Today, on 21 September 2020, Ihor Bereza completes his duties as director of the Financial Monitoring Department of the National Bank of Ukraine (NBU).
In this regard, the NBU will soon start a competitive selection process to fill the vacancy of Financial Monitoring Department director.
Among other responsibilities, the future director of this department will be in charge of the following:
- ensuring the regulation and supervision in the area of prevention and counteraction to legalization (laundering) of proceeds from crime, terrorism financing, and financing of proliferation of weapons of mass destruction as concerns the operation of banks, subsidiaries of foreign banks, resident nonbank financial institutions that are payment organizations and/or members/participants of payment systems
- organization and conduct of currency control over banks, subsidiaries of foreign banks, other financial institutions, and the national operator of postal services that hold the NBU license to conduct currency transactions
- methodological and procedural support to ensure the completion by banks, subsidiaries of foreign banks, and nonbank financial institutions of tasks and obligations as reporting institutions
- issuance of licenses to individuals and legal entities to conduct currency transactions that are subject to licensing under the currency legislation of Ukraine
- registration of transactions with currency valuables as per the procedure established by the NBU under the currency legislation of Ukraine.
For detailed information on job application requirements, please go to the NBU’s website.
Ihor Bereza took the helm of the Financial Monitoring Department of the National Bank of Ukrainein June 2015. He was in charge of ensuring the proper implementation of financial monitoring by all participants of the financial sector.
As part of the key accomplishments in this area during Ihor Bereza’s time in office, the NBU has done the following:
- introduced the risk-based approach for all processes of the reporting institutions (banks, other financial institutions, etc.)
- successfully implemented new requirements of the legislation on financial monitoring and approved regulations on conduction of financial monitoring by banks and nonbank institutions
- developed and implemented full-scale and simplified models (in the case of meeting the limits) for the remote identification and verification of bank customers
- engaged in effective cooperation with international organizations in the area of counteraction to money laundering and financing of terrorism, including Financial Action Task Force on Money Laundering (FATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).