The NBU is investigating banks over the collateral related to Halushchenko
The National Bank of Ukraine has launched unscheduled inspections of banks that provided services to individuals who transferred money to post bail for former Minister of Energy and Justice Herman Galushchenko. The regulator wants to determine whether the banks complied with financial monitoring rules during these transactions.
The National Bank launched unscheduled inspections of banks following the incident involving the posting of bail for former Minister of Energy and Justice Herman Galushchenko. The inspections began on August 24. The NBU is investigating whether the banks complied with financial monitoring requirements when serving individuals who transferred funds to the account of the High Anti-Corruption Court.
The National Bank announced this in a statement. The regulator cites materials previously released by the National Anti-Corruption Bureau of Ukraine and the Specialized Anti-Corruption Prosecutor’s Office. These involve transactions by bank customers related to the posting of bail for Halushchenko. The NBU must verify whether these transactions complied with financial monitoring laws.
So far, the regulator has not named the banks under investigation. Nor has the NBU disclosed exactly how many financial institutions are being investigated. The National Bank emphasizes that the investigations specifically concern the banks’ compliance with financial monitoring requirements when serving the relevant clients.
The basis for these actions was evidence from the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO), made public as part of the case involving Herman Galushchenko. The NBU must now determine whether the banks committed any violations during the processing of these payments. Based on the results of the audits, the regulator will be able to decide whether further measures are needed regarding specific financial institutions, according to the NBU.
According to People’s Deputy Yaroslav Zheleznyak, during the hearing of the case against Sense Bank Chairman Oleksiy Stupak, prosecutors also disclosed a series of conversations which, according to the investigation, confirm the origin of these funds.
