The Central Bank will develop a platform to monitor suspicious money transfers

With the help of the platform, it is planned to identify droppers: those who provide their bank cards to withdraw money or carry out transactions for shadow businesses or other illegal transactions. For example, it could be funds for pharmacies, cryptocurrency exchanges, online casinos and pirate sites, notes RBC.

The Central Bank has already established procedures with individual banks for online monitoring of individuals’ transactions, but for now the regulator can “bring information about identified outages only to the bank of which they are clients,” Shablya noted. “A drop opens accounts in many banks at once and, therefore, it is necessary to centralize our data and centralize the delivery of information to all credit institutions. How to do this? “Currently the issue is under study,” he added.

Course: The most important thing or 115-FZ

According to Chablis, the suspicious transaction monitoring platform will allow banks to avoid drops when opening cards or limit banking products for such customers. The Central Bank expects that, as a result, “opportunities for droppers and dropshippers will decrease significantly.”

The new system will not copy the functionality of the existing Know Your Customer (KYC) service, which helps track questionable transactions of legal entities and individual entrepreneurs, Shablya emphasized.

According to the Central Bank, after the implementation of KYC, the volume of suspicious transactions decreased. In 2023, 59.5 billion rubles were withdrawn through banks, compared to 63 billion rubles in 2022, when the service began operating. Last year, the volume of dubious transactions through cards and accounts of legal entities and individual entrepreneurs decreased by 1.8 times to 14.6 billion rubles, and at the end of nine months of 2024, the figure decreased to 5 billion rubles, Shablya estimated.