BML cards no longer usable in Russia

Bank of Maldives (BML) has stated customers will be unable to use the bank’s cards in Russia and other regions subsequent to the impact on the global payment landscape arising from the economic sanctions.

In a statement released noting that Russia-Ukraine conflict has affected the global payment landscape, BML said that card networks are bring closely monitoring – whereas prompt action is taken to ensure compliance with applicable international sanctions.

BML detailed that in light of the actions taken by international governments, regulators, banks, SWIFT, and card networks – customers will no longer be able use the bank’s cards in Russia and other regions where current sanctions are applicable.

They also noted that the bank’s merchants will not be able to receive payments originating from cardholders in these regions.

In addition to this, the bank also said that international remittance services have also been impacted by these sanctions – in which customers will experience significant delays or may be unable to send TTs to banks in Russia or elsewhere where sanctions have been enforced.