Site icon Baltimore Chronicle

Banking secrecy may become more accessible: NBU proposes changing payment card rules

 Banking the secret may become more accessible: the NBU proposes to change the rules for payment cards

Government agencies will have access to bank card numbers.

The National Bank of Ukraine proposes to change the rules for disclosure banking secrecy, relating, in particular, to payment cards.

This is stated in the message of the National Bank.

The corresponding changes are proposed to be introduced and attached to the Rules for the storage, protection, use and disclosure of banking secrecy , approved by Resolution of the NBU Board No. 267 dated July 14, 2006.

The NBU offers:

Banks will additionally disclose, at the request of government authorities, information about the unique identifiers and/or numbers of issuing payment instruments (for example, payment card numbers) of both counterparties to the transaction (both the payer and the recipient of funds), as well as the name of the counterparty's payment service provider.

The updated version of the corresponding paragraph of the Rules for Disclosure of Banking Secrecy proposes to establish that banks, at the request of authorized government bodies, will disclose information about:

“The changes are related to the need to bring the Rules for storage, protection, use and disclosure of bank secrecy in accordance with Articles 62, 62-2 of the Law of Ukraine “On Banks and Banking Activities” and improving the procedure for disclosing information constituting bank secrecy to the National Bank of Ukraine,” the NBU said in a statement.

Recall that the head of the National Bank of Ukraine Ekaterina Rozhkova said that they are working on restrictions on card transfers. And they will concern businesses and individuals. In particular, theNBU may introduce new restrictions on card money transfers of individuals in order to reduce the number of shadow transactions. However, a decision has not yet been made.

tsn.ua

Exit mobile version