The Verkhovna Rada, Ukraine's parliament, in October 2014 passed the law obliging businesses to reveal their ownership structure.
The National Bank of Ukraine (NBU) from January 1, 2018 to March 31, 2018 inclusively will not apply measures against Ukrainian banks for violations of reporting rules and compliance regulations, according to the NBU website.
The National Bank of Ukraine (NBU) has allowed banks and non-banking financial institutions to purchase and transfer foreign currency for the placement of guarantee deposits in the accounts of international payment systems outside Ukraine based on individual NBU licenses, according to the regulator website, referring to the relevant NBU ruling.
