The National Bank of Ukraine (NBU) applied measures of influence to three banks in February due to the violation of legislation in the field of financial monitoring, the central bank’s press service reported.
“The National Bank of Ukraine, following inspections on preventing and countering the legalization (laundering) of proceeds of crime, terrorist financing and financing of the proliferation of weapons of mass destruction, applied measures of influence to three banks in February”, – the message reads.
In particular, the NBU fined JSC First Investment Bank UAH 200,000 for the failure to properly analyze financial transactions, taking into account a risk-oriented approach.
JSC A-Bank received a written warning for the improper fulfillment of the obligation to develop, implement and, in compliance with the law, constantly update internal documents on financial monitoring, for violation of the requirements for the identification, verification and examination of customers, etc. The bank was also fined UAH 400,000 for violation of the requirements of the legislation in the field of financial monitoring regarding the fulfillment of requests of the inspection team.
The NBU issued a written warning to Bank Lviv for the improper fulfillment of the obligation to develop, implement and, in compliance with the law, constantly update internal documents on financial monitoring, for the improper fulfillment of the obligation to examine customers, etc. The bank was also fined UAH 400,000 for the failure to properly analyze financial transactions, taking into account a risk-oriented approach. (Ukrinform/Business World Magazine)
