The Central Bank has ordered banks to suspend suspicious transfers for two days. Otherwise, if the transfer was associated with fraud, the bank must return the money to the client within 30 days. A transfer made to accounts of criminals that are in the Central Bank’s database will be considered suspicious.
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The Bank of Russia has introduced new measures to combat fraudulent transfers, according to a message posted on the Central Bank’s website.
Starting from July 25, banks will have to suspend all suspicious transfers for two days. These are considered transfers to criminal accounts that are contained in the Central Bank’s database. The transfer will be suspended even if the bank’s client tries to transfer money to the same account again within two days.
If the bank allows a fraudulent transfer to be made, it will be obliged to return the money to the customer within 30 days.
If after two days the client tries to transfer money to the specified account again, the bank will be obliged to complete the transfer. In this case, the bank will not assume financial responsibility for the transfer.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
