In May 2026, the National Bank of Ukraine (NBU) fined LLC “1 Safe Agency of Necessary Loans” (TM “MyCredit”) 6.13 million UAH and Avangard Bank 2 million UAH for violating financial monitoring regulations, the regulator announced on its website.
According to the statement, LLC “1 Safe Agency of Necessary Loans” was fined for improper organization and conduct of initial financial monitoring. In particular, the National Bank pointed to violations in the application of a risk-based approach, the development of internal documents, proper customer due diligence, work with politically exposed persons, and the provision of information in response to the regulator’s requests.
Avangard Bank was fined for improper application of a risk-based approach, failure to identify a financial transaction subject to financial monitoring, and improper analysis of customer transactions for indicators of suspicious activity.
In addition, the financial institution received written warnings for the improper development and implementation of internal documents on financial monitoring, as well as for submitting information on foreign exchange transactions to the NBU with errors.
The Central Bank also fined FC “A Finance” LLC 800,000 UAH for violating the procedure for conducting currency exchange transactions and failing to equip a separate structural unit with a video surveillance system.
FC “MBK” LLC was fined UAH 799,000 for violating financial monitoring requirements, specifically the improper submission of information and documents in response to requests from the National Bank, failure to fulfill the obligation to conduct proper customer due diligence, improper application of a risk-based approach, violation of the procedure for storing documents in client files and preparing statistical reports on AML/CFT issues.
The company also received a written warning for improper development and implementation of internal documents on financial monitoring, deficiencies in the operation of the automation system for continuous monitoring of client transactions, and failure to include verified information in client questionnaires.
PT “Pawnshop No. 1” of “Contract-Group” LLC was fined 200,000 UAH for violating the procedure for conducting foreign exchange transactions, specifically the cashier’s failure to provide cash register receipts simultaneously with the receipt or issuance of cash in foreign currency for reversal and verification transactions.
In addition, the pawnshop received a written warning for the absence in a separate structural unit of a copy or excerpt from the order on its opening, specifying the list of transactions carried out at the cash desk, as well as for violating the requirements for technological video surveillance systems.
Alliance Capital Group FC LLC was fined UAH 100,000 for violating the procedure for conducting currency exchange transactions, specifically the cashier’s failure to accept or issue cash for a currency exchange transaction simultaneously with the issuance of a cash register settlement document.
The regulator also issued a written warning to the company for violating the requirements for the video surveillance system, specifically the absence of date and time information in the video footage from the customer area.
FC “Alfa-Invest Group” LLC received a written warning for violating the procedure for conducting currency exchange transactions, which consisted of failing to issue foreign currency cash to an individual customer simultaneously with the provision of a cash register receipt.
As reported, in May, the NBU fined LLC “FC ”Kontraktovy Dom“ and LLC ”Swift Garant” 135.15 million UAH each for improper organization and conduct of initial financial monitoring. In addition, PJSC “Insurance Company ”VUSO” was fined UAH 40.71 million for a similar violation.
Financial monitoring is transforming from a formal regulatory obligation into a full-fledged business function, and manual AML processes create operational and reputational risks for companies, while automation allows embedding risk management into the digital business architecture, according to Oksana Gubina, CEO of AML.point.
According to her assessment, the growth in transaction volumes, increasing complexity of financial products and strengthening regulatory requirements increase the risks of using fragmented systems and so-called “Excel-AML”, increasing dependence on the human factor and the likelihood of errors.
Gubina notes that automation in AML should not mean speeding up individual checks, but rather integrating financial monitoring into core systems and building a unified customer profile that allows a shift to proactive, data-driven risk management.
She also pointed to a shift from a product-centric to a client-centric approach in AML, as risk is linked to the profile and behavior of a client who may be using multiple products at the same time.
According to the author, customer-centric financial monitoring is scheduled to be discussed in more detail on February 18, 2026 at IFC Bankir’s Banking Forum: DIGITAL TRENDS 2026 conference, where she will be a speaker.
https://interfax.com.ua/news/blog/1142350.html
The National Bank of Ukraine (NBU) has amended the plan of on-site inspections on financial monitoring, compliance with currency and sanctions legislation for 2024, the regulator’s website reports.
Lombard Finance PE with the participation of ITM Market LLC and I-Company LLC was excluded from the plan of on-site inspections due to the revocation of the license to operate and Inter-Realty PE and Company was included.
According to the plan, on-site inspections of banks are scheduled for 2024: in the first quarter – JSC CB PrivatBank, JSC RVS Bank, in the second quarter – JSC OTP Bank, JSC Bank Credit Dnipro, in the third quarter – JSC Crystalbank, JSC JSB Radabank, in the fourth quarter – PJSC Bank Vostok.
Non-banking institutions: in the first quarter – FC Mont Blanc Finance LLC, FC Wei For Pei LLC, in the second quarter – Lombard Doncredit LLC Inter Realty and Company, OTP Leasing LLC, in the third quarter – Nadezhda Insurance Company, NovaPay LLC, in the fourth quarter – Credit Union, Avance Credit LLC, Ultra Alliance Insurance Company.
The report emphasizes that the plan of on-site inspections was drawn up on the basis of a risk-oriented approach, including taking into account the results of the risk assessment of banks and non-bank institutions.
