At an online meeting on November 16, 2023, representatives of CS and Ukrainian banks discussed the specifics of working with the Non-Resident Accounts Registry in CBS B2.
Hryvnia transfers involving non-residents are considered foreign exchange transactions and require currency control in accordance with the Law of Ukraine “On Currency and Foreign Exchange Transactions”. Until the end of 2023, the “Register of Non-Resident Accounts” system, developed by the National Bank to facilitate the exchange of information between financial institutions, will operate exclusively in the mode of providing banks with data on open hryvnia accounts of clients identified as non-residents.
From the beginning of 2024, the system will be fully operational, providing banks with access to the Register for both providing and receiving information. In this regard, special forms were developed in CBS B2 and certain developments were made to facilitate and automate work with the Register of Non-Resident Accounts.
The following issues were discussed at the meeting with bank representatives:
- Features of providing information on non-resident accounts to the Register by the bank
- Sending requests to the Register and setting up workers to automate this process in CBS B2
- Synchronization of B2 data with Registry data
- Convenient visualization of the history of changes to accounts from the Register in CBS B2
- Features and settings for checking incoming/outgoing SEP messages and internal documents, setting up templates
- Features of manual and automatic document posting for transfers from/to non-residents and corresponding settings
- Features and settings for credits to consolidated and distribution transit accounts in CBS B2
- Implemented requests related to working with the Register of non-resident accounts in CBS B2, and plans for further developments
- Necessary steps and settings for the bank to successfully comply with the NBU requirements, which will come into effect on January 1, 2024.
A number of other questions about the specifics of working with the Register of Non-Resident Accounts and document verification were raised during the question and answer session.
