Translation. Region: Russian Federal
Source: Mainfin Bank –
How does temporary blocking of funds on cards and accounts work?
Rosfinmonitoring has begun blocking bank clients’ transactions to combat droppers – the agency has received the right to directly restrict transactions. From June 1:
financial intelligence can independently contact the bank to block funds; suspension of transactions is possible only if there is a suspicion that the person is using the account to finance extremism or legalize criminal proceeds; the period of restrictions is no more than 10 days, and in exceptional situations – up to 30 days; blocking is carried out on the basis of 115-FZ – such a mechanism previously existed and was automated in a number of banks, i.e. it was triggered in the presence of risk indicators.
The fight against fraud is also being carried out in other areas – financial intelligence, together with the Central Bank of the Russian Federation, is creating a platform for exchanging information about clients banks, and the Ministry of Internal Affairs is developing amendments to the Criminal Code of the Russian Federation, providing for criminal liability for droppers.
When can Rosfinmonitoring restrict card transactions?
The department promised to abandon the practice of mass blocking. Experts believe that the risk zone will include bank clients who:
often receive transfers from different people, friends, relatives, regardless of the amount; receive money without explanation or with a payment purpose, for example, “debt repayment”; plan a trip abroad and at the same time suspicious activity is recorded on the card, including multiple transactions; receive frequent transfers due to professional employment – we are talking about freelancers, bloggers, home bakers, etc.
“Regular transfers, donations, participation in collections, receiving income on a personal card of an individual are risk factors. To confirm the legality of the funds, you will have to present the relevant documents,” the expert noted.
The innovations will lead to more frequent complaints about banks – Russians will go to court against the backdrop of blockages. At the same time, the law has been in effect for almost a month – and during this time, no mass complaints about the actions of Rosfinmonitoring have been recorded.
15:00 06/24/2025
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