Financial Oversight: New Sanctions by the Central Bank
In March 2025, the Central Bank of Ukraine took action against six banks and three non-bank financial institutions for failing to comply with financial monitoring and currency regulations.
This was reported by the NBU press service.
Specifically, JSC "MIB" was fined 20.5 million UAH for improper execution of client verification duties and inadequate risk-based approach implementation.
Other banks also faced issues related to deficiencies in client verification, improper application of risk-based approaches, and non-compliance with currency laws.
JSC "Pivdenny" received an additional fine of 400,000 UAH for inadequate performance of currency oversight duties, in addition to fines for financial monitoring violations.
JSC "Sens Bank" was fined 4.1 million UAH for failing to adequately perform client verification duties and deficiencies in risk-based approach application.
The non-bank financial institution PT "Sunlight Assets and Company" was fined 51,000 UAH for systematic failure to submit reports on anti-money laundering and counter-terrorism financing within the established deadlines.
It should be noted that Ukraine must start preparing its capital market infrastructure now to attract private and international investments for post-war recovery.
