KYIV, Oct 24 – The National Bank of Ukraine (NBU) has amended the rules of issuing licenses for money transfer in the national currency without opening accounts to nonbank financial institutions and the rules of revoking them.

"The purpose of these changes is to ensure that the National Bank implements and monitors the effectiveness of the sanctions applied by the National Security and Defense Council of Ukraine in accordance with the law of Ukraine on sanctions. In addition, it is about clarifying the requirements for transparency of the ownership structure of nonbank financial institutions and harmonizing regulatory acts of the regulator with the requirements of European legislation regarding the revocation of licenses," the NBU reported on its website.