Legalization of criminal proceeds in obtaining the “overdraft” banking services and operations with corporate bank cards were exposed

Anti-money laundering department of Main Directorate of the STS in Rivne region jointly with Main Department of the National Police in Rivne region exposed illegal receipt of funds at the expense of “overdraft” banking services and operations with corporate bank cards. Funds were subsequently legalized through individual business entities, as well as withdrawn in cash at bank terminals using payment cards.

It was established that a group of individuals for personal motives, intending to seize credit funds of banking institutions through the use of forged documents, received credit funds under the “overdraft” agreements on a behalf of controlled business entities. Amount of losses caused by the operation of this scheme amounted to more than 2 million UAH.

At present, these facts are being worked out by the Department of the National Police in Rivne region within a framework of criminal proceeding entered into the Unified register of pre-trial investigations on the grounds of offenses under Part 2 Article 28, Part 4 Article 190, Part 3 Article 357, Part 4 Article 358 and Part 2 Article 209 of the Criminal Code of Ukraine.

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