NBU fines 'Trust-Capital' bank 20.5 million UAH and eight financial institutions

The National Bank of Ukraine imposed fines in September on one bank and eight non-bank financial institutions for violations of financial monitoring and currency legislation. The largest fine of 20.5 million UAH was imposed on 'Trust-Capital' bank for improper application of a risk-oriented approach and deficiencies in providing information to the NBU. The second-largest fine of 10.47 million UAH was received by 'Profitgid' for improper conduct of primary financial monitoring. The financial company 'Alliance Capital Group' was fined 935 thousand UAH and 17 thousand UAH for violations in the area of financial monitoring and currency reporting. 'Synergy' received a fine of 595 thousand UAH for improper client checks. 'Goldana Plus' was fined 255 thousand UAH for violations in financial monitoring. 'Ukrfinzhilla' received a written warning for improper provision of information. Three non-bank institutions - 'FC Mia Group', 'FC Partner', and 'Rendl Consulting' - also received written warnings for failure to submit reports. The total amount of fines exceeded 32.7 million UAH.

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