The Administrative Court of Cassation within the Supreme Court, by its ruling of May 28, 2026, overturned the decision of the Kyiv District Administrative Court dated June 24, 2024, and the ruling of the Sixth Administrative Court of Appeal dated November 19, 2024, regarding the annulment of the regulator’s decision to impose a fine on UKRFINSTANDART LLC (new name: AVTO UKR BILS Limited Liability Company) for violating legislation in the area of preventing and combating the legalization (laundering) of proceeds derived from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction.
This is stated in a press release from the NBU, the Ukrainian News agency reports.
The Supreme Court’s ruling is final and not subject to appeal.
In March 2023, the National Bank imposed a fine of UAH 14.6 million on UKRFINSTANDART LLC.
In accordance with Part 11 of Article 32 of the AML/CFT Law, fines provided for by the AML/CFT Law are credited to the state budget.
UKRFINSTANDART LLC failed to pay the fine. The National Bank forwarded the decision to impose the fine to the state enforcement authorities for compulsory enforcement.
As the Ukrainian News agency earlier reported, the National Bank will defend in court the legality of the enforcement measure imposed on JSC “MIB” in the form of a fine for violating the requirements of legislation in the field of preventing and combating the legalization (laundering) of proceeds derived from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction, which the bank has challenged in court.
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