Thus, the hryvnia appreciated slightly, and the NBU returned to moderate purchases of foreign currency to replenish international reserves. We also quickly resolved the issue of cash FX deficit due to stalled air transportation. The NBU ensured that the supply of dollar and euro cash to Ukraine would continue, and made weekly transactions to exchange cash for noncash currency.
First, to ensure that the banking industry has clear understanding of regulatory expectations, the Federal Reserve has actively participated in supervisory forums, such as the FFIEC, which has an expansive BSA working group that promotes high standards for bank examinations and compliance.