The National Bank of Ukraine has defined a procedure for crediting over UAH 400,000 in cash to households’ accounts and non-provision of documents confirming the sources of funds on the bank’s request. The relevant procedure will be applied during martial law in Ukraine.
If, upon a bank’s request, a customer fails to provide documents and information required for verifying the sources of such funds, the debit transactions from this account will be restricted. In this case, the funds can only be used for supporting the Armed Forces of Ukraine, for crediting funds to accounts of the Armed Forces of Ukraine and a special account opened by the NBU, for donations to the account of the Ministry of Social Policy of Ukraine opened by the NBU for charity purposes, and for purchasing military bonds.
All other measures are being implemented by banks in line with the financial monitoring laws.
The National Bank of Ukraine adopted the respective decision in line with the Law of Ukraine On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding the Application of Provisions Under Martial Law.
The NBU Board approved the decision byResolution No. 69 On Amendments to NBU Board Resolution No. 60 dated 23 March 2022 dated 8 April 2022.. The Resolution comes into force on 8 April 2022 and will stay valid for the period of martial law in Ukraine.