The National Bank of Ukraine (NBU) has imposed a penalty of UAH 33.76 million on state-owned Oschadbank, UAH 11.05 million on Pivdenny Bank and UAH 10.05 million on A-Bank, the regulator’s website reports.
According to it, Oschad was fined for improper organization of primary financial monitoring in terms of the obligation to develop, implement and update internal documents on the Law “On Prevention and Counteraction to Legalization (Laundering) of the Proceeds of Crime, Terrorist Financing and Financing of the Proliferation of Weapons of Mass Destruction” (AML/CFT) and the lack of procedures in them sufficient to ensure effective risk management.
It is noted that other reasons for the fine imposed on the financial institution include the bank’s failure to properly fulfill its obligation to implement an automation system, apply a risk-based approach, and verify new and existing customers.
Pivdenny Bank was fined for improper implementation of enhanced due diligence measures in relation to clients with high risk business relationships, untimely submission of documents at the NBU’s request to comply with the requirements of VAT/FT legislation, and failure to identify all the criteria for money laundering risk inherent in business relationships with clients.
A-Bank received a fine due to improper due diligence of the RIAs, new and existing customers, as well as improper application of a risk-based approach.
In addition, the central bank fined Diamond Pay LLC (TM DPAY, Dnipro) of Victoria Golubeva with a turnover of UAH 2.6 billion in 2023 for UAH 13.06 million for a number of violations in terms of primary financial monitoring. According to the company’s website, it is a service for organizing payment acceptance and online transfers, and its main services include payments on gambling websites, including Favbet.
The net profit of JSC Aktsent-Bank (A-Bank, Dnipro) in January-March 2019 amounted to UAH 93.885 million, which is 45.4% more than in the same period of 2018, according to a quarterly report of the bank.
According to the report posted on the website of the financial institution, net interest income in the first quarter of this year decreased by 42.1% compared with the corresponding period of 2018, to UAH 294.278 million.
The bank’s assets grew by 8.1%, to UAH 5.24 billion, in particular loans to customers by 9.4%, to UAH 3.802 billion.
Since the beginning of the current year, liabilities of the bank have increased by 7.4%, to UAH 4.234 billion, net worth by 11%, to UAH 1.007 billion.
Charter capital in the first quarter remained at the level of UAH 323.191 million.
Accent Bank was founded in 1992.
