Published 31 May 2016. Some rules have changed since; ask us for the current position.
When opening accounts for clients whose place of residence or registered office is at an address affected by a decision to renumber buildings or rename streets (avenues, boulevards, squares, lanes, blocks, etc.), settlements or administrative units, or by changes to the administrative and territorial structure, banks must add to the account file the relevant decisions of the Verkhovna Rada of Ukraine or local self-government bodies.
As the regulator, the National Bank of Ukraine, explains in its letter No. 18-0005/45234 of 27 May 2016, banks are required to identify and verify clients: account holders, their representatives and persons opening accounts for the benefit of third parties.
The law on preventing and combating the legalisation (laundering) of the proceeds of crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction provides that the details of the bank where the client's account is opened, the current account number, the place of residence or stay of an individual resident of Ukraine and other information needed to know the client are established by the primary financial monitoring entity on the basis of official documents and/or information received from the client and certified by them, and from other sources where such information is public.
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