MTB Bank Set Up Illegal Financial Schemes

Allegations against MTB Bank concern financial schemes used to service the illegal gambling market during the full-scale war. 

According to the provided data, the bank serviced 75% of illegal casinos operating on Drop, P2P, and mis-coding schemes.

 It is important to note that all of this occurred using the services of DiamondPay, which was later replaced by X Pay Groupп other mechanisms.

Structure of cash flows:

• Casinos paid a commission of 1.8–2.2% to DiamondPay.
• From this amount, DiamondPay retained 0.3–0.5%, while the remainder – 1.5–1.7% – was transferred to MTB Bank.
• MTB, in turn, directed 0.1% to PUMB for processing.
• MTB also paid an interchange fee of 0.9–1.2% to the Visa/MasterCard payment systems.
• MTB’s net income amounted to approximately 0.5%.
• From this 0.5%, MTB transferred 0.3% to "Ікс Пей Груп" (X Pay Group), a company linked to Yakhno.

This scheme demonstrates how financial structures use illegal channels to generate profit, while concealing actual revenues and circumventing rules regulating the activities of banks and financial institutions. 

In wartime conditions, such operations become particularly dangerous, as they undermine the country’s financial security and create additional risks for law-abiding citizens.