SBU exposes international payment system on cooperating with sanctioned Russian company
The officers of the SBU Main Directorate of Counter-Intelligence Protection of the State’s economic interests exposed the international payment system on cooperating with the sanctions Russian company.
The SBU on a regular basis conducts systematic monitoring of the efficiency of the implemented personal economic and other sanctions stipulated by the Decision of the National Security and Defense Council of Ukraine of 02.05.2018 "On application of Personal Special Economic and Other Restrictive Measures (Sanctions)", put into effect by the Decree of the President of Ukraine of May 14, 2018 No. 126/2018.
The SBU operatives established that one of the Russian payment systems forbidden in Ukraine used the opportunities of the partner - the international payment system "TYME" for transferring funds to Ukraine aimed at avoiding the applied restrictions. Usage of this illegal mechanism by the payment systems was confirmed by the relevant documents.
The SBU informed the National Bank of Ukraine about the risks of the national security threats due to such activities. SBU materials helped the state regulator to make a decision on voiding the registration of "TYME" international payment system.
The SBU has already informed the NBU about another international payment system which cooperated with the partners banned in Ukraine; the National Bank has already applied the relevant restrictive measures.
The mentioned international payment system stopped its cooperation with the payment systems of the aggressor state.
SBU Press Centre
For the Attention of the SBU Head