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National Bank of Ukraine updates rules.

Kyiv: The National Bank of Ukraine updated the current Rules for Storage, Protection, Use and Disclosure of Bank Secrecy.

It resolved the issue of banking secrecy information disclosure (by banks) in electronic format.

It defined the details of provision by banks of the banking secrecy information to the National Anti-Corruption Bureau of Ukraine, private executors. Appropriate amendments were approved by NBU Board Resolution No. 124 dated 4 December 2017 On Approval of Amendments to the Rules for Storage, Protection, Use and Disclosure of Bank Secrecy and will come into force on 1 January 2018.

The NBU updated references to the laws of Ukraine, which entailed adoption of the Rules for Storage, Protection, Use and Disclosure of Bank Secrecy (approved by NBU Board Resolution No. 267 dated 14 July 2006). It improved the procedure for e-disclosure of banking secrecy information by banks.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Dec 30, 2017
Words:141
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