The registry was created in accordance with the recommendations of the Financial Action Task Force (FATF) and the national legislation of Ukraine.
Foreign banks and financial institutions when approving a loan or issuing funds involving Ukrainian parties
Governmental bodies and international organizations
Insurance companies when issuing a policy coverage for Ukrainian legal entities
Non-profit organizations and media, for research or investigations in the field of combating corruption and promoting transparency
One-time or regular client database check
Extended comprehensive check of the status of a politically significant person and their relatives
Integration with CRM/ERP system and updating information about the change in PEP status of a physical person from Ukraine
Compliance with regulatory requirements and rules on anti-money laundering (AML) and counter-terrorism financing (CTF)
Identification of clients with a higher risk level, potential involvement in corruption, bribery, or other illegal actions
Evaluation of financial activity and monitoring of transactions of PEPs and their relatives, to ensure compliance with regulatory requirements and reduce potential risks
Reducing reputational risks. Control of financial transactions with relatives of politically significant persons involved in corruption or illegal activity
Compliance with licensing requirements for certain types of activities