State Tax Service and National Bank of Ukraine introduce new approach in communication with banks regarding currency supervision

State Tax Service, together with the National Bank of Ukraine, introduce updated approach to forming requests sent to banking institutions in case of violation by business entities of the established deadlines for settlements on foreign economic operations.

Structure of the requests takes into account requirements for maintaining banking secrecy. This ensures appropriate level of legal certainty and effective communication between regulatory authorities and financial institutions.

Particular attention is paid to ensuring that banks provide complete, accurate and timely responses to inquiries. This approach will improve analytical work, increase transparency of financial transactions and strengthen trust towards the financial system of Ukraine.

Joint work of the State Tax Service and National Bank of Ukraine is aimed at increasing efficiency of currency supervision, transparency of financial transactions and preventing illegal withdrawal of foreign exchange from Ukraine.