Whether these limits will be lifted in the near future depends on the willingness of banks to effectively control risky transactions.
In Ukraine, the limit of 150,000 UAH on card transfers may be lifted in two months. However, this is only possible if banks learn to independently identify risky clients.
This was stated by the head of the National Bank of Ukraine, Andriy Pyshny, in an interview with Forbes.
According to the head of the NBU, the established restrictions are temporary, and their purpose is to combat mules (front men who use cards to launder money).
“The NBU immediately explained that these restrictions are temporary. They will not be able to independently combat such a phenomenon as drops. To do this, we need a set of measures, including a law on the registry of drops, which we expect to be adopted,” Pyshny said.
At the same time, on February 3, the chairman of the parliamentary committee on finance, tax and customs policy, Danylo Getmantsev, said that financial monitoring of card transfers could become a permanent phenomenon.
What restrictions are in place now
New limits on card transfers came into effect in Ukraine on February 1:
- for high-risk clients – a limit of up to UAH 50,000 per month;
- for “medium” and “low” risk clients – a limit of up to UAH 150,000 per month.
“We’ll spend a month or two watching how the updated processes work,” Pyshny said. “If they are effective, the NBU, as promised, will cancel the UAH 150,000 limit. for card transfers.” – summed up Pyshny.
Recall that the inflation rate in Ukraine, which in January reached 12.9% in annual terms, turned out to be higher than predicted by the National Bank of Ukraine.
