The NBU accused Ukrainian businesses of forging documents for financial monitoring

The NBU accused Ukrainian businesses of forging documents for financial monitoring

The National Bank of Ukraine accused Ukrainian companies of forging financial documents such as reports, payment instructions, and contracts to deceive the financial monitoring process.

Among the violations are the falsification of data regarding business activities, tax payments, and rent. There are also recorded cases of capital outflow abroad.

In response, the NBU obliged banks to verify the authenticity of client documents both through open resources and with the help of their own databases.

New criteria for suspicious clients include:

1. Signs of a shell company.
2. Transactions less than 6 months after registration.
3. Change of owner or manager.
4. Prolonged absence of account operations.
5. Low statutory capital and assets.

Banks must close accounts and report clients with forged documents to the State Financial Monitoring Service.