Disclosure of the beneficiary of the foreign counterparty to a bank when paying abroad
This obligation is established by the Board of the National Bank of Ukraine and enshrined in Resolution No. 8 dated January 2, 2019. When opening and using a bank account of a Ukrainian company, banks require to get and update information about the owners of such a company. In some cases, banks began to require information about foreign counterparties from Ukrainian companies. Our attorney Anastasia Soloviova will tell us below about when such a requirement is justified and what list of issues should be discussed in advance with a foreign counterparty.