...

NBU eases financial-monitoring and FX-control procedures for banks & non-bank FSPs

by Roman Cheplyk
Tuesday, June 24, 2025
1 MIN
NBU eases financial-monitoring and FX-control procedures for banks & non-bank FSPs

Effective 24 June 2025, Resolution № 67 updates the National Bank of Ukraine’s supervisory rule-book

What’s new?

Area Key tweak Benefit for market participants
On-site inspections Clearer grounds and simpler workflow for extending planned / unplanned inspections Less uncertainty, smoother scheduling
Remedial action plans More time for banks/NBFIs to file corrective-action road-maps after an inspection Reduces compliance pressure, encourages quality plans
Documentation format NBU will now issue inspection certificates & supervisory reports both electronically and on paper Faster access, audit-trail convenience

Why it matters

  • Lower compliance burden – streamlined timelines mean fewer staff hours lost to paperwork.

  • Sharper enforcement – clarified rules help the NBU focus on high-risk areas (AML/CFT, forex, sanctions) without bogging down solid institutions.

  • Digital push – twin-format reporting fits ongoing e-governance rollout, cuts courier costs, and keeps archives searchable.

“These refinements boost supervisory efficiency while giving firms predictable, proportionate oversight,” the NBU said in its release.

Next steps for industry

  1. Review updated text of Resolution № 67 (effective 24 June 2025).

  2. Adjust internal schedules for submitting post-inspection action plans.

  3. Prepare staff & IT systems to handle dual-format (e-doc + hard copy) correspondence with the regulator.

You will be interested