In December, the National Bank of Ukraine (NBU) imposed fines on five banks, noting a total amount of over UAH 66.74 million. Specifically, Oxy Bank received the highest fine in the amount of UAH 20.05 million for violations in the conduct of customer checks, financial monitoring, currency control and failure to use a risk-oriented approach.
Acordbank must pay UAH 18.84 million for an improper risk management system and incorrect verification of the payer of funds, as well as providing the regulator with inaccurate information and violation of currency legislation.
Universal Bank received a fine of UAH 10.45 million for incorrect customer checks, insufficient online monitoring and failure to use a risk-oriented approach.
MTB Bank was fined UAH 10.40 million for similar violations.
Kominbank received a fine of UAH 10 million due to untimely and incomplete submission to the regulator of documents related to the bank's compliance with legislation in the field of prevention of money laundering.
