What can banks ask their customers?

According to regulations (Section 28 of the Law On the Prevention of Money Laundering and Terrorism Financing) banks have the right to request information and documents necessary for Customer Due Diligence (CDD) to be performed, and customers have the obligation to provide these, including information on customers' ultimate beneficial owner (UBO), customers' transactions, customers' and their UBO's economic and personal activities, financial situation, and the origin of funds and other sources of income. In some cases, banks are entitled to request additional information.

Other questions