Customers often violate the terms of the agreement with the bank.
Ukrainian banks can block an account if the client has violated the provisions of the Law on Prevention of Legalization. The NBU stated that banks have the right to terminate cooperation with a client unilaterally if this is provided for by law.
Observer writes about this.
< strong>The National Bank noted that the grounds for closing an account may be as follows:
- if identification or verification of the client, as well as the establishment of data allowing the identification of the ultimate beneficial owners, is impossible. This is also possible if the bank has doubts that the client is really acting on his own behalf
- if the client has not provided the documents or information about himself necessary for proper verification
- if the client or his representative provided false information or data designed to mislead bank employees
It is also reported that the grounds for termination of the agreement between the bank and the client can be determined by the terms of the concluded agreement.
As the publication notes, if the bank identifies suspicious financial transactions, then, in accordance with the requirements of the law “On the Prevention of Legalization,” it must report about this to the authorized bodies.
The NBU stated that the bank can refuse service to a client only if there are grounds specified in Article 15 of the Law “On Prevention of Legalization.”
At the same time, the bank independently makes a decision to refuse a client to conduct a financial transaction or service. It is guided by the requirements of legislation in the field of combating money laundering, the financing of terrorism, as well as internal documents and taking into account a risk-based approach.
Previously, the National Bank softened currency restrictions on the sale of non-cash foreign currency to citizens.
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