On September 21, 2026, a criminal organization was uncovered in Ukraine that was involved in laundering money through a network of conversion centers. According to law enforcement, the monthly turnover of these centers was nearly 500 million UAH.
How the Conversion Center Operated
The criminal organization established a network that had been operating since 2023. Approximately 23.5 billion UAH passed through these conversion centers. The main goal was to evade tax payments, which resulted in potential budget losses of around 3 billion UAH.
Law Enforcement Actions
As a result of the operation, millions of hryvnias in cash were seized, and several individuals involved in the organization were arrested. Law enforcement continues to investigate to identify all participants in the scheme and prevent further tax evasion.