Citi Currency supervision Unit serves as a trusted partner to our clients by responsibly providing currency supervision services that enable growth and economic progress. To reach this goal we offer:
- High quality expertise while monitoring daily FX transactions
- Flexible and risk-oriented approach
- Preliminary review of documents (including drafts) for FX transaction
- Answering various inquires related to currency supervision and risky activity indicators
- Registration and further service of the loan/credit/financial aid agreements with non-resident
- Registration of transactions in “E-limit” system (daily and annual E-limit are available)
- Online webinars or face to face meetings related to currency control news and changes
Scope of clients for support:
- Resident legal entities
- Non-resident legal entities
- Representative offices of legal entities and institutions
- Programs of international technical aid
- Foreign investors
Main legislative acts, which govern FX transactions in Ukraine:
- Law of Ukraine "On Currency and Currency Transactions" No. 2474-VIII dated 21.06.2018.
- Law of Ukraine «On foreign economic activity» No. 959-XII dd 16.04.1991
- Law of Ukraine «On the prevention and counteraction to the legalization (laundering) of proceeds of crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction» № 361-IX dd 06.12.2019
- Resolution of NBU No. 1 dated 02 January 2019 "On Approval of Regulation On Foreign Currency Market of Ukraine Structure, Terms and Order for Foreign Currency and Banking Metals Trading on Foreign Currency Market of Ukraine".
- Resolution of the NBU No. 2 dated 02 January 2019 "On Approval of Regulation On Currency Transactions".
- Resolution of the NBU No. 5 dated 02 January 2019 "On Approval of Regulation On Anti-Crisis Measures and Procedure for Carrying Out of Certain Foreign Currency Transactions".
- Resolution of the NBU No. 6 dated 02 January 2019 "On Approval of Regulation On Notification of the National Bank of Ukraine about Cross-Border Loan Agreements".
- Resolution of the NBU No. 7 dated 02 January 2019 "On Approval of Regulation On Control of the Banks of Payment Terms under Goods Export-Import Goods Transactions".
- Resolution of the NBU No. 8 dated 02 January 2019 "On Approval of Regulation On Making Analysis and Verification of Information about Currency Transactions by Authorised Institutions".
- Resolution of the NBU No. 216 dated 28 July 2008 “On Approval of Regulation about the order of implementation of documents on transactions, obligatory crediting of accounts and arrest of funds in foreign currencies and bank metals and changes in some normative legal acts of the National bank of Ukraine”
- Resolution of the NBU No. 67 dated 14 May 2019 «On the establishment of exceptions and (or) peculiarities of introducing the time limits for calculating the export and import of goods, and amending certain regulations».