Raiffeisen Bank Aval conducted for small business customers, the third seminar on monetary regulation of the financial operations

Kiev. 23 Nov. — Raiffeisen Bank Aval for the third time held the training seminar on the theme: “the regulation of foreign Exchange of financial transactions”. The participants were clients of a small business that engaged in foreign trade.

the Event was held in order to provide theoretical and practical assistance to comply with all applicable requirements of the currency legislation, and rose’to explain the recent changes that significantly affect all market participants.

During the seminar were discussed the requirements of the NBU on the regulation of currency transactions in the context of anti-crisis measures, the new rules of the NBU financial monitoring of foreign exchange transactions, which this year radically changed the approaches of the banks for inspection and study of customers.

Representatives of Raiffeisen Bank Aval was focused participants ' attention on the requirements on execution of documents for foreign exchange transactions, including, in the case of the presence of risk indicators of the NBU. Bankers also noted the need to monitor the timing of implementation of foreign trade operations and in-depth study of customers ' transactions and disclosure by banks of information on the ultimate beneficial owners.

During the seminar, customers had the opportunity to share experiences and get answers to their questions from the best experts of the Bank.

Given the interest of clients, the bankers plan to continue to hold such seminars, including – in other cities of Ukraine. Information about the places and dates of the next events will be available at the page Raiffeisen Bank Aval in Facebook.