On 9–10 December 2025, a meeting of the Public–Private Partnership (PPP) Working Group on Combating Financial Crime in Ukraine was held in Warsaw. The event brought together more than 50 experts from Ukrainian banks, regulatory and law enforcement authorities, international partners, and the RegTech community.

The meeting was organized with the support of the Centre for Financial Stability (CFS) and the Countering Finance in Illicit Markets Programme (CFI), and was facilitated by the German Federal Foreign Office.
Piraeus Bank took part in the meeting. The Bank was represented by Liubov Lytovchak, Member of the Management Board of Piraeus Bank and Head of Compliance Control and Financial Monitoring.

Discussions focused on the most pressing financial crime challenges facing Ukraine, including the growing issue of money mules and the role of RegTech solutions in detecting and preventing such activities.
One of the key takeaways was the shared understanding that no single financial institution has a complete view of existing risks, making secure and structured information sharing between banks and public authorities critically important. Participants also discussed the potential creation of a national register of high-risk customers, emphasizing the need for clear legal safeguards to prevent misuse and unintended harm.

Special attention was given to the fact that the money mule phenomenon is a symptom of deeper structural issues, including the shadow economy and low levels of financial literacy. Young people remain particularly vulnerable, underscoring the importance of preventive and educational initiatives.

Participants agreed that RegTech solutions can significantly enhance the effectiveness of financial crime detection, provided they are supported by high-quality data, system interoperability, and clear legal frameworks.

Commenting on the discussion, Lyubov Lytovchak, Member of the Management Board of Piraeus Bank, noted:
“Effective countering of financial crime is only possible through close cooperation between the public and private sectors. Secure information sharing, modern technological solutions, and a clear regulatory framework are essential to protecting the financial system and strengthening trust in it.”

The meeting highlighted the importance of further developing public–private partnerships as a key element in strengthening Ukraine’s financial security.