The Central Bank has drafted a bill that the bank will not approve transfers to the account in the regulator’s suspicious transaction database within two days. About this in an interview with Izvestia said German Zubarev, Deputy Governor of the Central Bank. According to him, the regulatory body expects the bill to be adopted at first reading in the near future, as the document has already undergone interdepartmental coordination.
“The FinCERT of the Central Bank (which monitors cyber risks – socialbites.ca) maintains a database of cases and tries to transfer funds without the consent of the client. In particular, it records information about transactions performed, fund payers and recipients. The organizer will bring information from this database to the sending bank and the receiving bank. Credit institutions will also need to use this information in anti-fraud systems, Zubarev said.
The Deputy Governor of the Central Bank explained that such a “calm down period” is necessary for the bank’s customer to understand the current situation. After all, a citizen does not immediately realize that he was manipulated by scammers.
“In a few days, the client will evaluate his actions, or one of his relatives will notice that something is wrong,” Zubarev summarized.
With this initiative, the Central Bank spoke in May 2022. The organizer later clarified that a two-day delay in the transfer would not violate the rights of conscientious citizens and the law, since, according to the law, the transfer must be processed within a maximum of three working days. This will give the victim time to think about what happened.