NBU fined Ukrsotsbank for cash without check

НБУ оштрафовал Укрсоцбанк за выдачу наличных без проверки

The NBU also issued a written warning Ukrsotsbank

The regulator punished Ukrsotsbank for the issuance of more than a billion hryvnia in cash without due diligence.

The national Bank of Ukraine has imposed on Ukrsotsbank penalty of 30,45 mln hryvnia. About it reports Interfax-Ukraine with reference to the data controller on Monday, December 3.

It is noted that the financial institution is punished for the financial transactions of cash funds in the amount of more than one billion hryvnia in cash on the basis of documentation with signs of fictitiousness or even without any supporting documents.

The national Bank also issued the Bank a written warning, including for violation of requirements on identification, verification and study of the Bank’s customers, public officials, their relatives or related entities.

NBU also fined Odesa Misto Bank by 4.23 million UAH for the implementation of risky activities in the sphere of financial monitoring in respect to client operations.

The Bank, in particular, was regularly accompanied by operations to cash funds in amounts that are ten times higher than claimed by the customers income, and transfer operations on the accounts of legal entities with signs of fictitiousness of funds from the client’s account, which was obtained through operations of purchase and sale of securities, issuers of which appear in criminal proceedings as issuers of “junk” securities.

In addition, the national Bank Misto Bank issued a written warning for not providing detection of financial transactions subject to financial monitoring.

Measure impact in the form of a written caution has been applied in respect of the Raiffeisen Bank Aval. The reason was failure to comply with duties to carry out primary financial monitoring of transactions, participants or beneficiaries which are public figures, their relatives or related persons. in the order, determined for clients of high risk.

Last week it became known that solvent banks of Ukraine for January-October of 2018 received 14.8 billion hryvnias of profit. This is seven times more compared to the same period of the previous year.

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