The National Bank has prepared updated proposals regarding the organization of cash collection and transportation of banks' currency valuables.

This is reported by the press service of the National Bank.

Currently, it is proposed to re-discuss changes to the requirements for the activities of cash collection units of banks and legal entities that have obtained a license to carry out cash operations and carry out activities involving the collection of funds and the transportation of currency and other valuables (CIT companies).

The purpose of the changes is to strengthen the protection of values that are collected and transported and to establish uniform requirements for all market participants.

What changes the National Bank proposes

In particular, the regulator proposes:

  • establish a requirement for direct collection of payment devices (PTKS) by cash-in-transit collectors in accordance with cash collection service agreements;

  • to clarify the requirements for armed escort of valuables during their collection and transportation in Ukraine;

  • introduce the use of a technological video surveillance camera contained in an operational vehicle to record the actions of the cash-in-transit crew during the loading/unloading of valuables throughout the entire cash-in-transit route and transportation of valuables, and establish requirements for its use;

  • to oblige banks and CIT companies to store and provide information (video recordings) regarding the location of vehicles on cash-in-transit or valuables transportation routes upon the request of authorized representatives of the National Bank during supervisory actions.

    • Recall that Finance.ua previously reported that the National Bank updated the procedure for organizing cash collection and transportation of currency valuables across the territory of Ukraine for banks and legal entities that have a license. The changes are aimed at bringing the regulatory framework into compliance with the legislation of Ukraine and the requirements of the European Union.