PrivatBank informs about amendments to the General Regulations on Transactions effective as of 9 April 2020:
1.3. Responsibility of Parties
1.3.6. Customer (including Customer’s Beneficial owner) is responsible and subject to criminal liability according to Article 195.1 of the Criminal Law for provision of knowingly false information to the Bank, as well as non-provision of the information specified in the law regarding the beneficial owner or provision of knowingly false information to the Bank, which is authorised by law to request information regarding Customer’s transaction and the true owner and beneficial owner of the financial resources or other property involved therein.