The powerful Central Bank has defined 9 measures necessary for banks to work with "suspended" clients' accounts.
According to the provided document, one of the important measures that banks must implement is the quarterly information of clients about the inactivity of their accounts and the necessity to activate them or close them.
In case an account remains dormant for more than 6 months, the bank must warn the client once again, and then transmit the information to the Central Bank for decision-making. Furthermore, after 12 months of dormancy, the bank must transfer the remaining funds to the Central Bank's account and close the client's account.
It is noted that these measures are aimed at protecting the interests of clients of banks, to avoid negative consequences, and to maintain the stability of the banking system.
In order to ensure transparency and control, the Central Bank requires quarterly reports from banks on the number of "suspended" accounts and the sums present in such accounts.
**Quote:**
"These measures are designed to guarantee the safety of clients' funds, maintain the transparency of operations, and contribute to the stability of the banking sector," - said the representative of the Central Bank.
