In March 2025, the National Bank applied measures of influence to six banks for violations in the sphere of financial monitoring and currency legislation. This was reported by the regulator.
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Who was fined by the NBU
MIB – a fine of UAH 20,500,000.00 for violation of the requirements:
- clause 4 of part two of article 8 of the Law “On the Prevention and Counteraction of Legalization (Laundering) of Proceeds from Crime, Terrorist Financing and the Financing of the Proliferation of Weapons of Mass Destruction”, which consists of the bank's improper performance of its obligation to carry out due diligence of clients; parts one and two of article 7 of the Law on PIC/FT in terms of the bank's improper performance of its obligation to apply a risk-oriented approach in its activities;
- clause 15 of part two of article 8 of the Law on PIC/FT and clause 79 of section IV of the Regulation on the procedure for organizing and implementing supervision in the sphere of financial monitoring, currency supervision, supervision in the sphere of implementation of special economic and other restrictive measures (sanctions), approved by Resolution of the Board of the National Bank No. 9 (0) 0). The violation consists in the improper fulfillment by the bank of the obligation to submit (issue, certify) reliable information and/or documents at the request of the National Bank;
Bank “Ukrainian Capital” – a fine of UAH 20,000,000.00 for violation of the requirements:
- clause 4 of part two of article 8 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to conduct due diligence on clients; parts one and two of article 7 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to apply a risk-based approach in its activities;
Pivdenny Bank
1) a fine of UAH 7,500,000.00 for violation of the requirements:
- part one of Article 12 of the Law on NDP/FT, which consists of the bank’s improper fulfillment of its obligation to carry out enhanced due diligence measures in relation to clients with whom the risk of business relations is high;
- clause 4 of part two of article 8 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to conduct due diligence on the client, which consists of failure to ensure that received and existing documents, data and information about the client are updated; parts one and two of article 7 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to apply a risk-based approach in its activities;
2) a fine in the amount of UAH 400,000.00 for violation of the requirements of Part 7 of Article 11 of the Law “On Currency and Currency Transactions”, Clause 6 of Section I of the Regulation on Transactions with Currency Values. The violation consists of the bank's improper performance of its obligations to carry out currency supervision, failure to ensure a comprehensive analysis and verification of documents (information) on currency transactions, failure to take into account the requirements of Regulation No. 8 when carrying out currency supervision, as well as the bank's untimely identification of a separate indicator of currency transactions on List 8 specified in.
Pravex Bank
1) a fine of UAH 5,000,000.00 for violation of the requirements:
- clause 4 of part two of article 8 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to conduct due diligence on clients; parts one and two of article 7 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to apply a risk-based approach in its activities;
2) a written reservation for violation of the requirements of the first part of Article 8 of the Law on NDP/FT in terms of improper fulfillment by the bank of the obligation, taking into account the requirements of the legislation, to develop and implement internal documents on NDP/FT issues, as well as in terms of the absence in internal documents on NDP/FT issues of procedures sufficient to ensure effective risk management;
Sens Bank – a fine of UAH 4,100,000.00 for violating the requirements:
- clause 4 of part two of article 8 of the Law on NDP/FT in terms of the bank’s improper performance of its obligation to conduct due diligence on its clients; parts one and two of article 7 of the Law on NDP/FT in terms of the bank’s improper performance of its obligation to apply a risk-oriented approach in its activities, taking into account the relevant risk criteria associated with its clients, in the manner specified in the bank’s internal documents on NDP/FT;
Bank Lviv:
1) a fine of UAH 2,051,000.00 for violation of the requirements:
- clause 4 of part two of article 8 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to conduct due diligence on clients; parts one and two of article 7 of the Law on NDP/FT in terms of improper performance by the bank of its obligation to apply a risk-based approach in its activities;
2) a written reservation for violation of the requirements of paragraph 15 of part two of Article 8 of the Law on CDD/FT and paragraph 79 (paragraph 41) of Section IV of Regulation No. 90 in terms of improper fulfillment by the bank of its obligation to promptly and fully submit reliable information and/or documents in response to requests from the National Bank.
- NBU Fines Banks