Ukraine’s central bank cracks down on ‘money mules’
NBU says limits on transactions over next six months will give breathing space to state bodies
The National Bank of Ukraine (NBU) is introducing a transaction limit for card-to-card payments in a bid to fight money laundering.
For six months from October 1, outgoing payments will be capped at 150,000 hryvnia ($3,640). The move comes after an increase in “money muling”, whereby an individual allows criminals to make transfers to and from their bank account in exchange for a fee.
The cap will only apply to outgoing transfers across all accounts held by a customer in a single bank to the
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