What business transactions may seem suspicious to the bank
In the past year, cases of blocking the settlement accounts of legal entities occur more and more often. Especially among companies related to small and medium-sized businesses. Alexey Fedorov, Deputy Chairman of the Board of VestaBank, tells who is at risk and how to avoid blocking an account
Of course, the initiator of large-scale activities to identify shadow transactions is the state. Every year, the regulator represented by the Central Bank of the Russian Federation develops more and more criteria, based on which it is possible to judge the doubtfulness of a particular operation.
Submitting to the requirements of the Central Bank of the Russian Federation, banks began to pursue a consistent policy to identify such transactions and tighten supervision over them. Today we’ll talk about companies that more often than others fall into the field of view of inspectors and the reasons for the suspicions of banks.
There can be many reasons for blocking the entrepreneur’s current account. However, often, the account is not blocked without warning. If anything in the client’s activity seems dubious to the bank, he usually asks questions first. This gives the client the opportunity to avoid the worst case scenario.
There can be many ways to connect a bank with a client. For example, a request can be sent via the Internet bank, indicating which documents must be submitted and in what time frame. Also, a notification may come by email client.
This request should be treated very carefully. If you do not respond within the specified period, this will cause your account to be blocked. Examine the list of documents that the bank asks you to provide, and prepare them if possible. If for some reason you cannot do this promptly, be sure to contact the bank and explain why you do not have time to fulfill its requirement on time. With a high degree of probability you will be given more time if your circumstances are really significant. But if the client simply does not want to provide the requested documents, the likelihood that the bank will nevertheless block the account is very high. The main thing in this case is not to ignore the bank’s requests, hoping that everything will be decided by itself. The problem is guaranteed to not go away anywhere.
Not like everyone
What could be the reason because of which the bank will have questions for the entrepreneur? There can be many factors. In general, they are spelled out in the regulatory documents of the Bank of Russia and are in the public domain. However, the regulator leaves banks with some freedom in the interpretation of these criteria, so each financial institution can apply them, creating its own analysis algorithms.
We list the main factors or triggers that will say whether you are at risk or not.
The first indicator is taxes, whether you pay them and how efficiently. This is perhaps the most important criterion that the bank will pay attention to in the first place. And here we consider not only payments to the Federal Tax Service, but also various deductions to social funds. If an entrepreneur pays his employees a salary, but does not transfer contributions to the funds for them, the bank can interpret this as a withdrawal of money under the guise of fictitious activity.
The second most important factor after taxes is how you conduct your business. It’s no secret that IPs are often used to withdraw money. The scheme may look as follows. Some company transfers money to our individual entrepreneur for fictitiously delivered goods, after which he transfers them to his personal account in another bank, from which funds can be easily cashed.
Of course, according to the law, all the income of an individual entrepreneur is his personal income, but circumstances such as the volume and scale of activity are important here. Obviously, an individual entrepreneur cannot operate with turnover of tens of millions of rubles without employees on staff. This is how the bank will reason, seeing large and frequent transfers to individual accounts. Banks are trying to delve into the details of the business of customers and understand how real is happening. Even a small coffee shop, in which one person works, already looks strange, because someone needs to serve customers, and someone at this time to make purchases, engage in reporting and so on. Or you have a retail outlet, but there are no lease payments and a lease. This is also one of the signs of fictitious activity.
Of course, if you work at home and create sites, you do not need a separate room and hired employees. Just pay taxes and you will not have any complaints. But if you are a retail store, you must have the attributes of this business. This is how all banks reason.
Skeletons from the past
The history of your banking services is also important. Have you had blocked accounts with other banks? Have you been denied payments or account opening? All of these are risk factors. The presence of such a past may become the reason why the bank will be interested in the client in the future.