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National Bank of Ukraine Contributes to Investigation Efforts into Criminal Offences Commited in the Banking Sector

In the first half of 2016, the National Bank of Ukraine provided the law enforcement agencies with provisional access to the documents in respect of 69 court rulings.  The rulings were issued by the courts of different levels as part of 49 criminal proceedings.

All the criminal proceedings were related to offences commited in the banking sector. According to information provided by the NBU, the pre-trial investigation into these cases is currently underway.

As a side note, in March 2015, the Ukrainian parliament passed a law On Amendments to Certain Legal Acts of Ukraine on the Responsibility of Bank's Related Parties  which imposed criminal responsibility on  the bank managers and  owners for actions that  led to the bank's insolvency, thereby causing  material damage to the State or a creditor.

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