
Ukraine needs more than a leadership shake-up to fight financial crime
The recent shake-up at the State Financial Monitoring Service of Ukraine (SFMS), responsible for combating money laundering and terrorist financing, has drawn mixed reactions. Some see it as a step toward fighting corruption and financial crime, while others view the changes with caution, uncertain about the motivations behind the overhaul.
But personnel changes, however symbolic, aren’t the answer to systemic problems. Ukraine’s financial system faces deeper challenges: an underutilized public