The media explained how the Central Bank of the Russian Federation will control all money transfers from Russians from January 1

 The media have explained how the Central Bank of the Russian Federation will control all money transfers from Russians from January 1

The regulator will start asking to the data banks on all money transfers between people.

The Russian financial regulator has sent banks a new declaration form regarding citizens' money transfers.

According to the updated documents, the Bank of Russia will request information on all transfers between individuals, including the personal data of the sender and the recipient.

According to experts, such a measure is necessary to combat illegal online casinos, crypto exchangers and businesses that accept personal card payments.

RBC writes about this, referring to three sources in the payments market.

As Oleg Mashtalyar, the deputy head of the board of directors of Sovcombank, told the publication that the Central Bank of the Russian Federation will start such monitoring from January 1, 2022.

The main objective of the innovation will be to optimize the data provided by banks, as well as to obtain up-to-date information on payments.

The information will be used for market analysis.

According to the clarifications, the reporting will include all incoming and outgoing transfers between individuals:

  • from card to card;
  • from account to account;
  • from an electronic wallet to an electronic wallet, from a card to a wallet and vice versa;
  • from a wallet or card subscriber account and back;
  • payments through the rapid payment system;
  • cross-border transfers by individuals;
  • money transfers without opening an account, including through payment terminals;
  • transfers from an individual between their own accounts in a bank;
  • transfers via money transfer systems eg Western Union, CONTACT.

Requests will start to generate for all transfers within a certain time frame.

In some cases, the regulator may receive information on specific transactions. .

The Central Bank of the Russian Federation notes that over 9 months of the outgoing year, the Russians transferred around 42.5 trillion rubles to each other by cards. About 8.5 billion transactions have been completed.

Sberbank is the most present in the market in this regard, through which more than 0.8 billion transfers worth 4.7 trillion rubles have been made since the start of 2021.

< p> According to experts, such surveillance by the Central Bank of the Russian Federation aims, among other things, to track suspicious transactions, which include:

  • An unusually high number of individuals both payers and recipients of funds (more than 10 per day and more than 50 per month).
  • An unusually high number of transactions to credit and debit funds (over 30 transactions per day).
  • Large volumes of transactions to debit and credit funds between individuals (more than 100,000 rubles per day, more than 1 million rubles per month).
  • The card or wallet is not used to pay for goods or services.

Earlier, TopNews wrote that the tax office has started tracking data on Russians' accounts.

According to experts, the innovations will hit the pocket of the donated salaried self-citizens.


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