The Law fully conforms with the relevant EU directive: it requires customer identification and keeping records on all transactions, defines suspicious transactions and obliges banks to report them to a special control institution (Disclosures Office). The Law "On Natural Person Deposit Guarantees" came into effect on October 1, 1998.
Surprisingly, the bank was not aware of the incident till it was notified by a law enforcement agency. There was a Facebook post by a person from a neighbouring country claiming responsibility for the operation.