For the duration of martial law, the NBU loosens some of the source verification requirements for the financial transactions to purchase domestic government debt securities (war bonds).
The banks shall adhere to all the other AML/CFT requirements in line with the Law of Ukraine On Preventing and Counteracting to Legalization (Laundering) of the Proceeds of Crime, Terrorism Financing, and Financing Proliferation of Weapons of Mass Destruction and other regulations implementing this law.
The NBU Board approved the respective decision by its Resolution No. 47 On Amendments to NBU Board Resolution No. 25 dated 27 February 2022 and Compliance with Certain Requirements of Financial Monitoring Laws Under Martial Law dated 11 March 2022.
The Resolution comes into force on 11 March 2022 and will stay valid along with Presidential Decree No. 64/2022 On Introducing Martial Law in Ukraine dated 24 February 2022.
As previously reported, for the duration of martial law, the NBU has loosened some of the source verification requirements for the financial transactions to support the Armed Forces of Ukraine as well as crediting charity contributions into the account of the Ministry of Social Policy of Ukraine opened by the NBU to support citizens of Ukraine who were the most severely affected by war.