🚀 Ukraine🇺🇦: Zelensky signs law to combat "dropers"

🚀 Ukraine🇺🇦: Zelensky signs law to combat "dropers"

The Law №11043 expands the powers of the National Bank and introduces new regulations for the banking sector. This reform was one of the IMF’s demands.

▶️ Key changes include the creation of a "money mule" or "droper" registry.

▶️ Banks, postal operators, and foreign payment institutions’ branches can now offer auxiliary and related financial services, such as instant transfers.

▶️ The law also allows credit cooperatives to attract loans in foreign currency from foreign donors.

▶️ The National Bank (NBU) gains the right to set requirements on the adequacy and calculations of the regulatory capital for non-banking payment service providers.

▶️Remote inspections have been implemented, and the fine has been increased (up to 5% of the transaction amount) for legal violations.

▶️ However, before the final vote, amendments proposing partial access to citizens' banking data by the national police were rejected.
#news #neighbor

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