The National Bank of Ukraine has issued a written warning to FC “Alfa-Invest Group” LLC for violating the procedures governing foreign exchange transactions, the regulator announced on its website.
According to the NBU’s statement, the violation consisted of failing to provide a retail customer with cash in foreign currency simultaneously with the issuance of a settlement document by the transaction registrar.
No fine was imposed on the company in the NBU’s statement; the measure in question is a written warning.
Alfa-Invest Group LLC operates in the non-bank financial services market.
The National Bank of Ukraine fined FC “Alliance Capital Group” LLC 100,000 UAH for violating the procedures for conducting currency exchange operations, the regulator announced on its website.
According to the NBU’s statement, the violation consisted of a cashier at a separate structural unit failing to accept or issue cash for a currency exchange transaction simultaneously with the provision of a settlement document from the transaction recorder.
The regulator also issued a written warning to the company for violating requirements regarding the video surveillance system, specifically the absence of date and time information in the video footage from the customer area.
FC “Alliance Capital Group” LLC operates in the non-bank financial services market.
The National Bank of Ukraine fined Pawnshop “No. 1” LLC “Contract-Group” 200,000 UAH for violating the procedure for conducting currency exchange transactions, the regulator announced on its website.
According to the NBU’s statement, the violation consisted of a cashier at a separate structural unit failing to provide payment documents from the payment transaction register simultaneously with the receipt or issuance of cash in foreign currency for reversal transactions.
In addition, the pawnshop received a written warning for the absence in a separate structural unit of a copy or extract from the order on its opening, specifying the list of transactions carried out at the cash desk, as well as for violating the requirements for technological video surveillance systems.
PT “Pawnshop No. 1” LLC “Contract-Group” operates in the pawnshop and non-bank financial services market.
The National Bank of Ukraine fined FC “A Finance” LLC 800,000 UAH for violations of currency exchange procedures and requirements for video surveillance, the regulator announced on its website.
According to the NBU’s statement, the violation of currency exchange procedures consisted of cashiers at certain structural units of the institution failing to accept or dispense cash simultaneously with the provision of transaction documents from the transaction recorder.
In addition, the regulator noted that a specific structural unit lacked a video surveillance system for the customer service process with mandatory recording and archiving of video footage.
As previously reported, in May the NBU imposed sanctions on one bank and nine non-bank financial institutions.
FC “A Finance” LLC operates in the non-bank financial services market, including in the foreign exchange segment.
The National Bank of Ukraine fined LLC “1 Safe Agency for Essential Loans” (trademark MyCredit) 6.132 million UAH for violations of financial monitoring regulations, the regulator announced on its website.
According to the NBU’s statement, the fine was imposed for improper organization and conduct of initial financial monitoring.
Specifically, the regulator pointed to the improper application of a risk-based approach, the development and approval of internal documents on financial monitoring, the conduct of proper customer due diligence, work with politically exposed persons, as well as the provision of information and documents in response to requests from the National Bank.
As reported, in May, the NBU imposed sanctions on one bank and nine non-bank financial institutions for violations of financial monitoring and foreign exchange legislation.
“1 Safe Agency for Necessary Loans” LLC operates in the non-bank lending market under the MyCredit brand. The company provides consumer loans to individuals online.
The National Bank of Ukraine fined Avangard Bank JSC 2 million UAH for violating financial monitoring regulations, the regulator announced on its website.
According to the NBU’s statement, the bank was fined for improper application of a risk-based approach, failure to identify a financial transaction subject to financial monitoring, and improper analysis of customer transactions for indicators of suspicious activity.
In addition, the regulator issued written warnings to the bank. These warnings concern the improper development and implementation of internal documents on financial monitoring, as well as the submission of erroneous information on foreign exchange transactions to the NBU.
As previously reported, in May, the NBU imposed sanctions on one bank and nine non-bank financial institutions for violations in the areas of financial monitoring and foreign exchange legislation.
Bank Avangard JSC operates in the Ukrainian banking market and provides services to corporate and private clients.
