Why can an account with a legal entity be blocked?

Legal entities regularly face blocking of their current account. Anyone can be in this situation. Let's take a look at the reasons why transactions on a current account can be suspended in this article.

The settlement account of a legal entity may be blocked by the decision of the tax inspectorate. Most of the grounds for tax blocking are set out in Art. 76 of the Tax Code of the Russian Federation.

Most often, this is a failure to comply with the deadlines for paying taxes. By order of the tax inspectorate, the bank may extrajudicially suspend all transactions on all business accounts. Both all funds available on the account and part of them can be blocked.

Blocking by decision of the tax authorities is always preceded by a warning, which allows you to prevent adverse consequences and avoid extreme measures.

The next reason may be a violation of 115-ФЗ. If the bank sees signs of a possible violation of the law, it will not conduct the transaction and will require an explanation from the client.

The most common reasons for blocking in this case:

- making transactions using cash in the amount of more than 600,000 rubles. (Withdrawal or deposit);

- opening an account in the name of a third party and making transactions on it;

- transactions with any property worth more than 3 million rubles.

A number of large banks have developed recommendations, following which, you can avoid the troubles associated with freezing account transactions.

It is also worth paying attention to the Information Letter No. 55 dated July 30, 2018 of The Federal Financial Monitoring Service of the Russian Federation on the procedure for blocking accounts by banks and the specified department.

If you are faced with an account blocking, then the first thing you need to do is contact the bank, find out the reason for the blocking of the account and eliminate it. If you think that the blocking is unreasonable or illegal, then you need to file a complaint with the Central Bank of the Russian Federation.

To protect yourself and your business from such unpleasant situations, you should pay special attention to the daily legal and accounting support of your organization.

Law Firm “PARITET” together with “PARITET Audit” are ready to provide you with high-quality and highly professional support for your cases. With us you can secure your activities as much as possible and be confident in the future.