Ukrainian law enforcement agencies have reported uncovering a cash conversion centre with a monthly turnover of nearly 500 million hryvnias. Since 2023, UAH 23.5bn has passed through these schemes.
This was reported by the Prosecutor General’s Office, and outlined by the Director of the Bureau of Economic Security, Oleksandr Tsyvinskyy.
According to the BES, tax evasion may amount to around UAH 3bn.
Fifty searches were carried out, including in Kyiv, Kharkiv and Odesa.
“We seized unaccounted cash worth millions of hryvnyas. Participants in the scheme have already been served with notices of suspicion,” the BES said.
They promised to publish all the details tomorrow.
The operation was carried out in partnership with the State Border Guard Service and the Cyber Police.