In July 2026, the National Bank of Ukraine imposed a fine of 16.1 million UAH on Raiffeisen Bank JSC for a series of violations of anti-money laundering and counter-terrorism financing laws.
Among the violations identified by the regulator were inadequate customer due diligence and failure to apply a risk-based approach, as well as deficiencies in risk management during the implementation and use of information products and technologies, particularly when conducting transactions without direct contact with the customer.
The NBU also identified instances of untimely reporting of threshold financial transactions to the authorized state body and shortcomings in providing information and documents in response to the regulator’s requests.
In addition to the fine, Raiffeisen Bank received a written warning. It pertains, in particular, to the verification of customers and ultimate beneficial owners falling under the PEP category, internal documents regarding financial monitoring, updating information in customer questionnaires, and the transmission of information about payers.
Raiffeisen Bank has been operating in Ukraine since 1992, initially under the name Bank Aval. Since 2005, the bank has been part of the Austrian Raiffeisen Group. According to the ownership structure as of January 1, 2026, Raiffeisen Bank International AG holds 68.21% of the Ukrainian bank’s shares, while the European Bank for Reconstruction and Development holds 30%. Natalia Gurina is the chair of the bank’s board of directors.
