The NBU Fined PUMB, Ukrsibbank, and Tascombank: What Happened
8 July 05:53
The National Bank of Ukraine imposed sanctions on four banks and one non-bank financial institution following inspections conducted in June 2026. The largest fine—10 million hryvnia—was imposed on JSC “PUMB” for violating financial monitoring and foreign exchange supervision regulations. This was reported by "Komersant Ukrainian", citing data from the regulator.
PUMB was fined 10 million hryvnia
The regulator imposed the heaviest sanctions on JSC “PUMB.”
The bank must pay 10,000,000 hryvnias for a series of violations of laws regarding the prevention and counteraction of money laundering (AML/CFT) and the financing of terrorism.
According to the NBU, the inspection found that the bank:
- failed to properly verify new and existing customers;
- did not apply enhanced due diligence to high-risk customers;
- failed to ensure an appropriate risk-based approach to customers whose ultimate beneficiaries are citizens of an aggressor state;
- failed to report threshold financial transactions in a timely manner;
- failed to terminate business relationships in cases where customers did not provide the necessary documents.
In addition to the fine, PUMB received a written warning due to deficiencies in its internal financial monitoring documents.
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Which other banks were sanctioned
In addition to PUMB, the regulator imposed sanctions on three other banks.
JSC “Ukrsibbank”
The bank was fined 400,000 UAH.
The reasons were:
- violations of the deadlines and procedures for conducting financial monitoring;
- deficiencies in internal documentation.
JSC “Tascombank”
The financial institution must pay 200,000 UAH.
According to the NBU, the bank improperly applied a risk-based approach when working with clients.
JSC “Universal Bank”
The bank received a written warning.
The reason was improper fulfillment of its obligations regarding the verification of existing customers.
A non-bank financial institution also received sanctions
In addition to banks, enforcement measures were also applied to one non-bank financial institution.
The regulator did not provide details on all the circumstances but noted that the sanctions were related to violations of financial monitoring and currency control laws.
FUIB’s position on the NBU’s decision
FUIB stated that it respects the decisions of the National Bank of Ukraine and pays “priority attention to compliance with the requirements of the legislation in the field of financial monitoring.” The bank analyzed the regulator’s remarks in detail and has already taken the necessary measures to improve the relevant internal procedures and controls.
“At the same time, it is important to note that these are individual shortcomings identified within the framework of supervisory measures, and not systemic violations in the bank’s work. FUIB has a multi-level financial monitoring system, constantly invests in the development of automated control tools, verification of clients and transactions, and regularly updates its procedures in accordance with changes in legislation and regulatory requirements,” FUIB stated.
Separately, the bank emphasized that FUIB “strictly adheres to the restrictions established by law on working with individuals and companies associated with the aggressor state.”
“Any deficiencies in customer due diligence procedures identified during the inspections are carefully analyzed and eliminated,” the financial institution assured.
They added that FUIB continues constructive interaction with the NBU and consistently improves the financial monitoring system, taking into account the recommendations and requirements of the regulator.
Why Banks Are Fined
Financial monitoring is a set of procedures aimed at detecting suspicious financial transactions and preventing money laundering, terrorist financing, and the circumvention of international sanctions.
Banks are required to:
- identify and verify customers;
- assess risk levels;
- monitor large financial transactions;
- report suspicious transactions;
- terminate business relationships with customers who fail to provide the necessary information.
The NBU emphasizes that compliance with these requirements is one of the key elements of the stability of Ukraine’s financial system and adherence to international anti-money laundering standards.
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