In December, the National Bank of Ukraine (NBU) imposed fines on five banks totaling over UAH 66.74 million. Specifically, Oxy Bank received the highest fine of UAH 20.05 million for violations in customer due diligence, financial monitoring, currency control, and failure to use a risk-based 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 violating currency legislation.
Universal Bank received a fine of UAH 10.45 million for improper customer due diligence, insufficient online monitoring, and failure to use a risk-based 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 preventing the legalization of funds obtained through criminal means.
