Thursday, 09 April 2020 13:47

LAWYER APPRECIATED THE PLANS OF CENTRAL BANK TO CHANGE THE GROUNDS FOR BLOCKING ACCOUNTS Featured

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Natalya Manuylova, a forensic expert and teacher at the Moscow Digital School, commented on the Bank of Russia’s plans at the request of Izvestia to clarify the signs that could cause banks to consider their clients' actions suspicious.

The list of reasons for blocking an account has not been changed since they appeared in March 2012. Earlier, on February 17, it became known that the Central Bank proposes not only to introduce new criteria, but also to exclude some of the more than 100 existing ones, according to which banks recognize transactions as doubtful.

“The Bank of Russia revised the list of unusual transactions, excluding a number of signs, and added new signs taking into account the realities of the financial market. It is worth noting that the list of unusual operations only orient banks to pay special attention to operations that have signs of unusual. Unfortunately, quite often confused are signs of dubious operations and operations that have signs of unusual ones”, the expert added.

Regarding the qualifications of operations with digital and virtual assets, much will depend on the qualifications of bank employees, Natalya Manuylova added.

According to her, if bank employees do not have enough qualifications, then Rosfinmonitoring will replenish with information about operations that are not related to dubious ones.

Moreover, the market will resume pressure on the business to provide documents not related to the operation, threats to block customer accounts, delays in operations.

“For example, the symptom in section 11,“ The transaction is related to the acquisition or sale of virtual assets ”should be adapted for banks in the existing risk management system. The Bank should develop its own additional criteria for qualifying such an operation as “doubtful,” for example, the amount of the transaction, the business reputation of the counterparty, the counterparty’s bank, and so on. Considering that a number of signs are quite common, I think that the Bank of Russia is waiting for a rather large number of requests from both banks and customers, but here it’s already in the form of complaints, ”concluded the forensic expert.

In February, Russian Prime Minister Mikhail Mishustin, during a meeting with the head of Sberbank German Gref, said that the bank’s technologies and services would be used to simplify the life of Russians and to create a state-owned digital platform.

Source: IZ.ru

Read 376 times Last modified on Thursday, 09 April 2020 14:18

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