A seminar on "Legal Basis of Currency Regulation and Control" was held at the head office of the private joint stock bank "Trustbank" by the Department of Foreign Economic Activity and Currency Operation Department of the Financial Institution. The seminar was attended by employees of the Sanctions Compliance Service of the Bank and the Department of Foreign Economic Relations and Foreign Exchange Operations, as well as specialists of departments of foreign economic relations of its branches.
At this seminar, organized to improve the skills of specialists of departments of foreign economic relations of branches, such issues as ensuring the reliability of statistical reporting on currency transactions, the correct application of codes of currency transactions, and the risks associated with financial sanctions. In addition, emphasis was placed on the implementation of the Law "On Currency Regulation" and legal documents related to the sphere.
In particular, the Director of the Department of Foreign Economic Activities and Foreign Exchange Operations of the PSJB "Trustbank" V.I.Pay in his speech noted that the implemented measures to improve the monetary Credit policy and foreign trade activities help attract foreign investment to our economy, increase export potential, development of small business and private enterprise.
It was noted that improvement of investment climate, removal of obstacles to business activity, the introduction of modern mechanisms of mutual settlements on foreign trade contracts, monitoring and control of foreign trade operations impose great responsibility on employees of foreign economic activity.
This seminar is important to improve the professional skills of banking workers in reducing the risk of violation of the requirements of the currency legislation, ensuring the reliability of statistical reporting on foreign exchange transactions, and organization of effective foreign economic activity.
Detailed responses to questions from participants were also provided.
