Ukraine to create registers of compromised bank cards and unreliable traders
Date: 2024-09-09 Author: Alexei Fomin Categories: COMMUNITY
This is necessary to combat tax evasion.
During a meeting with the heads of 30 largest banks, NBU Governor Andriy Pyshny recalled that the NBU limits on p2p transfers will be in effect from October 1. The final decision on the limit of 150 thousand hryvnia per month is temporary, until banks strengthen their own financial monitoring systems, and has a number of exceptions, in particular for volunteers.
"Our position: the market should not be overregulated. But in a situation where the budget is losing billions of dollars in taxes due to illegal schemes, such steps are necessary," Pyshny said.
Oleynik noted that the NBU and most banks are actively fighting "drops", but some institutions do not interfere with such clients, considering the growth of the client base more important than the risks of using the bank for money laundering.
According to him, the NBU recommends that banks agree at the association level so that the main guideline for applying limits is the confirmed level of clients' income indicated in the questionnaire. And that the limits are set simultaneously across the entire market to avoid clients changing one bank for another.
Oleynik also noted the importance of tracking and monitoring export-import transactions for the purchase of energy equipment, and analyzing individual entrepreneurs in the practice of tax evasion by corporations.
The banking community on this issue should provide its proposals, which the NBU will work out and give appropriate recommendations, the NBU press service reported.
Recall that the National Bank of Ukraine introduced a limit of 150 thousand hryvnias per month for transfers of individuals "from card to card" (P2P) from October 1. The limit will help minimize the use of payment infrastructure in illegal activities, in particular using “drop” accounts, which are a common mechanism for the functioning of the shadow economy.
During a meeting with the heads of 30 largest banks, NBU Governor Andriy Pyshny recalled that the NBU limits on p2p transfers will be in effect from October 1. The final decision on the limit of 150 thousand hryvnia per month is temporary, until banks strengthen their own financial monitoring systems, and has a number of exceptions, in particular for volunteers.
"Our position: the market should not be overregulated. But in a situation where the budget is losing billions of dollars in taxes due to illegal schemes, such steps are necessary," Pyshny said.
Oleynik noted that the NBU and most banks are actively fighting "drops", but some institutions do not interfere with such clients, considering the growth of the client base more important than the risks of using the bank for money laundering.
According to him, the NBU recommends that banks agree at the association level so that the main guideline for applying limits is the confirmed level of clients' income indicated in the questionnaire. And that the limits are set simultaneously across the entire market to avoid clients changing one bank for another.
Oleynik also noted the importance of tracking and monitoring export-import transactions for the purchase of energy equipment, and analyzing individual entrepreneurs in the practice of tax evasion by corporations.
The banking community on this issue should provide its proposals, which the NBU will work out and give appropriate recommendations, the NBU press service reported.
Recall that the National Bank of Ukraine introduced a limit of 150 thousand hryvnias per month for transfers of individuals "from card to card" (P2P) from October 1. The limit will help minimize the use of payment infrastructure in illegal activities, in particular using “drop” accounts, which are a common mechanism for the functioning of the shadow economy.
