RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of July 28, 2020 No. 106

About approval of the Regulations on application of corrective actions by the National Bank of Ukraine to organizations for violation of the law concerning financial monitoring

According to Articles 7, of 15, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 4, 18 Laws of Ukraine "About prevention and counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction", for the purpose of determination of procedure for application by the National Bank of Ukraine of the income provided by the Law of Ukraine "About prevention and counteraction of legalization (washing) gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction" corrective actions presentations of requirements for violations of the legislation by organizations concerning financial monitoring, and also control of their accomplishment the Board of the National Bank of Ukraine DECIDES:

1. Approve Regulations on application of corrective actions by the National Bank of Ukraine to organizations for violation of the law concerning financial monitoring which is applied.

2. Recognize invalid:

1) the resolution of Board of the National Bank of Ukraine of May 12, 2015 No. 316 "About application of sanctions against non-bank financial institutions";

2) the resolution of Board of the National Bank of Ukraine of January 2, 2019 No. 11 "About modification of the Regulations on application by the National Bank of Ukraine of sanctions for violation of the law concerning prevention and counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction".

3. (Igor Bereza) to provide to department of financial monitoring placement of this resolution on pages of official Internet representative office of the National Bank of Ukraine.

4. To impose control over the implementation of this resolution on the First Deputy Chairman of the National Bank of Ukraine Ekaterina Rozhkova.

5. The resolution becomes effective from the date of, its official publication following behind day.

Approved by the Resolution of Board of the National Bank of Ukraine of July 28, 2020 No. 106

Regulations on application of corrective actions by the National Bank of Ukraine to organizations for violation of the law concerning financial monitoring

I. General provisions

1. This Provision is developed according to requirements of the Laws of Ukraine "About prevention and counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction" (further - the Law), "About the National Bank of Ukraine", "About ministerial procedure" and other legal acts of Ukraine.

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