Ukraine's effective recovery is impossible without a clear legal framework that is free from corrupt practices. Its creation is a key objective of the state to ensure the trust of investors and the public sector.
Serhii Hupiak, Deputy Head of the National Agency on Corruption Prevention (NACP), said this during a panel discussion at the FinSec25: Finance and Security in a Changing World conference in London.
"NACP is systematically working to eliminate corruption risks in the reconstruction sector. We have investigated common threats in the processes of compensation payments and reconstruction of destroyed facilities and developed recommendations, the implementation of which will help prevent corruption and financial crimes and ensure transparent business participation in the reconstruction process. This will contribute to the trust of international partners and donors in Ukraine's reconstruction system,” said Serhii Hupiak.
He emphasized that NACP also focuses on preventive anti-corruption mechanisms in other areas vulnerable to corruption. Measures to minimize corruption practices in these areas are presented in the State Anti-Corruption Program (“SACP”) for 2023-2025. The National Agency is already working on the SACP for 2026-2030. NACP has conducted strategic studies of corruption risks in the areas of reconstruction, public procurement, forestry, medical and social expertise, as well as during border crossing procedures. Currently, NACP experts are working on analyzing risks in the customs sector.
Participants of the panel discussion, which included representatives of NACP, the National Bank of Ukraine, the Centers for Financial Security (CFS) and Financial Integrity and The Office of the Sanctions Implementation Project against the Russian Federation of the United Kingdom's Royal United Services Institute (RUSI), also shared their experience in formulating and implementing anti-corruption policies, discussed how to ensure progress in strengthening financial integrity in times of war and the stability of the banking system, and focused on the interaction of law enforcement agencies in Ukraine and the UK in detecting and investigating corruption and financial crimes.
For more information: The Royal United Services Institute for Defense and Security Studies (RUSI) is a British think tank founded in 1831 that specializes in international security and military affairs.
The Center for Financial Security (CFS) at RUSI, established in 2014, specializes in the intersection of finance and global security. Its work covers a range of state and non-state security threats. The CFS works closely with the public and private sectors of Ukraine to strengthen Ukraine's ability to combat money laundering and financial crime. Over the past 3 years, the Center has been implementing the project “Supervision and Monitoring of Ukraine's Reconstruction Funds” (SMURF) in Ukraine. It aims to provide the necessary expertise and tools to improve financial monitoring in Ukraine.
