Bank accounts under scrutiny: your statements may now end up with the State Financial Monitoring Service

The financial lives of Ukrainians are becoming increasingly transparent—and that’s not good news for everyone. New financial monitoring rules have taken effect in Ukraine, which could change how banks verify customers and their transactions.

On February 2, 2026, a new procedure for information exchange between banks and the State Financial Monitoring Service of Ukraine took effect. The document, approved by the Ministry of Finance, effectively introduces a new level of control over financial flows—with a larger volume of data and significantly deeper analysis.

The main change is that banks are now required to include not only formal data but also complete customer bank statements in their reports on suspicious transactions. This means the regulator gains access to the actual picture of fund movements—including details that previously might have remained “behind the scenes.”

Another important point is the new approach to so-called “customer groups.” If a financial institution observes that several individuals are linked (shared IP addresses, identical founders, registration addresses, or even synchronized transactions), it no longer submits separate reports. Instead, a single consolidated document is created that describes the entire scheme at once.

In practice, this means that any financial “links” between individuals or companies can now serve as grounds for a comprehensive analysis. Whereas previously individual transactions were flagged, now entire financial chains are under scrutiny.

The new rules also change the very logic of reporting. All clients must be clearly identified as “clients” in the documents, without any alternative roles. And information about counterparties is moved to the text section—with a detailed description of suspicious activities.

According to clarifications from the State Financial Monitoring Service published in March, these changes are part of the transition to a Big Data model. This involves processing large data sets that allow for the tracking of complex financial schemes that might previously have gone unnoticed.

Financial monitoring entities include more than just banks. The new rules also apply to insurance companies, pawnshops, credit unions, postal service providers, as well as notaries, lawyers, and auditors. In other words, the oversight covers a much broader range of financial transactions than it might seem at first glance.

On the one hand, this strengthens the fight against money laundering and shadow schemes. On the other hand, it increases the level of intrusion into financial privacy.