Banks to step up checks of Belarusian payments : vimarsana.c

Banks to step up checks of Belarusian payments


Banks to step up checks of Belarusian payments
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Lithuanian banks will from now on make more thorough checks into international payments linked to restrictions for Belarusian sectors.
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This way the European Unions decision to impose targeted economic sanctions for Belarus will be implemented, the Association of Lithuanian Banks (LBA) says.
Bank clients are warned that financial institutions might ask to provide additional documents and explanations before payments to restriction-related companies are made, thus, they need to be prepared for the process to take longer.
"We hope clients will be understanding and cooperate with their financial services providers and will pre-consider their existing commitments and business plans related to payments to Belarusian businesses," Eivile Cipkute, the LBA president, said in a statement.

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Lithuania , Belarus , Belarusian , Lithuanian , Eivile Cipkute , Association Of Lithuanian Banks , European Unions , Lithuanian Banks , லிதுவேனியா , பெலாரஸ் , லிதுவேனியன் , சங்கம் ஆஃப் லிதுவேனியன் வங்கிகள் , ஐரோப்பிய தொழிற்சங்கங்கள் , லிதுவேனியன் வங்கிகள் ,

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