NBU Imposes Fines on Banks for Regulatory Violations
In March 2025, the National Bank of Ukraine imposed penalties on six banks and three non-banking financial institutions for violations in the field of financial monitoring and currency legislation.
According to the NBU press service, JSC "MIB" was fined 20.5 million UAH for failing to properly verify clients and apply a risk-oriented approach.
Other banks faced fines for shortcomings in client verification, improper application of risk-oriented approaches, and non-compliance with currency legislation.
AB "Pivdenny" received an additional fine of 400,000 UAH for failing to fulfill currency supervision duties, in addition to fines for financial monitoring violations.
JSC "Sens Bank" was fined 4.1 million UAH for inadequate client verification and deficiencies in the risk-oriented approach.
Non-banking financial institution PT "Sunlight Assets and Company" was fined 51,000 UAH for consistently failing to submit reports on anti-money laundering and counter-terrorism financing (AML/CTF) within the established deadlines.
It is worth noting that Ukraine must start preparing the capital market infrastructure now to attract private and international investments for post-war recovery.