The Central Bank will force banks to tighten control over Russian gold transactions

The regulator published a draft amendment to regulation 375-P, which contains a list of signs of questionable transactions, RBC drew attention. The Central Bank identified three points in which the purchase of precious metals in bullion by an individual can be considered suspicious:

1. the client buys bullion, but does not sell it, or sells it in a significantly smaller volume than what he bought;
2. precious metals are purchased with funds recently received in a bank account;
3. The client does not want to keep valuables in the bank, nor leave them there “for a short period of time.”

The last two “doubtful” criteria also apply to transactions by legal entity clients, as follows from the Central Bank’s modifications. Transactions by non-resident legal entities to deposit “significant volumes” of cash in accounts with the subsequent purchase of precious metals in bullion should be under greater control by banks, if such operations are carried out systematically and the volume of cash entry into the account. exceeds 10 million rubles a month.

The regulator also proposes to include in 375-P a clause on “other signs” of questionable transactions with precious metals without additional clarifications.

• In February 2024, Tinkoff opened the opportunity for all customers to purchase gold bars online. You can buy gold bars of different weights: 10, 20, 50, 100, 500 grams, 1 kg, as well as standard, from 11 to 13.3 kg.