The National Bank obliges banks during their activities to reveal and document information about the connections of clients and their counterparties with the state carrying out armed aggression against Ukraine. The categories of clients for which the bank is obliged to reveal and document such information and the amount of relevant information for each category are defined.
The National Bank has the right to apply to the bank with a separate request to obtain information about the connections of clients and their counterparties with the aggressor state discovered by the bank.
The collection and documentation of the specified information will contribute to increasing transparency regarding the clients of banks that have ties with the aggressor state, and to the detection of the hidden presence of the aggressor state on the Ukrainian market.
The specified requirements have been approved by Resolution of the Board of the National Bank of Ukraine dated March 16, 2023 No. 26 “On Disclosure of Information Regarding Clients’ Relationships with the State Carrying Out Armed Aggression Against Ukraine”which enters into force on the day following its official publication.
