Business news from Ukraine

NATIONAL BANK OF UKRAINE ISSUES CURRENCY TRANSFER LICENSE TO GLOBALMONEY

The National Bank of Ukraine has issued a currency transfer license to GlobalMoney LLC.
According to a posting on the website of the NBU, the decision was made on June 4.
GlobalMoney LLC has become the 19th participant in the foreign exchange market, having received the license to carry out foreign exchange operations in accordance with the law on currency and foreign exchange transactions.
The licenses issued on the basis of the law on currency and currency transactions for the implementation of currency transactions will be indefinite, whereas previously the general currency exchange licenses were issued for a period of up to three years.
The NBU provided an opportunity for simplified re-issuance of licenses to all participants in the currency exchange market. To do this, non-bank financial institutions must submit a small package of documents and return the original general license. The regulator makes a decision on reissuing the license within two months after receiving the package of documents.

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