The NBU Fined Banks Millions Over Financial Monitoring Issues
The National Bank of Ukraine has imposed sanctions on four banks and one financial company for violations related to financial monitoring and foreign exchange transactions. PUMB received the largest fine—the bank must pay 10 million hryvnias. In addition, Ukrsibbank, Tascombank, Universal Bank, and the financial company “I Lombard” were also penalized. The total amount of fines amounted to millions of hryvnias.
According to the National Bank, in June 2026, the regulator inspected the operations of these financial institutions and identified violations of anti-money laundering legislation and foreign exchange regulations. The First Ukrainian International Bank (FUIB) received the heaviest penalty. It was fined 10 million hryvnias.
The NBU noted that the bank had shortcomings in its customer verification procedures, particularly regarding new customers and those who were already using the institution’s services. The regulator also identified problems with enhanced monitoring of high-risk customers. In addition, PUMB was found to have an inadequate approach to assessing risks associated with customers whose ultimate beneficial owners include citizens of an aggressor state. The bank also failed to report certain financial transactions in a timely manner and did not always terminate its cooperation with customers who failed to provide the necessary documents in a timely manner. The bank also received a written warning from the NBU for certain procedural shortcomings in its internal documents.
Which other banks faced sanctions
In addition to PUMB, the National Bank imposed sanctions on several other banking institutions. Ukrsibbank was fined 400,000 UAH. The reasons included violations of the deadlines and procedures for conducting financial monitoring, as well as deficiencies in the bank’s internal documents.
Tascombank was fined 200,000 UAH for improper application of a risk-based approach when working with clients. Universal Bank received only a written warning. The NBU pointed out deficiencies during the verification of existing clients.
A pawnshop received a fine of over 4 million UAH
Separately, the NBU penalized the financial company “I Lombard.” The total amount of fines for the institution exceeded 4.19 million UAH. The largest portion of the fine—4.096 million UAH—related to problems with the organization of financial monitoring. The regulator cited inadequate customer verification, a lack of necessary additional measures regarding politically exposed persons, and the use of inaccurate information in responses to the National Bank’s inquiries.
The company must pay an additional 100,000 UAH for violations of foreign currency trading rules and issues with the accounting of foreign currency holdings in the cash register. In addition to the fines, “I Lombard” received two written warnings—for errors in customer questionnaires and for conducting certain foreign exchange transactions without the required license from the NBU. The National Bank emphasized that such measures are intended to encourage financial institutions to comply with control regulations and strengthen the financial system’s protection against illegal transactions. This information is based on data from the regulator.
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