Cases of blocking of bank accounts. Banks and tax authorities are checking even accounts with a turnover of 100,000 hryvnias or more, according to the APU.
New approaches to financial monitoring
Banks in Ukraine have changed their approach to customer due diligence. They no longer focus only on individual suspicious payments, but scan the overall financial behaviour of account holders.
The analysis uses algorithms and artificial intelligence to study lifestyle, regularity of income and other aspects of financial activity.
Risk areas for blocking accounts
Customers with sudden large credits without explanation, as well as those who use personal cards for business transactions, are at risk. Transactions with crypto exchanges, offshore destinations, «splitting» of individual entrepreneurs, and activities outside the declared KVEDs can also cause blocking.
In addition, banks pay attention to suspicious digital matches: the use of VPNs, identical networks or devices (Device ID). Even with a turnover of 100 thousand hryvnias, an account can be audited by the tax authorities.
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