Categories: economy

Ukrainians have simplified the procedure of currency conversion

Now the people of Ukraine will face fewer bureaucratic red tape.

The national Bank of Ukraine (NBU) has abolished the requirement for banks to provide him scan copies of documents on which basis they carried out an analysis of the financial operations of its clients on the acquisition and transfer abroad of foreign currency.

About this reports the press service of the regulator.

The decision of the NBU applies, in particular, customer statements and scanned copies of documents are the basis for transactions, but the decision of the Issuer on the payment of dividends to the foreign investor (used for the demand analysis), and conclusions on each of the contracts, customer profiles and other documents concerning the Bank adopted measures in the implementation of the analysis and verification of information on financial transactions and their participants.

The national Bank noted that the decision of the regulator will release considerable material and technical resources of the banking institutions and promote effective, risk based approach banks for analysing financial operations of the customers

The requirement for banks to provide copies of documents of its clients was valid from September 2014.

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