According to the central bank’s official website, TAScombank also violated the requirement to deny service to customers in case of non-compliance with relevant regulations on financial monitoring, and failed to operate a decent risk management policy. Furthermore, the regulator has ruled a TAScombank director responsible for financial monitoring non-compliant with the regulations’.
The National Bank of Ukraine has also issued a written warning to Asvio Bank, accusin it of non-compliance with regulations on the identification, verification and analysis of customers, who are public figures or individuals affiliated with them. The bank also failed to comply with the guidance on the registration of financial transactions that are subject to financial monitoring under the current laws and provided a relevant authority with false information.
TAS Group, established in 1998, is one of Ukraine’s largest financial industrial conglomerates. It is engaged in four key areas – finance, industry, venture capital and real estate. TAScombank is part of the group’s operations in the field of finance.
According to the National Bank’s data, as of 1 January 2018, the majority owner of TAScombank was Serhiy Tihipko, who owned 99,86851% of shares. The National Bank’s data reveals that as of 1 January 2018, TAScombank ranked 20th out of 84 Ukrainian banks in terms of total assets volume ($470 million).
Asvio Bank (previously known as Privatinvest) was founded in 1991. According to NBU data, as of 1 January 2018, its shareholders included Vyacheslav Suprunenko (60,8044%), Olexandr Suprunenko (28,9612%), Roman Yaroshenko (6,5617%), Andriy Zaets (3,6473%) and 16 other individuals holding portfolios ranging between 0,0017% to 0,0002%. According to the National Bank’s data, as of 1 January 2018 Asvio Bank ranked 56th out of 84 banks operating in the country in terms of total asset volume ($40 million).