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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of December 24, 2014 No. 818

About some questions of the internal control exercised by banks, the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company

(The last edition from 15-02-2018)

Based on part one of article 39 of the Bank code of the Republic of Belarus, part two of Article 5 and in pursuance of paragraph two of article 19 of the Law of the Republic of Belarus of June 30, 2014 "About measures for prevention of legalization of income gained in the criminal way of financing of terrorist activities and financing of distribution of weapons of mass destruction" the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve enclosed:

The instruction about requirements to rules of internal control of banks, the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company in the sphere of prevention of legalization of the income received in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction.

2. In six-months time after entry into force of this resolution to provide to banks, the non-bank credit and financial organizations and "Development Bank of the Republic of Belarus" open joint stock company completion of the electronic database of questionnaires of clients according to the Instruction about requirements to rules of internal control of banks, the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company in the sphere of prevention of legalization of the income received in the criminal way, financings of the terrorist activities and financing of distribution of weapons of mass destruction approved by this resolution.

3. This resolution becomes effective after its official publication.

Chairman of the board

N. A. Ermakova

Approved by the Resolution of Board of National Bank of the Republic of Belarus of December 24, 2014 No. 818

The instruction about requirements to rules of internal control of banks, the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company in the sphere of prevention of legalization of the income received in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction

Chapter 1. General provisions

1. This Instruction establishes requirements to rules of internal control of banks, non-bank credit and financial organizations, open joint stock company (further - joint stock company) "Development bank of the Republic of Belarus" (further, unless otherwise specified, - banks) in the sphere of prevention of legalization of income gained in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction, except for requirements when making of the transactions initiated by physical persons and legal entities with non-deliverable off-exchange financial instruments which are established by other regulatory legal act of National Bank of the Republic of Belarus.

2. For the purposes of this Instruction terms in the values determined by the Law of the Republic of Belarus of June 30, 2014 "About measures for prevention of legalization of income gained in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction" are used (The national legal Internet portal of the Republic of Belarus, 03.07. 2014, 2/2163), and also following terms and their determinations:

identification agents - persons performing identification of clients of bank, their representatives at the request of bank based on the agreement or the legal act;

the analyzed period - the interval of time averaging one calendar month determined by bank depending on type of the financial transactions performed by the client for which the bank analyzes financial transactions of the client at stage of the subsequent control;

the questionnaire of the client - data set in electronic form, collected by bank concerning the client during its identification and the verification containing the information about the client and his activities, the stipulated in Clause 8 Laws of the Republic of Belarus "About measures for prevention of legalization of income gained in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction", by this Instruction and rules of internal control of bank;

questioning - creation of the questionnaire of the client by bank;

corresponding banks - banks with which banks establish correspondence relations with opening of the correspondent and (or) clearing account;

verification - the actions for check and (or) amendment of the data of the client received during identification performed by bank;

identification - set of actions for establishment the income determined by the Law of the Republic of Belarus "About measures for prevention of legalization gained in the criminal way, financings of terrorist activities and financing of distribution of weapons of mass destruction", by this Instruction and rules of internal control of databank about clients;

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