“Representatives of financial institutions discussed joining efforts of the banking sector for effective countermeasures against financial crimes.”, — write: www.unian.ua
Representatives of financial institutions discussed joining efforts of the banking sector for effective countermeasures against financial crimes.
The number of financial institutions that will introduce restrictions on card transfers has increased significantly / photo REUTERSAnother 25 financial institutions – 23 banks and two financial companies – joined the memorandum on limiting card transfers, which was signed by the four largest Ukrainian banks. This was reported by the press service of the Association of Ukrainian Banks (AUB).It is reported that the association held a meeting with the top management of leading banks and financial companies of Ukraine. They discussed “joining the efforts of the banking sector to effectively combat financial crimes that undermine the stability of the economic system.”
“The signed Memorandum is the market’s response to the challenges facing the banking system and is aimed at minimizing abuses through “drop schemes”. We are convinced that the implementation of these measures will significantly reduce risks, ensure transparency and increase confidence in the financial sector of Ukraine.” – noted the president of AUB Andriy Dubas.
Another 23 banks of Ukraine and 2 financial companies, which are also payment systems, joined the Memorandum on ensuring the transparency of the functioning of the payment services market:
- “Ukreximbank”
- “UKRGASBANK”
- “KRYSTALBANK”
- “GLOBUS BANK”
- “MTB BANK”
- “RADABANK”
- “Idea Bank”
- “ALTBANK”
- “Alliance Bank”
- “EPB”
- “CLEARING HOUSE”
- “Polycombank”
- “TRUST CAPITAL BANK”
- “Ukrainian Bank of Reconstruction and Development”
- “OXI BANK” JSC “FIRST INVESTMENT BANK”
- “AGROPROSPERIS BANK”
- “NovaPay” (NovaPay)
- “ProCredit Bank”
- “Cominbank”
- Pravex Bank
- FC “EVO” (RozetkaPay)
- BANK “UKRAINIAN CAPITAL”
- “SENSE BANK”
- “SKY-BANK”
Restrictions on card transfers – what is knownOn December 10, the National Bank announced the signing of the Memorandum on ensuring the transparency of the banking payment services market between two specialized associations and four banks: “Oshchadbank”, “Raiffeisen Bank”, “KB PrivatBank” and “Universal Bank” (monobank).
The memorandum provides for checks of clients already at the stage of opening accounts and their division into those for which there are criteria of “high” risk and “low” risk. Restrictions on transactions for clients with unconfirmed income will be: UAH 50,000 for those classified as “high” risk, and UAH 150,000 for clients with “medium” and “low” risk from February 1, 2025 and UAH 100,000 from June 1, 2025.
Vasyl Furman, a member of the NBU Council, said that the vast majority of Ukrainian citizens will not feel the restrictions on card transfers introduced by banks. The client can also provide the bank with relevant certificates of salary or other income, in which case the limit will be extended.
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