The State Tax Service and the National Bank of Ukraine are implementing a new approach to communicating with banks regarding currency supervision
The State Tax Service of Ukraine, together with the National Bank, are introducing an updated approach to the formation of requests sent to banking institutions in cases of violation by business entities of the established terms of settlements for foreign economic operations.
The joint initiative of the State Tax Service and the NBU is aimed at improving currency supervision, ensuring transparency of financial flows and preventing the illegal outflow of foreign currency from the country.
The updated structure of requests has been developed taking into account the requirements for maintaining banking secrecy. This allows for the appropriate level of legal certainty and effective interaction between regulatory authorities and financial institutions.
Special emphasis is placed on ensuring that banks provide answers to requests completely, accurately and within the established deadlines. This approach will help improve the quality of analytical work, enhance the transparency of financial transactions, and increase trust in the financial system of Ukraine.
As a reminder, from May 10, 2025, the National Bank of Ukraine began implementing stimulating currency liberalization, the purpose of which is to attract additional capital into the country’s economy. According to the regulator’s decision, Ukrainian enterprises are allowed to conduct certain currency transactions above the current restrictions, but within the established investment limit.
