Bank clients may encounter such a problem as blocking cards. Usually this is due to unusual activity on the account, exceeding transfer limits, or if the bank identifies a certain account as suspicious. By the way, the NBU recently asked the parliament to develop a draft law on creating a register of “drops” – people who provide access to their accounts to legalize funds obtained illegally.
VIDEO OF THE DAY
At the same time, the Telegraph newspaper writes that banks have intensified checks on accounts and financial transactions of Ukrainians, which has led to an increase in cases of account blocking.
“The main reasons for blocking are an unconfirmed source of funds, inconsistency of transactions with the client's financial profile, regular receipts from a large number of different payers, which banks regard as entrepreneurial activity without registration. You can also add transactions that have signs of cryptoactivity, as well as large one-time receipts of cash without a previous history of such transactions,” Ivan Marynyuk, head of the tax law practice at the Ilyashev & Partners law firm, emphasized in a comment to the publication.
Read also: What to do if your account has been blocked due to bank transfer violations: banker's advice
ADVERTISING
The discrepancy in the client profile transactions is determined taking into account the information that the person provided to the bank when opening the account, indicating the approximate amount that can be received into the account during the month. If at some point the client begins to receive significantly larger amounts, this may be a reason for increased attention to his account.
Suspicious transactions can be considered numerous transfers from different individuals, even small ones. This will give the bank reason to believe that the person is engaged in entrepreneurial activity, which should be carried out through individual entrepreneur accounts. Suspicions of cryptocurrency trading also fall into this category. Frequent cash withdrawals from the account will also cause concern for the bank.
Read about what to do if the bank blocked the card of a person who was abroad at the time on our website.
ADVERTISING
Photo by Pixabay
