RBK: The Central Bank will begin to control money transfers of Russians to each other – Rosbalt

From 2022, the Bank of Russia will request information from financial organizations on money transfers between individuals, including personal information of senders and recipients, RBC reports with reference to informed sources in the payment market.

According to sources, credit institutions have received from the Central Bank a new form of reporting on money transfers between individuals. According to the representative of the regulator, such measures are being taken to optimize the presentation of data by banks and obtain information on payment services. It is planned to use the data “for market analysis”.

As the agency notes, the report will include incoming and outgoing transfers of funds between individuals, which are carried out from card to card, from account to account, from e-wallet to e-wallet, from card to wallet and vice versa, as well as transfers of an individual between their own accounts within one credit institution and transfers through money transfer systems, for example, Western Union, CONTACT.

According to the agency’s interlocutors, the Central Bank needs data on money transfers “to fight illegal online casinos, crypto exchangers and businesses that accept payments for personal cards.” Indicators of suspicious transactions include an unusually large number of individual counterparties as payers or recipients of funds – more than 10 per day and more than 50 per month; an unusually large number of transactions for crediting and debiting funds carried out with individuals – for example, more than 30 per day; large volumes of transactions for writing off and crediting funds between individuals. For example, more than 100 thousand rubles. per day or more than 1 million rubles. per month. Also suspicious will be the absence of transactions carried out on the card or wallet to pay for goods and services.