BEB exposed a large-scale network of conversion centers: UAH 23.5 billion passed through it

The Bureau of Economic Security of Ukraine has exposed and stopped the activities of an extensive network of conversion centers. According to the investigation, since 2023, about UAH 23.5 billion of shadow funds have passed through it, and the probable amount of tax evasion is about UAH 3 billion.

The results of the special operation were reported by the Director of the BEB Oleksandr Tsyvinskyi.

Transactions were carried out every month for almost UAH 500 million

According to law enforcement officers, the participants in the scheme carried out illegal financial transactions for the amount of about UAH 500 million every month.

The special operation was carried out under the procedural guidance of the Prosecutor General’s Office in three cities at once – Kyiv, Kharkiv and Odessa.

As part of the investigation, law enforcement officers simultaneously conducted 50 searches at the places of activity of the defendants. During the investigative actions, unaccounted cash worth millions of hryvnias was seized.

The key participants in the scheme have already been notified of suspicion.

Border guards and Cyberpolice were involved in the operation

The large-scale shadow network was exposed in cooperation between the BEB, the State Border Service and the Cyberpolice.

Law enforcement officers note that they plan to publish more detailed information about the organizers and the mechanism of the scheme later.

The investigation is ongoing.