The National Bank of Ukraine (NBU) will start publishing data from August 31 on measures taken against banks for violating the anti-money laundering regulations and for undertaking risky activity that threatens the interests of depositors and creditors.
The regulator said the relevant information will be updated on a monthly basis on the NBU`s official website under the ”Financial Monitoring” section.
The NBU noted that such data previously had restricted access, but the regulator has adopted a decree dated August 25 that makes information on measures applied in the form of written warnings, fines, and temporary dismissal of bank officials available to the public.
According to NBU, banks violate new requirements of the legislation when it comes to public figures most frequently. Thus, bank employees do not verify the details of clients belonging to such categories, nor do they seek to determine the sources of funds owned by such figures, or they establish relationships with such clients without the permission of the bank manager.
At the same time, the NBU cited issues with the inadequate and sometimes purely formal approach by banks in fulfilling the requirements of the financial monitoring legislation for ensuring risk management.
The head of the NBU`s Financial Monitoring Department, Ihor Bereza, explained that with this decision, the NBU wants to establish a modern and transparent central bank that is integrated into the European central banks community.
As UNIAN reported earlier, in July, the NBU provided, according to a prescribed manner, temporary access to property and documents eleven times within the framework of investigations into criminal offenses committed in the banking sector. Information was provided four times at the request of the National Anti-Corruption Bureau, twice at the request of the General Prosecutor`s Office, three times at the National Police`s request, once at the request of the Security Service of Ukraine, and once at the State Fiscal Service`s request.
