(KYIV, UKRAINE) – Ukrainian banks will begin introducing new monthly transfer limits for certain individual entrepreneurs and companies from 14 August, under an updated memorandum designed to close channels used for tax evasion and money laundering.
The restrictions will apply in two phases, with the second stage taking effect from 14 November. They target newly registered sole proprietors, known as FOPs, and businesses that have been inactive before resuming operations. Transfers above the monthly ceiling will still be permitted if the account holder can document the lawful origin of the funds.
The measures are set out in a revised version of the Memorandum on Transparency of the Payment Services Market, signed by 53 of Ukraine’s 59 active banks. The goal is to unify financial monitoring rules across the banking system and curb the misuse of entrepreneur accounts for schemes that hide income, including business splitting, underreporting of turnover, cash conversion and the use of FOP contracts to replace formal employment.
Banks will place clients into a higher risk category if their operations do not match their declared business activity or scale. Lenders will assess the purpose of the account, the type of goods or services sold, and whether transaction volumes are typical for that line of business. Where money flows differ sharply from stated income or sector norms, banks will demand additional proof of the funds’ legitimacy.
From August, sole proprietors on the first group of the simplified tax system will face a monthly transfer cap of UAH 600,000 ($14,500, £11,300). That threshold will fall to UAH 400,000 ($9,700, £7,600) from November.
FOPs in the second and third groups will be limited to UAH 3 million ($72,500, £56,600) per month from August, dropping to UAH 1 million ($24,200, £18,900) from November.
For legal entities that show signs of being shell companies, the monthly ceiling will be UAH 5 million ($120,800, £94,400) from August, reducing to UAH 2 million ($48,300, £37,800) from November.
Transfers exceeding the limits are not banned. Banks may ask for income statements, contracts, tax returns or other documents to verify the source of funds. Financial institutions will also intensify checks on suspicious transactions, including those conducted at unusual times, and may draw on data from state registers, including income information accessible through the Diia government services portal.
For most Ukrainian entrepreneurs who operate transparently and have confirmed income, no uniform restrictions will be imposed. Each bank will continue to assess client risk independently. Businesses that pay taxes in full and on time, formally register employees, hold verified revenue sources and conduct operations matching their registered activities are not expected to face obstacles.
Banks will require immediate explanation and supporting documents if they detect red flag patterns, such as a sudden doubling of transfers from individuals inconsistent with the business profile, account balances at zero both at the start and end of the day, a sharp rise in small payments from multiple counterparties, or the splitting of transfers to a single recipient over the course of a month.
New Monthly Transfer Limits for Ukrainian FOPs and Companies
| Category | August 2026 Limit (UAH) | August 2026 Limit ($) | August 2026 Limit (£) | November 2026 Limit (UAH) | November 2026 Limit ($) | November 2026 Limit (£) |
|---|---|---|---|---|---|---|
| FOP Group 1 | 600,000 | 14,500 | 11,300 | 400,000 | 9,700 | 7,600 |
| FOP Groups 2 and 3 | 3,000,000 | 72,500 | 56,600 | 1,000,000 | 24,200 | 18,900 |
| Legal Entities (Shell Risk) | 5,000,000 | 120,800 | 94,400 | 2,000,000 | 48,300 | 37,800 |
| Banks Signed to Memorandum | 53 of 59 | – | – | – | – | – |
Exchange rates used: 1 USD = 41.40 UAH, 1 GBP = 52.95 UAH (indicative rates as at 12 August 2026).