{"id":19706,"date":"2026-08-18T14:32:56","date_gmt":"2026-08-18T11:32:56","guid":{"rendered":"https:\/\/pravo.org.ua\/?post_type=analytical-materials&#038;p=19706"},"modified":"2026-08-20T09:53:39","modified_gmt":"2026-08-20T06:53:39","slug":"weekly-analysis-for-11-17-august","status":"publish","type":"analytical-materials","link":"https:\/\/pravo.org.ua\/en\/analytical-materials\/weekly-analysis-for-11-17-august\/","title":{"rendered":"Weekly analysis for 11 \u2014 17 August"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Sections<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pravo.org.ua\/en\/analytical-materials\/weekly-analysis-for-11-17-august\/#Ukraines_Accession_to_the_Single_Euro_Payments_Area%E2%80%A6_Through_Anti-Money_Laundering_Whistleblowers\" title=\"Ukraine\u2019s Accession to the Single Euro Payments Area\u2026 Through Anti-Money Laundering Whistleblowers\">Ukraine\u2019s Accession to the Single Euro Payments Area\u2026 Through Anti-Money Laundering Whistleblowers<\/a><\/li><\/ul><\/nav><\/div>\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ukraines_Accession_to_the_Single_Euro_Payments_Area%E2%80%A6_Through_Anti-Money_Laundering_Whistleblowers\"><\/span><strong>Ukraine\u2019s Accession to the Single Euro Payments Area\u2026 Through Anti-Money Laundering Whistleblowers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><em>Event<\/em><\/strong><\/p>\n\n\n\n<p>On 10 August, the Verkhovna Rada registered Draft Law \u2116<a href=\"https:\/\/itd.rada.gov.ua\/billinfo\/Bills\/Card\/70496\"> 15501<\/a> \u201cOn Amendments to the Code of Ukraine on Administrative Offences and the Criminal Code of Ukraine to Ensure Compliance with European Union Law and the Relevant Criteria Established by the European Payments Council for Ukraine\u2019s Accession to the Single Euro Payments Area (SEPA)\u201d (the \u201cDraft Law\u201d).<\/p>\n\n\n\n<p>The Draft Law proposes, inter alia, the following amendments:<\/p>\n\n\n\n<p>&#8211; to Article 41 of the Code of Ukraine on Administrative Offences (\u201cViolation of Labour and Occupational Health and Safety Legislation\u201d) by introducing administrative liability for retaliating, or threatening to retaliate, against an employee responsible for conducting financial monitoring within an obliged entity in connection with the employee\u2019s submission of information pursuant to anti-money laundering legislation or reporting violations of legislation on the prevention and counteraction of money laundering;<\/p>\n\n\n\n<p>&#8211; to Article 166-9 of the Code of Ukraine on Administrative Offences (\u201cViolations of Legislation on the Prevention and Counteraction of Money Laundering, Terrorist Financing, and the Financing of the Proliferation of Weapons of Mass Destruction\u201d) by introducing liability for the use of information concerning a whistleblower who reports violations of anti-money laundering legislation;<\/p>\n\n\n\n<p>&#8211; to Article 172 of the Criminal Code of Ukraine (\u201cGross Violation of Labour Legislation\u201d) by introducing liability for dismissing an employee responsible for conducting financial monitoring within an obliged entity in retaliation for submitting information pursuant to anti-money laundering legislation or reporting violations of legislation on the prevention and counteraction of money laundering.<\/p>\n\n\n\n<p><strong><em>CPLR\u2019s position<\/em><\/strong><\/p>\n\n\n\n<p>Ukraine must fulfil a number of commitments to secure financial assistance from international partners, including under the EU\u2019s Ukraine Facility, which provides for EUR 50 billion in EU support over 2024\u20132027. Among these commitments are meeting the conditions for Ukraine\u2019s accession to the Single Euro Payments Area (SEPA) and ensuring that Ukraine\u2019s financial monitoring framework is aligned with EU requirements.<\/p>\n\n\n\n<p>SEPA is an integrated euro payments market covering 41 countries, including EU candidate countries. Five EU candidate countries \u2014 Albania, Moldova, North Macedonia, Serbia, and Montenegro \u2014 have already joined SEPA. Accession to SEPA will enable Ukrainian banks, businesses, and individuals to make euro transfers more quickly, securely, and at significantly lower cost than at present, directly contributing to the development of foreign trade, capital flows, investment, and financial inclusion.<\/p>\n\n\n\n<p>The Draft Law is intended to bring Ukrainian legislation into line with the requirements of Directive (EU) 2015\/849 of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648\/2012 of the European Parliament and of the Council, and repealing Directive 2005\/60\/EC of the European Parliament and of the Council and Commission Directive 2006\/70\/EC. Specifically, it addresses the requirements of:<\/p>\n\n\n\n<p>&#8211; Article 38, which requires Member States to provide legal protection against threats, retaliation, or hostile action to persons, including employees and representatives of obliged entities, who report suspected money laundering or terrorist financing internally or to a financial intelligence unit. Such protection must cover adverse or discriminatory measures in the workplace;&nbsp;<\/p>\n\n\n\n<p>&#8211; Article 61, which requires protection mechanisms to include, at a minimum, appropriate protection for employees <em>or individuals in a comparable position<\/em> within obliged entities who report breaches committed within the obliged entity.<\/p>\n\n\n\n<p>The Draft Law also incorporates the requirements of Directive (EU) 2019\/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law. The Directive adopts a broad definition of a whistleblower, covering any person who, during their professional activities, reports information concerning breaches of EU law in a range of key areas specified in the Directive, including the prevention of money laundering and terrorist financing. This is broader than the approach under current Ukrainian legislation, which limits the concept of a whistleblower primarily to persons reporting corruption-related violations.<\/p>\n\n\n\n<p>At the same time, the Draft Law fails to account for the fact that the term \u201cemployee\u201d used in Articles 41 of the Code of Ukraine on Administrative Offences and 172 of the Criminal Code does not cover a person with the legal status of a \u201cservice member\u201d, who may be considered persons in a position comparable to that of an employee. Depending on their position, military personnel may likewise be responsible for conducting financial monitoring within an obliged entity and may be required to submit relevant information or report violations of anti-money laundering legislation.<\/p>\n\n\n\n<p>The Draft Law is closely related to Draft Law \u2116<a href=\"https:\/\/itd.rada.gov.ua\/billinfo\/Bills\/Card\/69818\"> 14327-d<\/a>, a 100-page bill that has been pending consideration by the Verkhovna Rada since 6 April 2026 and likewise seeks to bring Ukrainian legislation into line with EU law and the relevant criteria established by the European Payments Council as part of Ukraine\u2019s accession to the Single Euro Payments Area (SEPA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukraine\u2019s Accession to the Single Euro Payments Area\u2026 Through Anti-Money Laundering Whistleblowers Event On 10 August, the Verkhovna Rada registered Draft Law \u2116 15501 \u201cOn Amendments to the Code of [&hellip;]<\/p>\n","protected":false},"featured_media":19707,"template":"","categories":[188,326,346],"authors":[],"source":[],"analytics":[400],"class_list":["post-19706","analytical-materials","type-analytical-materials","status-publish","has-post-thumbnail","hentry","category-prevention-of-corruption","category-european-integration","category-criminal-law","analytics-weekly-analytics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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