Banking re-compliance for the current bank clients

18 марта : ru 15 en 217 марта : ru 10 16 марта : ru 9 всего: 61 16.03.20

It is not a secret for international business company owners that banking compliance becomes a more complex procedure covering the wider range of questions.

Now banks may perform even re-compliance among their current clients. It may occur either due to the bank scheduled procedure prescribed by internal bank regulations, or due to amendments to be made in the client’s file, having facilitated re-inspection unintentionally, or for any other reasons. Anyway, today banks launch a new procedure for their current clients’ assessment, while today inspection procedure is not the same as it was a few years ago.

Interlegal regular corporate client engaged in transport and forwarding filed such a request. As reliable bank client, it has received a letter containing the list of questions upon types/scheme of activity and business structure.

Having analyzed bank questions, Interlegal corporate lawyers analyzed the current Ukrainian legislation (with regards to further amendments under the draft law 1210) and drafted a legal opinion for the bank concerning lawfulness of business scheme. They held also several e-meetings with the bank and clarified practical aspects of applying the Ukrainian legislation and relations with supervisory bodies.

It resulted in banking re-compliance, account operation under standard mode and successful project completion.

Our clients should note that during review of company structures and preparation to negotiations with the Ukrainian supervisory bodies (on CFC, business target of transactions etc.) they should bear in mind bank control. While communicating to managers, we recommend engaging lawyers for legal support of your own comments/arguments.


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