The National Bank revoked the license of a well-known currency exchange network
On March 23, 2026, the National Bank of Ukraine revoked the licenses of Liberty Finance FC LLC—a member of the large KIT Group network—to conduct cash foreign exchange transactions and provide loans.
The regulator made this decision after discovering evidence of unlicensed activity: the company was providing payment services without the required registration and permits. In addition to revoking the main licenses, the NBU noted signs of a less-than-impeccable business reputation among the owner of a significant stake and the management of the financial institution.
As of March 1, 2026, the company owned 100 currency exchange outlets across the country. Previously, the NBU had already deemed Liberty Finance’s reputation to be less than impeccable and prohibited the company from providing financial payment services through the KIT Group’s online services. According to the YouControl system, the sole owner of Liberty Finance LLC is Anton Tkachenko, who until 2024 also officially owned KIT Group LLC.
The decision to remove a major player in the cash currency exchange market was made by the regulator’s relevant committee as part of efforts to clean up the financial sector of unscrupulous participants. While the NBU is tightening control over exchange operations behind the scenes, the stability of the currency market remains a priority amid Russia’s ongoing aggression. Law enforcement agencies and the regulator continue to monitor the activities of non-bank financial institutions to prevent illegal financial flows and protect consumer rights.
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