Banks have simplified the procedure of transfering funds to support the Armed Forces of Ukraine

Certain requirements for checking the sources of cash origin have been simplified for banks in the case of financial transactions aimed to support the Armed Forces of Ukraine during the period of martial law. The relevant decision was approved by Resolution of the National Bank of Ukraine on February 27, 2022.

According to the decree cash is credited to the accounts of the armed forces of Ukraine and a special account opened by the National Bank without financial monitoring verification during this period.