UKRAINE Increase in Fraud YoY

Slow Fraud Rise in 2021

Ukraine remains at the bottom of the European basis points table alongside Turkey, with threat levels increasing but at a much slower rate in comparison to the majority of its peers.

Understandably, all institutions within the Ukrainian banking system will be focused upon maintaining stability and resilience in 2022, whilst prioritising military needs amidst Russia’s invasion. Ukraine’s Central Bank Governor confirmed at a briefing in March 2022 [that] “The National Bank are doing everything necessary to ensure the continuity of both non-cash and cash payments and the smooth functioning of the banking system of the state under martial law.”