NBU comments on rumours about tax authority gaining access to accounts

A few days ago, a news item appeared on social media claiming that the NBU would grant the tax authority access to the accounts of Ukrainian citizens. It was stated that a court order would not be required to obtain this information.

The National Bank of Ukraine has refuted plans to provide access to banking secrecy to any body without a court order.

In European Union countries, the protection of private property, including personal financial data, is an integral part of the rule of law. A disproportionate expansion of access to banking information could jeopardise the fundamental rights of citizens.