The National Bank fined Ukrgazbank and four non-bank financial institutions
In August, the National Bank of Ukraine imposed sanctions on JSC “Ukrgasbank” and four non-bank financial institutions for violating legal requirements regarding the prevention and combating of money laundering. The regulator imposed the largest fines on the insurance company “USG” and “Ukrgasbank.”
Specifically, JSC “Ukrgasbank” was ordered to pay a fine of 17.6 million hryvnias for improper application of a risk-based approach, insufficient verification of customers with high-risk business relationships, as well as the untimely and incomplete provision of information in response to the regulator’s requests. At the same time, PJSC “USG Insurance Company” was fined 30.77 million hryvnias for improper organization of initial financial monitoring and received a written warning for violating the procedure for preparing statistical reports.
In addition, fines were imposed on LLC “Max Credit” in the amount of 1.08 million hryvnias for deficiencies in the organization of financial monitoring and customer verification, “FC Goal” LLC was fined 391,000 hryvnias for failing to update internal documents in a timely manner to reflect risk assessments, and “Zaporizhzvyazokservis” PJSC was fined 255,000 hryvnias.
This was reported by the National Bank of Ukraine.
The NBU fined the payment company iPay 16.5 million hryvnias.
As of September 8, 2026, the NBU lowered the exchange rates for the dollar and the euro.
