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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

A person whose bank details are included in the database “On cases and attempts to transfer funds without the client’s consent” will be able to contact the Bank of Russia to exclude information from it. A project like this instructionsprepared by the regulator.

The Bank of Russia maintains a database of suspicious transactions, to which all banks, after customer complaints, transmit details of fraudulent transactions. Thanks to it, credit institutions can more effectively counteract cyber fraudsters. The procedure for appealing the unreasonable entry of details into the database is provided by lawand will reduce negative consequences for bank clients.

You can submit an application to the Bank of Russia directly, on the regulator’s website or through your bank. The document provides that the bank has the right to independently, without the participation of its client, send to the regulator a reasoned application for exclusion from the database. The Bank of Russia will consider the application within 15 working days and notify the bank client or the credit institution itself about the decision.

The procedure by which the Bank of Russia makes a decision on an application, as well as the list of necessary data to be submitted to the regulator, are contained in the draft instructions.

When preparing the final document, comments and proposals received up to April 2 inclusive will be considered.

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)