"The FKTK Board has decided to issue a warning to Trasta Komercbanka over weaknesses in its credit risk inspections and significant reputational and credit risk assessment of individual transactions," FKTK said.
However, the punishment extended no further than a warning.
Certainly Trasta Komercbanka hs had reputational issues over a period of many years having been connected to the highly irregular purchase of a Ukrainian oil rig at a grossly inflated price, transactions linked to the murder of Russian lawyer Sergei Magnitsky and a remarkable €20 billion scam that siphoned off a significant chunk of Moldova's GDP.
