TITLE: Ukraine's National Bank Applies Enforcement Measures to One Bank and Five Non-Bank Financial Institutions for Financial Monitoring and Currency Law Violations BODY: In March 2026, the National Bank of Ukraine (NBU) applied enforcement measures to one bank and five non-bank financial institutions for breaches of anti-money laundering and counter-terrorism financing (AML/CFT) legislation and currency law requirements. The enforcement actions and associated penalties were as follows: Joint-Stock Company "Crédit Agricole Bank" received a fine of 300,000 Ukrainian hryvnia (UAH) for failing to suspend expenditure financial operations following a decision by the designated authority and for terminating a client's bank account while funds remained frozen under AML/CFT law. Limited Liability Company "Financial Company 'Alliance Capital Group'" was fined 1,000,000 UAH for unlawfully refusing currency exchange operations involving foreign banknotes that matched official central bank specifications. Limited Liability Company "Financial Company 'Hertz'" received a fine of 612,000 UAH for inadequate implementation of risk-based approaches, failure to develop sufficient internal AML/CFT procedures, inadequate customer due diligence, and failure to provide complete and accurate information to the NBU during supervisory requests. Limited Liability Company "Financial Company 'Tiger Invest'" was fined 400,000 UAH for conducting currency exchange operations without providing clients with proper documentation and receipts simultaneously with transaction completion. Private Joint-Stock Company "UFG" received a fine of 85,000 UAH for failing to identify, register, and report threshold financial operations subject to financial monitoring. Limited Liability Company "UPR" was fined 1,700 UAH for failing to submit a timely response to a written warning regarding AML/CFT violations within the required five business days. These enforcement actions reflect the NBU's ongoing supervisory efforts to ensure compliance with Ukraine's financial monitoring and currency regulations across the financial services sector.

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