Compliance, risk and ESG: OTP BANK shared its expertise at the National Compliance Forum 2026
OTP BANK JSC continues to consistently strengthen the role of compliance as a cornerstone of ethical and responsible business, integrating financial monitoring, risk management, and ESG practices. This was highlighted at the National Compliance Forum 2026, organized by the Ukrainian Compliance Association and LIGA ZAKON.
“Compliance has become one of the key elements of modern corporate governance, shaping the level of trust in an organization, the transparency of its processes, and its ability to operate in line with legislation and international standards. Businesses must finally recognize this as a systemic trend rather than an isolated practice,” said Hanna Horbenko, Head of the NGO “Ukrainian Compliance Association” and Director of the Compliance and Financial Monitoring Department at OTP BANK.
OTP BANK operates an effective compliance system based on the three lines of defence model. The first line is responsible for identifying and managing risks at the business unit level, the second ensures oversight by the compliance function to confirm that responsibilities are properly fulfilled, and the third provides independent assurance of the effectiveness of the first two lines. The compliance function oversees adherence to applicable laws and internal policies, conducts ongoing risk monitoring—including risks related to data confidentiality, customer and counterparty due diligence—coordinates compliance risk management across the Bank’s divisions, and addresses a wide range of other critical matters.
During a panel discussion dedicated to financial monitoring as a risk management system, the Director of the Compliance and Financial Monitoring Department at OTP BANK emphasized that compliance and financial monitoring are complementary control systems. At the same time, a clear allocation of responsibilities between these functions ensures process effectiveness, while the application of the “four-eyes principle” enhances the prevention of corruption, fraud, and errors.
Particular attention at the forum was given to ESG, which is emerging as a new standard of corporate transparency. As noted by Maksym Oliinyk, Head of the Sustainable Development Sector at OTP BANK, the Bank’s business model is focused on supporting solutions that have a positive impact on the environment and society. OTP BANK takes into account environmental, social, economic, and governance factors both in its decision-making processes and in its long-term development strategy. Key ESG priorities at OTP BANK include green financing, integration of ESG risks into lending processes, climate change adaptation, and responsible resource management. “The Sustainable Development Sector not only performs monitoring and reporting functions, but also promotes ESG approaches, clarifies relevant criteria, and develops expertise in this field,” he added.
The National Compliance Forum 2026 serves as a professional platform for collaboration between business, government, and the expert community. Participants discussed practical aspects of building effective compliance systems, conducting internal investigations, integrating AML, sanctions, and ESG requirements, as well as cooperation between businesses and public institutions. The forum also featured the presentation of the results of a national study on the state of compliance in Ukraine, outlining key trends and risks for businesses.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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