Russian citizens are increasingly opening accounts in Serbia, News
Visas and master cards of banks excluded from international transactions cannot be used in our country either, except in the case when they were issued to Russians by a domestic bank
The Russian language can be heard more and more often on the streets of the capital, and one of the largest banks says that lately there has been a greater interest of Russian citizens to open accounts compared to the previous period. There were no Ukrainians. By the way, foreigners, ie non-residents in Serbia can have bank accounts in either dinar or foreign currency. This also applies to individuals, companies, representative offices of foreign companies.
When opening an account, they must enclose a document, ID card or passport and must have a document showing their whereabouts, which cannot be a hotel. Eventually, you need to register your stay with the Ministry of the Interior. Banks have special obligations in the case of foreign accounts in accordance with the Law on Prevention of Money Laundering and Terrorist Financing.
Russian citizens who have accounts in banks that are excluded from international payment operations cannot use a visa or a mastercard issued by those banks here. The National Bank notes that, according to publicly available allegations, international card visa and mastercard systems have blocked some financial institutions from the Russian Federation that are members of those systems. That is why the users of the cards issued by those “excluded” financial institutions cannot pay or withdraw money in the visa and mastercard acceptance network everywhere in the world, including Serbia.
“Non-resident users, in terms of the law governing foreign exchange operations from abroad, who have payment cards issued by payment service providers from the Republic of Serbia, can pay and withdraw money in the domestic reception network without restrictions and are not affected by these events. However, there is a possibility that although these are cards issued in Serbia, non-residents cannot pay or withdraw money on ATMs and POS devices owned by “excluded” banks abroad, as well as anyone else who has a visa and mastercard, “the NBS explains.
Refugees who are non-residents of Serbia can open bank accounts in accordance with applicable regulations.
“Banks can establish a business relationship with clients who have a legal residence in Serbia if they are met by law and bylaws established formal and material conditions that apply equally to all individuals. Also, the bank is obliged to reject the offer to establish a business relationship with the client (opening an account) if it cannot apply certain intensified actions and measures to the user, which it is obliged to apply within the process of money laundering and terrorist financing risk management. previously concluded that it is necessary to apply these measures “, states the NBS.
They point out that the law stipulates that the bank is free to decide on the choice of the client, on whether to provide the services it offers to a certain person. It follows from this rule that the Law on Banks does not differentiate in terms of access to banking services according to the type or certain characteristics of the client, but banks, in accordance with their business policy and internal acts (which, inter alia, must include management measures risks to which they are exposed or may be exposed in their business), independently decide whether to establish a business relationship with a particular party.
At the same time, persons with refugee status in the Republic of Serbia are provided with special protection in the form of non-discrimination on the basis of their special status, which means that the bank’s rule on free choice of client can have its right and full application. of the basic principles of protection of users of financial services established by law, and that is the right to protection against discrimination.
The Law on Payment Services prohibits any discrimination, direct or indirect, on any grounds, especially on the grounds of race, sex, genetic characteristics, nationality, social origin, birth, religion, political or other beliefs, property status, place of residence, culture, language, age, sexual orientation or disability, Politika writes.
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