The National Bank of Ukraine (NBU) is preparing a draft decision to limit transfers and introduce maximum limits for transferring money from card to card between individuals. Radio Maximum tells the details of such a decision.
This was reported to media representatives at the NBU on Thursday, May 23, LIGA.net reports.
The restriction, which will be based on the April decision The NSDC on countering the illegal gambling business intends to implement it within a month.
We are considering the possibility of introducing a framework for outgoing P2P transfers from individual accounts in the amount of UAH 100,000 per month and limiting the number of such transfers to 30 per month. According to our calculations, 95% of bank customers will not even notice these restrictions. Instead, it will become more difficult and more expensive to make shadow payments to criminals who use the cards of individuals for, for example, non-payment of taxes and criminal activities, – said Deputy Head of the NBU Dmytro Oliynyk at a meeting with the media.
They do not plan to limit incoming transactions, so as not to complicate the activities of, for example, volunteers. In addition, if there are reasons and confirmations, the limits can be increased, as an exception.
According to the National Bank, the volume of such shadow transfers can amount to billions of hryvnias. At the same time, cards are used for individuals who deliberately provide their personal data to criminals for this purpose. Then, using the cards of pensioners or students with a monthly income of several thousand hryvnias, they can carry out unusual payment operations for millions of hryvnias per day.
If these people knowingly transfer their personal data regarding cards for illegal activities, then tell me how they differ from, for example, drug couriers, – noted the head of the NBU Andriy Pishniy.
Since the fall of 2023, the NBU has recorded abnormal growth volumes of p2p transfers through the system, as well as an increase in the number of cards from which such transfers are made, and the average transfer amounts to individual issuing banks.
In particular, one of the largest issuing banks submitted information to the NBU regarding the identified drops (people who, for a reward, give criminals/fraudsters access to their bank details: to cards/accounts, including PIN codes and access to Internet banking) are more than 10,000 customers in October-December 2023 alone. Another bank discovered more than 4,000 compromised cards during the same period.
National Bank wants to limit outgoing transfers