Translartion. Region: Russians Fedetion –
Sours: Mainfin Bank –
How will the blocking of receipts proposed by banks work?
It is proposed to freeze money credited to recipients’ accounts in order to protect Russians from the actions of criminals. Banks, who sent a letter to the regulator, put forward a number of conditions for blocking:
Transfers in the amount of 10 to 50 thousand rubles are proposed to be blocked for 24 hours; transfers in the amount of over 50 thousand rubles will be frozen for two days; banks will be able to introduce automatic restrictions at the request of the sender; for the duration of the investigation, a ban on closing an account and transferring funds will be established.
“The mechanism for blocking recipients’ accounts is currently imperfect – fraudsters manage to withdraw money in the shortest possible time, and the victim does not even have time to come to their senses and file a complaint about the fraud,” the expert notes.
The Bank of Russia promised to consider the appeal in the established manner: the proposal is fully consistent with the Civil Code of the Russian Federation, since the law provides for the processing of the transfer within three days – blocking the operation for 48 hours will not violate the specified requirement.
Will the proposed mechanism help protect Russians from fraudsters?
Existing security measures are not effective enough – last year, fraudsters managed to steal over 27 billion rubles from citizens’ accounts, of which less than 10% was returned. Blocking transfers not only on the sender’s side, but also on the recipient’s side will help protect Russians. Experts believe that the initiative will increase the chances of returning stolen funds.
At the same time, bona fide individuals and those citizens who unknowingly became drops may also suffer from blocking. To implement the proposal, it will be necessary to launch an automatic monitoring system that will track suspicious activity on the account, for example, multiple receipts from third parties or large transfers. Discussion of the initiative will continue in the near future – after consideration by the Bank of Russia.
12:30 03/18/2025
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