MOSCOW, December 27< /strong> The Government of the Russian Federation has submitted to the State Duma a bill introducing a limit of 100 thousand rubles for bank transfers by citizens without opening an account in the case of simplified identification, follows from the database of the lower house of parliament.
The document was developed to reduce the risks of money laundering and terrorist financing due to the absence of a maximum amount for transferring funds on behalf of a client without opening a bank account using simplified identification. With such identification, it is enough for an individual client to provide the bank with his passport data or a copy of his passport.
The bill limits the maximum amount of funds, including electronic funds, transferred one-time on behalf of an individual without opening a bank account with simplified identification of a citizen to the amount of 100 thousand rubles. A corresponding change is being made to Article 7 of the Law “On Combating the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism.”
At the same time, a corresponding amendment is being made to Article 10 of the Law “On the National Payment System”, which increases the maximum balance of funds on a non-personalized electronic means of payment to 100 thousand rubles from 60 thousand.
Now the transfer of funds on behalf of an individual without opening a bank account, including electronic funds, in the amount of 15 thousand rubles and above is carried out subject to simplified identification of such a citizen. However, the maximum amount of such a transfer with such identification is not provided.
«»The above circumstance is not consistent with international standards in the field of combating the legalization (laundering) of criminal proceeds and the financing of terrorism (hereinafter referred to as ML/TF), which prescribe the use of standard verification measures when performing one-time transactions in an amount exceeding the established threshold value client, and also creates additional risks of performing non-transparent transactions for ML/TF purposes,” the explanatory note states.
If adopted, the law is expected to come into force 365 days after its official publication. The Cabinet of Ministers explains this transition period by “the need for credit institutions to restructure their identification processes, change internal procedures and internal control rules.”
< br />