Home » Information materials » Official information » Archive » 2018

NBU Introduced New Rules for Assessing the Bank’s Risk Management System

8 June 2018



NBU continues to increase the effectiveness of supervision on AML/CFT monitoring issues with risk-based approach.


In particular, the NBU has changed the form of the Report on risk management in the area of AML/CFT monitoring. The new reporting format will allow better assessment of the bank’s risk management system.


Also, the frequency of submission of such Report has changed. It will be submitted by the bank to the NBU annually, rather than quarterly, as before.


In addition, the NBU introduced a new procedure to be applied, if during the on-site inspection risky financial transactions schemes are detected, the conclusion as to the compliance or non-compliance of which with the legislation can not be stated in the on-site inspection report (without additional consultations).


From now on, such a report will detail the identified financial transactions with a detailed statement of relevant facts. The copies of documents certifying such facts will be added to the inspection materials.


The verification of detected facts will be continued off-site.


The amendments to the Regulation for Procedure for Organization and Carrying out Inspections on Prevention and Counteraction of Legalization (Laundering) of Proceeds from Crime, Terrorism Financing and Financing of Weapons of Mass Destruction Proliferation approved by NBU Board Resolution No. 197 dated 20 June 2011 were introduced by NBU Board Resolution No.59 dated 5 June 2018.


Regulation No. 59 comes into force on 9 June 2018.

Last modification   08.06.2018