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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of June 22, 2015 No. 376

About approval of the Instruction about money transfers

(as amended on 05-04-2021)

Based on paragraphs of the twenty first, twenty fifth of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the Instruction about money transfers it (is applied).

2. Recognize invalid:

the resolution of Board of National Bank of the Republic of Belarus of June 2, 2004 No. 87 "About approval of the Instruction about procedure of wire transfers through private payment systems" (The national register of legal acts of the Republic of Belarus, 2004, No. 104, 8/11130);

the resolution of Board of National Bank of the Republic of Belarus of September 20, 2010 No. 395 "About modification and amendments in the Instruction about procedure of wire transfers through private payment systems" (The national register of legal acts of the Republic of Belarus, 2010, No. 265, 8/22901);

the resolution of Board of National Bank of the Republic of Belarus of December 20, 2014 No. 794 "About modification and amendments in the Instruction about procedure of wire transfers through private payment systems" (The national legal Internet portal of the Republic of Belarus, 01.01. 2015, 8/29447).

3. This resolution becomes effective since September 7, 2015.

Chairman of the board

P.V.Kallaur

It is approved

Prime Minister of the Republic of Belarus

June 22, 2015 

 

A. V. Kobyakov

It is approved

Chairman of the State Control Committee of the Republic of Belarus

June 22, 2015

 

L. V. Anfimov

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of June 22, 2015 No. 376

The instruction about money transfers

Chapter 1. General provisions

1. This Instruction determines procedure for provision by banks, non-bank credit and financial organizations of the Republic of Belarus, their isolated and structural divisions (further - banks) services in money transfers in Belarusian rubles and foreign currency by means of money transfer systems.

2. For the purposes of this Instruction the terms below are used in the following values:

authorization - provision to the client of the rights to services in money transfer by the address of the client on the website (the national website) of money transfer system, the websites of participating banks, and also by means of use of systems of remote bank servicing and mobile applications;

authentication - verification of the data provided by the client by their comparison with the data kept in money transfer system or which are available in bank owner, participating bank;

agent bank - the participating bank allocated with the owner of money transfer system according to the contract signed between them, powers on creation and ensuring functioning of the national website of money transfer system and also for provision by means of this website to physical persons of services in money transfers;

bank owner - the bank which is the owner of money transfer system;

participating bank - bank, being the participant of money transfer system;

intra bank money transfer - the remittance made within one bank owner, participating bank;

interstate money transfer - the remittance made within the Republic of Belarus;

the owner of money transfer system - bank or the legal entity - the nonresident, the determining conditions and rules of functioning of money transfer system performing other functions on ensuring functioning of money transfer system;

the service provision agreement on money transfers - the public agreement containing conditions of rendering services in money transfers by bank owner, participating bank, and also the rights and obligations of bank owner, participating bank and clients when implementing money transfers;

money transfer - the wire transfer of money which is not connected with business activity made by means of money transfer system on which one of the parties or both parties are physical persons;

identification of the client - complex of actions as a result of which according to requirements of the Law of the Republic of Belarus of June 30, 2014 No. 165-Z "About measures for prevention of legalization of the income received in the criminal way of financing of terrorist activities and financing of distribution of weapons of mass destruction" establishes data on clients or comes to light the identifier which is unambiguously identifying the client in money transfer system, bank owner, participating bank and also accuracy of the data about clients proves to be true;

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