Checks in the new format :
The possibility has been established for banks to independently determine Does simplification the address for conducting on-site inspections.
The procedure for notifying the NBU of decisions regarding violations of the law has been clarified.
In practice, this can significantly reduce the time required to conduct inspections, but also creates risks of insufficient transparency.
When analyzing changes to legislation in the field of financial monitoring, one cannot ignore international experience. In many countries, simplification of procedures, especially in crisis situations, was accompanied by increased control by regulators. For example:
The US introduced a number of relaxations for banks during the 2008 financial crisis, but at Does simplification the same time tightened auditing.
The result: banks gained more flexibility, while avoiding abuse
The EU also introduced relaxed customer identification the best digital marketing certifications requirements during the COVID-19 pandemic, but imposed strict fines for non-compliance with transparency requirements.
These examples demonstrate that simplification of procedures can only work if there is effective control. For Ukraine, this balance is especially important, as war requires maximum mobilization of resources without losing confidence in the financial system.
Practical challenges for business
For businesses, the new NBU regulations are not just a set of rules, but a daily reality that changes the way we work. Here are some examples of the challenges clients face:
Difficulties with documents . In the event of loss or damage to identification documents due to military actions, there are difficulties in restoring them and, consequently, in accessing financial services.
Risk of data inconsistency . Simplified identification he spent the second year of procedures can lead to data errors that are difficult to correct later.
Increasing pressure on business . Despite the simplification of certain procedures, business remains at risk of fines for the slightest violations, as the new regulation introduces stricter requirements for internal financial monitoring.
What to expect in the future
In my opinion, the success of the new Regulation will depend on atb directory how clearly the mechanisms for its implementation are defined. Here are a few steps that could make the system more effective:
Transparency : Open access to statistics and reporting on compliance with the Regulations will strengthen trust in the regulator.
Business training . Conducting training and consultations for banking institutions and entrepreneurs will help avoid mistakes during the adaptation phase to new requirements.
