The PrivatBank’s Latvian “daughter” has been fined for €2 mln according to the decision of the Financial and Capital Market Commission (FCMC). The Commission has also dismissed top executives of commercial bank and requested the board of the financial institution to change management, RBC-Ukraine reports.
The message says that the bank has been fined for violation of the law on prevention of legalization of illegally gained funds and terrorism financing, and also the law on loan institutions and rules of advanced study of clients, internal control.
As a result of evaluation of responsibility of bank employees for detected violations, the commission has suspended the chairman of PrivatBank Alexander Trubakov and the member of management Iveta Kerpe, and also assigned the board of the financial institution to completely change the management of the bank.
Sanctions are applied to the bank as per results of investigations and inspections, conducted by FCMC in 2012-2014, the results of which were promulgated in the report of detective agency Kroll.
