The head of the National Bank explained how the new memorandum of banks will affect Ukrainians
Pyshny said that the memorandum signed by the banks will reduce the possibilities of financing the shadow economy.
Recently, several Ukrainian banks signed a Memorandum on ensuring transparency in the functioning of the payment services market. The head of the National Bank Andrey Pyshny explained the essence of this document.
According to him, this is not about tightening, lowering limits or “tightening the screws.” He noted that the memorandum does not tighten the memorandum of financial monitoring and assessment of the client in banks.
“Banks continue to use a risk-based approach to assessing clients, and, accordingly, decisions about servicing them. In addition, the successful implementation of the memorandum, on the contrary, can be a step towards early lifting of the time limit on outgoing…
