Banks are blocking accounts: Ukrainians are advised to sidestep “trigger” terms when initiating transactions to prevent the loss of access to their finances.
Reports indicate that Ukrainian financial institutions are more frequently putting accounts on hold due to “trigger” words flagged during transactions.
Banking establishments are responsive even to routine transactions if the stated intention behind the money movement raises concern.
The most frequent triggering terms are:
– “for crypto”
– “currency exchange”
– “for goods/services” – in instances where money is directed toward a private account rather than the account registered to a business entity
– “debt repayment” – especially on recurring transfers
Banks suggest defining the reasons for payments with plain language to avert account blockage.
