LHV Pank does not send or accept payments related to countries, regions or banks.
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Armenia  | Kyrgyzstan  | Serbia  |
Belarus  | Somalia | Central African Republic |
Libya | Sudan and South Sudan | Democratic Republic of the Congo |
Syria | Iran | North-Korea |
Uzbekistan  | Kazakhstan  | Russia  |
LHV Pank does not send or accept payments related to currencies.
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Russian rouble (RUB) - Starting from 30.03.2022 LHV Pank does not send or accept payments in rubles. |
LHV Pank has the right not to execute payments related to the following banks or countries:
Payments may be restricted if the payment
- is related to a credit institution whose activity licence has expired;
- is related to a person (natural / legal) who is subject to the UN, European Union, UK or US sanctions
- is related to a resident of any of the abovementioned countries or a person located or operating there;
- details contain a word (e.g. city, hotel, name of a person) that can be associated with any of the abovementioned countries;
- lacks important information (e.g. the payer’s/recipient’s name, address or details on the content of the transaction);
- relates to dual-use good or is suspected of being.
- is associated with a higher risk country. These can be high-risk third countries that are on the lists published by the FATF and the European Union.
- in the case of a Foreign payment, where the remitter or beneficiary is not a private individual resident in Estonia or a company registered in Estonia.
- is related to high risk (financial crime) industries, including currency exchange, payment intermediation, credit and financial services, gambling or gaming services, production and mediation of military goods, art and antique brokerage, vehicle sales, logistics, pharmaceutical industry, rail freight transport, precious metals and stones, high-value goods, and other similar high-risk industries.
Due to the sanctions imposed on Russia, payments may also be restricted if the payment
- is related to trade restrictions or to the intellectual property of goods subject to trade restrictions.
- is related to transit through Russia.
- is related to third countries where sanctions evasion has been identified
- is related to the Russian defense industry.
- is related to transport to or from Russia by road.
- is related to ships engaged in ship-to-ship transfers or ships that have manipulated with their navigation system.
- is related to propaganda.
When making a payment, it should be taken into account that due to the international sanctions implemented, the time for payment (including receipt) may be extended. When choosing new partners and conducting transactions, the bank recommends assessing that the activity would not violate the restrictions established by international sanctions. Also, depending on the restriction, the bank may be obliged to block or freeze the payment. In addition, the review of foreign payments may take longer than usual if, due to the bank’s due diligence measures, the origin of the money needs to be more thoroughly determined. Coming from the aforementioned reasons, LHV Pank will not compensate the client for the loss incurred in the event of a restriction on the disposal of money.