IBOX was laundering money for Parimatch

IBOX was laundering money for Parimatch
IBOX was laundering money for Parimatch
A few days ago, the NBU revoked the licence of IBOX Bank, whose terminals were located in virtually every city in Ukraine. 

The reason was alleged money laundering. As it turned out, the bank was laundering money for the well-known bookmaker Parimatch, which operates in Russia.

The company's owner is Kateryna Biloruska. Shortly before the searches, she hastily withdrew from the ownership of Parimatch Tech & Parimatch Foundation and moved to work at Biloruska Foundation.

Kateryna also removed information about her workplace from social media and hastily replaced it with new details. 

Meanwhile, during the search at IBOX Bank, law enforcement officers were already aware of the money laundering scheme. However, Kateryna decided, albeit late, to deflect suspicion from herself in some way.

As it turned out, the website pm.ua obtained a licence in Ukraine. However, players who had been using Parimatch a few years ago remained on the Parimatch.com platform, which does not hold this licence, meaning it was operating illegally in Ukraine. The company only obtained a licence in an offshore jurisdiction, where the users' money was actually sent.

Shortly before the searches, players encountered problems withdrawing funds from the system. The maximum available amount was 5,000 hryvnia. However, even this amount could not be withdrawn to all banks. For example, Mono and Privatbank blocked such transactions. 

It was also reported today that IBOX is accepting payments again. However, it is not specified through which financial structure the funds will be processed this time.

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