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nid 93023
Jun 05, 2026
arahman@vixio.com
Ukraine
National Bank of Ukraine (NBU)
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2101 charsUkraine's National Bank of Ukraine Applies Enforcement Measures to One Bank and Nine Non-Bank Financial Institutions
On June 5, 2026, the National Bank of Ukraine (NBU) applied enforcement measures to one bank and nine non-bank financial institutions for violations of anti-money laundering and counter-terrorism financing (AML/CTF) legislation and currency regulations during May 2026.
The NBU imposed fines and written warnings across multiple institutions for failures in financial monitoring obligations. Joint-Stock Company "Bank Avangard" received a fine of 2,000,000 Ukrainian hryvnia (UAH) for inadequate implementation of risk-based approaches, insufficient detection of reportable financial transactions, and improper analysis of customer transactions for suspicious indicators. The bank also received written warnings for deficiencies in internal AML/CTF documentation and currency reporting errors.
Limited Liability Company "FK Kontraktovyy Dim" and Limited Liability Company "Swift Harant" each received fines of 135,150,000 UAH for failures in primary financial monitoring organisation and implementation, including inadequate risk-based approaches, insufficient client due diligence, and incomplete responses to NBU information requests. Private Joint-Stock Company "SK VUSU" received a fine of 40,705,622.60 UAH for similar violations.
Limited Liability Company "1 Bezpechne Ahentstvo Neobkhidnykh Kredytiv" received a fine of 6,131,744 UAH for inadequate client verification procedures and failure to maintain politically exposed persons (PEP) status updates.
Currency-related violations resulted in additional fines. Limited Liability Company "FK A Finance" received 800,000 UAH for improper foreign exchange transaction procedures and inadequate video surveillance systems. Limited Liability Company "FK MBK" received 799,000 UAH for incomplete information provision to the NBU and deficient client due diligence. Limited Liability Company "Lombard No. 1" received 200,000 UAH, while Limited Liability Company "FK Alians Kapital Hrup" and Limited Liability Company "FK Alfa-Invest Hrup" received 100,000 UAH and written warnings respectively for foreign exchange operation procedure violations.
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993 charsNational Bank of Ukraine Issues UAH2m Fine to Bank Vangard for AML Violations
On June 5, 2026, the National Bank of Ukraine issued a UAH2m (approximately €38,700) fine to Bank Vangard for violations under the Law of Ukraine "On Prevention and Counteraction to the Legalisation of Proceeds of Crime, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction" .
The bank was found to have failed to:
Apply a risk-based approach to its activities.
Ensure the detection of a financial transaction subject to financial monitoring before it is initiated.
Ensure proper analysis of the client's financial transactions to identify indicators of suspicious activity.
A written warning was issued due to the absence of internal documents on AML/CTF issues and the lack of procedures to ensure effective risk management.
The bank was also found to have failed to provide the National Bank with information on currency transactions with errors under the Law of Ukraine "On Currency and Currency Transactions" , and therefore a warning was issued.