The Central Bank of Russia received from the Government of the Russian Federation the task of strengthening the control of banks over the monetary transactions of their clients. The deadline for completion is the end of November of the current year.
According to Izvestia, with reference to the roadmap of the Cabinet of Ministers for the regulation of cryptocurrencies, credit institutions will be required to quickly find suspicious accounts and regularly monitor transactions.
Methodological recommendations regarding increasing the attention of banks to certain operations of Russians were approved back in September last year, Izvestia writes. Now we are talking about their implementation.
In order to counteract illegal transactions, the Central Bank of Russia recommended that banks promptly identify accounts with anomalous transactions – with more than ten persons per day and more than 50 persons per month, as well as with more than 30 transactions with individuals per day.
Accounts with significant amounts of money are also considered suspicious – more than 100 thousand rubles a day, more than one million rubles a month. If there are grounds, banks are recommended to block such transactions, but now it will become mandatory.
The Bank of Russia explained to Izvestia that Russian credit institutions are already applying recommendations to strengthen control over the operations of individuals. The regulator also noted that this work is carried out only to detect illegal payments and does not imply total control over the operations of individuals, and will not affect small and medium-sized businesses.
