Review of the NBU Resolution № 57 dated 27.04.2020
We would like to inform you that as of 28 April 2020, Resolution No 57 of the Board of the National Bank of Ukraine of 27 April 2020 on Introducing Amendments to Certain Legislative Acts of the National Bank of Ukraine, by which the National Bank brought its regulatory framework in the field of currency regulation and control in line with the amendments provided for by Law of Ukraine No. 361-IX on Prevention and Counteraction of Legalisation (Laundering) of Criminal Proceeds, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction, which came into force on 28 April 2020.
Consequently, the threshold amount on foreign exchange transactions for which simplified currency supervision requirements are set has been increased from UAH 150,000 to UAH 400,000 (equivalent).
In addition, a number of issues were settled regarding the execution of certain transactions by non-residents of Ukraine. In particular, due to these amendments, private non-residents will use their own current accounts in Ukrainian banks for settlements under life insurance contracts and transactions for the sale of corporate rights and real estate.
For further explanations and advice on the above Resolution, please contact the employees of the regional Departments for Analysis and Control of Currency Transactions of Legal Entities via the telephone numbers listed below.
Department for Analysis and Control of Currency Transactions
of Pivdenny Joint-Stock Bank
For advice, please call:
Odesa 048 757 92 92
Kyiv 044 5932051
Lviv 032 2267578
Dnipro 056 2362121