Customers will not be able to use cards issued by the Bank of Maldives in Russia.

The ongoing situation in Ukraine and Russia has affected the global payment landscape. Card networks are closely monitoring and are continuing to take prompt action to ensure compliance with applicable international sanctions.

BML states that their customers will be unable to use the cards issued by the bank in Russia and other regions where current sanctions are applicable due to the actions taken by international governments, regulators, banks, SWIFT, and card networks.

Similarly, the bank's merchants will not be able to receive payments originating from cardholders in these regions.

In addition to cards and merchant services, international remittance services have also been impacted by these sanctions.

BML stated that customers will experience significant delays or may be unable to send TTs to banks in Russia or elsewhere where sanctions have been enforced.