UAThe Ukrainian Central Bank is introducing phased limits on transfers for new and inactive physical persons engaged in business (ФОПів) who are classified as high-risk. These changes are part of an updated Memorandum on transparency in the payment services market. According to Sergey Mamedov, Vice President of the Association of Ukrainian Banks and CEO of Globus Bank, the restrictions will apply to clients deemed high-risk, including newly created FOPs, those who have been inactive for a long time, and legal entities suspected of being shell companies. The measures aim to enhance financial monitoring and prevent money laundering. For the first group of FOPs, monthly transfer limits within Ukraine could initially be set at 600,000 hryvnias, while for the second and third groups, up to 3 million hryvnias. These limits may decrease later. Mamedov emphasized that transparent businesses that pay taxes, employ workers, and provide documentation for their transactions will not face significant obstacles. He advised entrepreneurs to maintain proper records and avoid splitting payments across accounts to prevent suspicion.
Bias read (Center): The article presents information based on an expert’s explanation of regulatory changes without overtly promoting any political agenda. It provides balanced context by explaining both the implications for businesses and the rationale behind the regulations. While the topic relates to economic policy
