The National Bank proposes for public discussion changes to the Rules for the storage, protection, use and disclosure of banking secrecy. This was reported by the NBU press service.
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What does the NBU offer
It is noted that the changes are related to the need to bring the Rules for the storage, protection, use and disclosure of bank secrecy in accordance with Articles 62, 622 of the Law of Ukraine “On Banks and Banking Activities” and to improve the procedure for disclosing information constituting bank secrecy to the National Bank of Ukraine.
In particular, in connection with this, it is provided:
to add to the list of information that constitutes banking secrecy and is disclosed by banks at the request of authorized government bodies;
to clarify the type of information that constitutes banking secrecy and which the National Bank of Ukraine has the right to provide to the Deposit Guarantee Fund of Individuals;
to clarify the types of checks carried out by the National Bank of Ukraine, during which banks are required to provide documents and their copies containing information constituting bank secrecy.
As the regulator notes, such norms contain a draft resolution of the Board of the National Bank of Ukraine “On approval of Amendments to the Rules for storage, protection, use and disclosure of bank secrecy.”
What does this give to banks
It is proposed that banks will additionally disclose, at the request of government agencies, information about unique identifiers and/or numbers of issuing payment instruments.
This could be, for example , payment card numbers of both counterparties to the transaction (both the payer and the recipient of funds), as well as the name of the counterparty's payment service provider.
- Banks