Umbilicaria ahtii sp. nov. is described based on morphological and molecular characters. The new species resembles Umbilicaria vellea but the former has larger and submuriform ascospores, a darker lower surface, longer dark brown to black rhizinomorphs, and lacks thalloconidia directly on the lower surface and basal part of the rhizinomorphs. Phylogenetic analyses (ITS, mtLSU and RPB2) confirmed the distinctness of U. ahtii and indicated its sister relationship to U. meizospora. Umbilicaria ahtii is described from Finland and is currently known from several localities in Northern Europe (Svalbard, Norway, Finland, Kola Peninsula in Russia), Asia (Kodar Range, Siberia) and North America (Alaska). Within the U. vellea group, new molecular data confirmed U. koidzumii as a widespread, separate species sister to U. cinereorufescens. Diagnostic traits and variability of species, as well as their distribution patterns and nomenclature, are discussed.