New Sanctions Imposed on Banks in Ukraine

In March 2025, the National Bank of Ukraine imposed measures against six banks and three non-banking financial institutions for violations of financial monitoring and currency legislation.

This was reported by the NBU press service.

Specifically, JSC "MIB" faced a fine of UAH 20.5 million for improperly fulfilling its duty to conduct proper customer checks and for inadequacies in applying a risk-based approach.

Other banks also encountered violations related to deficiencies in customer verification, inappropriate use of a risk-based approach, and non-compliance with currency legislation.

JSC "Pivdenny" received an additional fine of UAH 400,000 for failure to fulfill currency supervision obligations, alongside its monetary penalty for financial monitoring violations.

JSC "Sens Bank" was fined UAH 4.1 million for failing to conduct proper customer checks and for shortcomings in applying a risk-based approach.

The non-banking financial institution PT "Sunlight Assets and Company" was fined UAH 51,000 for systematically failing to submit reports on anti-money laundering and counter-terrorism financing (AML/CFT) in due time.

It should be noted:

Ukraine must already begin preparing the capital market infrastructure to attract private and international investments for post-war recovery.