The National Bank of Ukraine (NBU) plans to strengthen financial monitoring of operations carried out through current accounts. According to the new requirements that were published on the official website of the NBU, control over financial transactions will be significantly expanded and will apply not only to banks, but also to non-bank financial institutions.
According to the new rules, such companies as marketplaces (for example, Rozetka Pay), postal terminals (NovaPay) and self-service payment terminals will come under control. The National Bank indicates that most of these institutions often violate financial monitoring rules because they do not sufficiently monitor their partners and clients who regularly make transfers through their systems.
The NBU requires non-banking institutions to implement such measures:
- surveyed their clients, collecting information about their income, source of funds and nature of activity;
- corroborated this information with relevant documents;
- monitored payment transactions of their clients;
- blocked money transfers in cases where operations deviate from the parameters announced by clients earlier.
In addition, the new rules oblige non-banking institutions to monitor all transfers, the amount of which exceeds 150,000 hryvnias per month. These changes are aimed at strengthening control over financial flows and preventing possible violations in the field of financial transactions, which is especially relevant in the current economic situation.
