Banks simplify transfers of currency abroad

Банкам упростили переводы валюты за рубеж

National Bank has simplified the banks to purchase foreign currency

The national Bank has softened requirements for banks.

Ukrainian banks will be able to make a purchase or transfer of currency abroad under the simplified procedure. This is stated in the NBU, come into force on 5 October.

Now banks are not obliged to issue extracts and copies of documents-grounds for operations, but the decision of the Issuer on the payment of dividends to the foreign investor. Also no longer required at the conclusion of each contract, the questionnaires of customers and other documents adopted by the Bank the measures to check the information about financial transactions.

“The abolition of the requirement to provide scanned copies of documents released significant material and technical resources of the banking institutions and promote effective, risk based approach banks for analysing financial transactions to customers,” according to the NBU.

We will remind earlier, the national Bank of Ukraine has abolished restrictions on cash withdrawals from Bank cards and accounts.

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