Ukraine’s central bank orders transparency for non-bank sector
Non-banks must disclose all beneficial owners to NBU and reform ownership or face losing licences
Ukraine’s central bank has passed a wide-ranging regulatory order allowing it to force non-bank financial institutions to increase their transparency.
The National Bank of Ukraine published the order on April 16, two days after it was passed by a board vote. It instructs all non-bank financial institutions, except credit unions, to disclose their owners within two months.
An NBU statement details what kinds of arrangements it intends to reform, and orders that all non-banks that it judges to
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