Ukrainians are more likely to have their accounts blocked after restrictions on card-to-card transfers
27 February 21:38
On February 1, banks in Ukraine imposed restrictions on card-to-card transfers (no more than UAH 150 thousand per month). This restriction was a continuation of the fight against the withdrawal of funds through the accounts of individuals. Financial monitoring has become much more rigorous in recent years. This is reported by obozrevatel, Komersant ukrainskyi reports.
According to the publication, Ukrainians began to block their accounts more often after the restriction on card-to-card transfers of no more than UAH 150 thousand per month.
A card may be blocked if it has been seized by the executive service or if the person cannot prove the legal origin of the funds.
You should also pay attention to the following cases:
- withdrawing an unusually large amount of cash in a region where you are not usually present;
- large online purchases, especially at night;
- receiving a large amount to your card and withdrawing it in cash;
- transactions with cryptocurrencies or other virtual assets worth more than UAH 30 thousand;
- transactions for large amounts.
Financial monitoring in Ukraine will only become more intense over time. It is the banks that must control that the client uses “white” money and that the financial institution does not help launder money earned in the “shadow”, the publication says.
