In March 2025, the National Bank of Ukraine took action against six banks and three non-banking financial institutions due to violations in financial monitoring and currency legislation.

This was reported by the NBU press service.

Specifically, JSC "MIB" was fined 20.5 million UAH for improper client verification and inadequate application of a risk-oriented approach.

Other banks also faced penalties related to shortcomings in client verification, improper application of the risk-oriented approach, and non-compliance with currency legislation.

AB "Pivdenny" received an additional fine of 400,000 UAH for failing to fulfill its currency supervision obligations in addition to the financial monitoring fine.

JSC "Sens Bank" was fined 4.1 million UAH for inadequate client verification and deficiencies in the risk-oriented approach.

For systematic failure to submit reports on anti-money laundering and counter-terrorism financing (AML/CFT) within the required deadlines, the non-banking institution PT "Sunlight Assets and Company" was fined 51,000 UAH.

Remember:

Ukraine must prepare its capital market infrastructure now to attract private and international investments for post-war recovery.