The National Bank of Ukraine has proposed updating the procedure for disclosure of information protected by bank secrecy. The draft is intended to align bank practices with modern financial-security requirements and international standards.
The changes clarify which public authorities may receive customer information and under what legal procedures. The list concerns bodies responsible for financial investigations, sanctions control, anti-money-laundering work and prevention of terrorist financing.
Standard requests and stronger safeguards
The regulator proposes unified formats and deadlines so banks know exactly what information must be supplied and how. Clearer rules should reduce disputes and accelerate lawful cooperation between financial institutions and state bodies.
Personal-data protection remains a separate priority. Access should be provided only with a defined legal basis, and every procedure must meet confidentiality requirements. This is increasingly important amid sanctions, cyber threats and wartime financial risks.
The balance is central to the reform: authorities need effective tools for investigations, while clients and banks need confidence that confidential information cannot be accessed without justification and a traceable procedure.
