As early as next week, Ukrainian banks plan to sign a joint memorandum introducing unified market practices and approaches to due diligence of clients and monitoring of financial operations on clients' accounts. It is reported Interfax-Ukraine with reference to market participants.
According to them, it is predicted that the document will provide for a step-by-step reduction of the monthly transaction limit, after exceeding which, in the absence of confirmed income, increased financial monitoring will be carried out.
"At first, a limit of 150 may be introduced. UAH per month from January 1, 2025, and from July 1 it will be reduced to 100 hryvnias. hryvnia per month", — said one of the media interlocutors.
Another source clarified that it will not only be about card-to-card transfers — P2P operations, which the NBU has already limited to 150. UAH per month in one bank, as well as about IBAN transfers:
"The first month of national banking restrictions showed that the volume of P2P transactions decreased by UAH 5,2 billion, but at the same time IBAN transfers increased by UAH 4 billion."
The interlocutors of the agency noted that both banking associations — NABU and the Association of Ukrainian Banks — participate in this initiative, while about half of financial institutions have already pre-approved it. It is assumed that the vast majority of banks will join the memorandum, and it may replace the relevant regulation of the NBU, which expires on April 1, 2025.
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