Banks to start checking all customer money transfers from July 25
Russian banks are required to check all money transfers from individuals and suspend suspicious transactions from July 25.
They will also reimburse the client within 30 calendar days for the amount transferred without his consent to the fraudsters’ accounts.
The corresponding changes to the law on the payment system came into force on July 25. This was reported by the agency "Prime" .
A new scheme for protecting savings from fraudsters has come into effect in Russia.
From now on, Russian banks will check all money transfers from individuals and suspend suspicious ones.
In addition, the order of the Central Bank of the Russian Federation increases the number of signs of fraudulent transactions to six in order to prevent such transfers.
If a transaction is detected according to one of these criteria, the bank will suspend the transfer of funds for two days or refuse the client.
According to the law, banks can disconnect remote services for a fraudster upon receiving information from the Ministry of Internal Affairs about his illegal actions.
