🆘 Russia 🇷🇺: In case of suspected fraudulent transfer, banks proposed freezing the money in the recipient’s account

🆘 Russia 🇷🇺: In case of suspected fraudulent transfer, banks proposed freezing the money in the recipient’s account

It has been proposed to block funds for one day on transfers ranging from 10,000 to 50,000 rubles, and for two days on transfers of larger amounts. Until now, only the sender's transfers were blocked.

▶️ Fraud indicators established by the Central Bank: Information about the recipient in a special database of the regulator or in the bank's anti-fraud system; unusual transfer characteristics, such as amount, frequency, device; the presence of information about an ongoing criminal investigation against the recipient of the funds.

▶️ The proposal comes from the National Financial Market Council (NSFR), responding to the increasing responsibility of banks. Recently, the Central Bank advocated for personal responsibility for senior managers. Additionally, financial institutions are now required to compensate the client if they transfer funds to accounts linked to fraudsters.

▶️ It is also proposed to block the entire amount in the account for 48 hours if the bank receives a complaint from the sender stating that the transfer was made without their consent. If such a complaint is received, a 30-day ban on closing the account or transferring the remaining balance is proposed.

▶️ Prevention is better than cure: The expansion of the blocking mechanism could affect legitimate recipients, especially those who unintentionally become "mules."

#news #Russia #fraud

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