National Bank detects 58 illegal exchange booths across Ukraine in 2019

The National Bank of Ukraine (NBU) in 2019 conducted 1,123 checks of currency exchange offices at non-bank financial institutions, where 58 illegal booths were identified.

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In particular, illegal foreign exchange booths were revealed in the city of Kyiv, as well as in Kyiv region, Vinnytsia region, Volyn region, Dnipropetrovsk region, Donetsk region, Ivano-Frankivsk region, Lviv region, Sumy region, Ternopil region, Kharkiv region, and Kherson region, according to the NBU's website.

Among violations recorded were foreign exchange transactions without proper documentation, a significant discrepancy between cash at the cash desk and accounting reporting, and failure to provide documents, materials, and information upon request of authorized employees of the National Bank.

The regulator reported the violations to law enforcement agencies.

As UNIAN reported earlier, the National Bank in 2018 conducted over 1,100 inspections of forex booths at non-bank financial institutions in all regions of Ukraine, identifying 78 illegal offices.