On 10 November 2026, the Verkhovna Rada of Ukraine approved, at first reading, Bill No. 14327-d, which provides for the creation of a centralised register of bank accounts and personal safe-deposit boxes. 249 Members of Parliament voted in favour of the bill. The Ministry of Finance is to administer the database, and state bodies specified by law will be able to determine in which financial institutions an individual holds accounts or safe-deposit boxes. However, details of account balances, transfer amounts and the contents of safe-deposit boxes will not be included in the register. This was announced by the Verkhovna Rada and the Ministry of Finance. The bill has not yet become law, so the new rules are not yet in force.
- On 10 November, the Verkhovna Rada passed Bill No. 14327-d at first reading by 249 votes.
- The document provides for the establishment of a state register of financial accounts and individual bank safe-deposit boxes.
- The database will store account holders’ identification details and information about financial institutions, but not account balances or payment histories.
- Under the approved version, direct access to the register is provided for the NACP, the BEB and the ARMA, although the procedure for access may still be amended.
- The register has not yet been launched. The bill is due to be considered at second reading, and its implementation is linked to Ukraine’s European integration.
What accounts and financial data will be entered in the register?
Bill No. 14327-d provides for the creation of a unified state system for the registration of accounts and individual bank safe-deposit boxes held by private individuals. Its purpose is to enable the relevant authorities to quickly ascertain in which banks and other financial institutions a particular individual holds accounts.
Under the provisions of the draft bill, the register will contain information on bank and payment accounts, securities accounts, e-wallets, as well as contracts for the use of individual bank safe deposit boxes.
The database will receive the account holder’s identification details, information about the financial institution and account details, including the IBAN.
At the same time, the Ministry of Finance emphasises that the register will not contain information on cash balances, the movement of funds, the amounts of transfers or the contents of bank safes.
Minister of Finance Sergey Marchenko He had previously explained that such a system would enable the authorities conducting financial investigations to contact the relevant banks directly, rather than sending requests to dozens of institutions.
Who will have access to Ukrainians’ bank accounts?
In the version endorsed by Parliament at first reading, direct access to the information in the register is provided for three state bodies:
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The National Agency for the Prevention of Corruption (NAZK).
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Economic Security Bureau (ESB).
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Asset Recovery and Management Agency (ARMA).
They will only be able to use this information within the limits of the powers set out in the law. Merely having access to information about the existence of an account will not mean that they can view all of the account holder’s banking transactions.
However, the final list of bodies is still subject to change.
Deputy Chair of the Parliamentary Committee on Finance Olga Vasilevska-Smaglyuk On 11 November, it was reported that, whilst preparing the document for its second reading, Ukraine is continuing consultations with the European Commission.
According to her, the European Commission is insisting on broader access for law enforcement agencies in line with European legislation. Ukrainian MPs, on the other hand, are discussing a compromise mechanism under which certain agencies would receive information via the public prosecutor’s office.
When will the register become operational, and what does SEPA have to do with it?
The creation of the register forms part of the legislative changes required for Ukraine to join the Single Euro Payments Area — SEPA.
This system brings together countries between which euro transfers are carried out in accordance with common rules. For Ukrainians and businesses, joining SEPA should simplify international payments and reduce the cost of transfers.
However, in order to participate in the system, Ukraine must bring its legislation into line with European standards on financial monitoring, anti-money laundering and the identification of ultimate beneficial owners. It is precisely these issues that are covered by Bill No. 14327-d.
The Ministry of Finance explains that, following the final adoption of the law, most of its provisions are due to come into force six months after its official publication. However, separate deadlines are set for the register of accounts and safe-deposit boxes.
Its implementation is to take place no later than the date on which the agreement on Ukraine’s accession to European Union. It is planned to allow the competent authorities access to the information no earlier than six months before that date.
Therefore, the draft bill does not mean that the state has already started compiling all Ukrainians’ financial data into a single database.
As of 14 November 2026, the bill has only been passed at first reading. It still needs to be finalised and considered again by the Verkhovna Rada. The final rules governing the register’s operation, the list of authorised bodies and the implementation timetable will depend on the final version of the law.
