The bank may require explanations and supporting documents to carry out the transaction.
Ukrainian banks can stop transactions on their clients' accounts if large sums are received into them. Such transactions require explanations and documents confirming the legality of the origin of the funds.
First Deputy Head of the National Bank of Ukraine Kateryna Rozhkova spoke about this in an interview with “We Are Ukraine”.
According to her, some entrepreneurs use accounts for individuals instead of opening accounts for sole proprietors in order to avoid paying taxes.
Then some money starts coming into this individual account, and the bank does not understand where it comes from. If you either do not work anywhere, or you work and your official salary is minimal, in such cases banks really stop transactions and demand explanations and supporting documents,” Rozhkova said.
She emphasized that this is a “constant life story”.
“This is how a businessman tries to earn more and spend less, so as to have a larger profit, and the state wants the businessman to share. And this is a constant search for justice. It seems to me that now is not the time to seek justice,” added the deputy head of the NBU.
Recall that the NBU assures that it has sufficient instruments and resources to maintain the stability of the currency market in Ukraine.
