriation of state assets or instability in Ukraine. On February 26, 2014 FinCEN issued an advisory1 to remind financial institutions of their responsibility to take reasonable, risk-based steps regarding the potential suspicious movement of assets related to Viktor Yanukovych departing Kyiv and abdicating his responsibilities and other senior officials resigning from their positions or departing Kyiv.2 On March 3, 2014 the government of Ukraine announced that it had initiated criminal proceedings against a number of former Ukrainian officials or close associates of former Ukrainian officials. On March 5, 2014, the European Union, based on information from Ukraine’s Prosecutor General, issued a Council Regulation requiring the European Union to freeze the funds and economic resources of various former Ukrainian officials and their close associates.3 Additionally, the government of Canada has taken similar action against the same individuals.4 The measures being taken against these former Ukrainian officials and their close associates increase the risk that they will seek to move their assets in a deceptive fashion. To help mitigate this risk, this advisory provides the names and identifying information of those that are subject to the mentioned European Union and Canadian sanctions. The list is as follows:
5. Viktor Fedorovych Yanukovych: born on 9
   July 1950, former President of Ukraine.