NBU fined the Vostok Bank for 16 million UAH for breach in the field of financial monitoring

NBU and Bank East

In August 2025, the National Bank of Ukraine took sanctions on PJSC “Bank Vostok” because of non -compliance financial monitoring and currency control. The financial regulator imposed total penalties worth UAH 16 million and issued two official warnings to the institution. The NBU press service was published in September.

Sanctions on PJSC “Bank Vostok” included:

1) Penalties of UAH 15,000,000.00 and UAH 1,000,000.00 for non -compliance:

• Art. 7 (units 1 and 2) of the Law of Ukraine “On Prevention and Counteraction of Legalization (Laundering) of Revenues Produced Crime, Financing of Terrorism and Financing of Propagation of Weapons of Mass Destruction” (hereinafter referred to as PVC/FT) due to insufficient use of risk-oriented approach by the bank;
• paragraph 4 of Part 2 of Art. 8 of the Law on PEC/FT due to insufficient level of customer checking;
  Part 1 of Art. 12 of the Law on PEC/FT, which was expressed in the inappropriate implementation of enhanced high -risk clients’ checks.

2) official warning for violation of Art. 8 of the Law on PEC/FT, related to the insufficient development of internal documentation on PEC/FT issues, as well as the lack of effective risk management procedures;

3) official warning for non -compliance with Part 1 of Art. 10 of the Law of Ukraine “On Currency and Currency Transactions” and paragraph 6 of Section II of the Rules of Statistical Reporting (approved by the NBU Resolution No. 140 of 18.12.2018), which was manifested in the introduction of false data in the reporting on currency transactions.

Commission expenses in termination of cooperation with the bank The first among the Ukrainian financial institutions, which was opened, introduced a fixed fee when closing the accounts of individuals at the initiative of financial monitoring was the A-Bank. From the fall of 2023, his public contract contains a regulation of 30% of the balance of the account in such cases. Since September of the same year, a similar tariff (30%) has been introduced by the Southern Bank, motivating it with counter -financial fraud.

Later, other Ukrainian banks also began to apply such commissions. As of the current time, the terms of termination of contractual relations on the initiative of the bank include:

• A-Bank, Bank Southern, Bank its own account-30% without total restrictions;
• Izibank – 20% (maximum 10 thousand UAH);
• UNEX Bank – 20% without limiting the amount;
• Vostok bank – 10% without limits;
• Alliance Bank – 1.5% + 1 thousand UAH, but no more than the balance in the account. The collection is accrued once every year, provided that the funds are stored.

The country’s largest banks were not introduced for physical clients.

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