NBU to probe interference in Sense Bank transaction monitoring system

The National Bank of Ukraine (NBU) has announced it will investigate compliance at state-owned Sense Bank following a failure in its monitoring system to log a bail payment for former energy minister Herman Halushchenko. The NBU made the announcement on Aug. 21 in response to questions from MP Yaroslav Zheleznyak, who chairs a parliamentary investigative committee probing alleged corruption by state officials.

The investigation aims to determine whether anyone interfered with the bank’s automated systems, if managers instructed staff to do so, and if financial monitoring laws were followed during the bail transactions. The NBU emphasized that it is premature to conclude the bank’s financial monitoring system was not working and that some individuals involved in the case have admitted to seeking workarounds due to tighter regulatory controls and monitoring.

The NBU also noted that it has no access to banks’ automated systems and that monitoring, analyzing, detecting, and stopping suspicious client transactions are the responsibility of the banks themselves.

Brief written by urgent.news from New Voice of Ukraine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.