“The risk” for banks

“The risk” for banks is in “the revised criteria” of the definition of the persons related to the banks’, considers Vitaliy Kolesnikov, attorney at law of Pavlenko Legal Group.
National Bank was authorized to define the legal entities and individuals related to the banks not only on the basis of formal criteria, but also taking into account the nature of the relationships, transactions and the availability of any other links with the bank.