Off-schedule check of Subsidiary Bank of Sberbank of Russia shows absence of infringements, says NBU
An off-schedule check of Subsidiary Bank of Sberbank of Russia (Kyiv) on the bank's observation of Ukrainian law in issues of financial monitoring conducted by the National Bank of Ukraine (NBU) showed that there are no infringement at the bank, reads a press release of Subsidiary Bank of Sberbank of Russia.
"The NBU check did not reveal any infringements by Subsidiary Bank of Sberbank of Russia in Ukraine which could have lead to the money laundering or financing terrorists," reads the report.
The press service said that under Ukrainian law on the financial monitoring one of the important tasks of primary financial monitoring entities is the blocking of financial transactions of persons who are included on the official list of persons who are involved in terrorism or on whom international sanctions are imposed. Subsidiary Bank of Sberbank of Russia said that the bank has taken all the required measures including information systems which can block such transactions, which is confirmed by the NBU's check.
As reported, last week acting Prosecutor General of Ukraine Oleh Makhnitsky said in an interview with the Fifth TV Channel that the Ukrainian Prosecutor General's Office is checking the operations of 14 banks involved in illegal activities in the country. He said that criminal proceedings were launched against Subsidiary Bank Sberbank of Russia: the bank is suspected of financing terrorism.
Subsidiary Bank Sberbank of Russia claimed that the bank is operating strictly in line with Ukrainian law. The bank said that it has not been contacted by any law-enforcement agencies.
Sberbank of Russia (Ukraine) was established in 2001. The owner of the bank is Sberbank of Russia.
According to the National Bank of Ukraine, on January 1, 2014 in terms of total assets the bank ranked eighth (UAH 35.095 billion) among the 180 banks operating in the country.