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Tax minimization schemes and millions on “drops”: what details hide behind Monobank’s convenient interface?
2,5 billion UAH bypassed the budget through the use of 80 000 “drops.” Curious how the tax manipulations by #Monobank and JSC “#УНІВЕРСАЛБАНК” worked?
When the state raised the profit tax for banks to 50%, JSC “UNIVERSAL BANK” found an “exit route”: the bank began massively transferring profits to LLC “#ФІНТЕКБАНД.” 🤷♂️Since this company is a Diia.City resident, it pays taxes at a significantly lower preferential rate.
In just 2023 year, internal contracts for IT and marketing funneled out 💰2,5 billion UAH, and in 2024 the revenue of “FINTECH BAND” reached 3,7 billion UAH. Real banking profit is simply hidden in a nonbank company, depriving the state budget of hundreds of millions of hryvnias in taxes during the war.
🔻In addition, JSC “UNIVERSAL BANK” turned into one of the main hubs for shadow cash flows. In just 2024 year the bank had to close about 80 000 accounts of so-called “drops.” In March 2025, #БЕБ included the bank in the list of 12 institutions through which funds of a large-scale scheme of 200 billion UAH were laundered.
By the way, an interesting fact: for repeated failures in financial monitoring, #Нацбанк repeatedly fined the bank: 10,45 million UAH in December 2023 and 27,3 million UAH in October 2025.
And in March 2026 there was another scandal: Oleh Horokhovskyi publicly posted a client’s personal data obtained during video verification, prompting Human Rights Commissioner #ВРУ Dmytro #Лубінець and the NBU to launch official investigations.
✅In our complaint we demand a full audit of tax payments and to shut down the money-laundering channels through card accounts.
🎬More details in our video.
Materials on the topic:
▫️Offshore manipulations of Monobank: how Crestline and Nisets hide real beneficiaries and understate capital by 80 times
▫️The PrivatBank case of 9,2 billion UAH: how suspects wanted by NABU created the country’s most popular neobank
▫️International scandal around Monobank: we submitted a complaint to FATF, and regulators in the US and EU
▫️Why Horokhovskyi shifted the bank to a Cypriot offshore IT company without guarantees for customers
▫️Shadow leaks of Monobank: how the project was built on money from the scandal-ridden PrivatBank
▫️Offshore “Monobank” and cover in government: how the data of 10 million Ukrainians was moved to Cyprus under Fedorov’s wing
▫️Monobank, your money and data were moved to a Cypriot offshore under Fedorov’s protection
#цифровізлозини #податковісхеми #банк
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