statement
The Bank of Russia issued a recommendation (5-МР) on verifying the origin of cash for four types of cash operations in rubles, and the same applies to analogous operations with cash foreign currency.
A statement by ЦБ. Statements are as reported by the cited publishers — not verified by DecisionGateway.
Новые рекомендации (5-МР) касаются четырёх операций с наличными рублями: внесения на счёт, перевода без открытия счёта, покупки слитков, монет или бриллиантов и обмена на наличную валюту. То же распространяется на аналогичные операции с наличной валютой.
Related claims
The Bank of Russia issued a basic license to the bank Finansovyy Landshaft (Moscow) allowing banking operations in rubles and foreign currency, but without the right to attract deposits from individuals and without the right to conduct operations in precious metals.ЦБ · statementBogdan Shablya of the Bank of Russia promised banks a recommendation on verifying the origin of cash, but without "revolutionary changes".Богдана Шаблю · statementIf the amount is from 5 million rubles at once or per calendar month, including ATM deposits, the bank must establish the source of the money and obtain supporting documents before the operation.ЦБ · statementIn the May version (1-МР), the same 5 million over 30 days was a reason to look closer only if cash made up at least 70% of account inflows and at least 70% of that left via transfers abroad within about 10 days; the bank reviewed this after the fact.ЦБ · statementAccording to the Bank of Russia, the recommendation affects a "narrow segment of clients".ЦБ · statementTaking into account the Bank of Russia's sales under mirroring (₽0.6 billion), net currency purchases will amount to ₽15 billion, versus ₽12.1 billion per day in October.Минфина · prediction
More claims by ЦБ
The Central Bank considers the growth of the share of non-cash payments its achievement: it increases the transparency of the financial system, reduces the costs of issuing and collecting cash and takes money out of the shadow sector of the economy.statementA request can be skipped if the bank already has documents for a comparable amount and volumes have not sharply increased.statementIf documents are absent, incomplete or doubtful, or the amount is split, the bank is advised to consider refusing the operation under 115-ФЗ, filing a suspicious operation report and raising the client's risk level.statementAccording to the Bank of Russia, the recommendation affects a "narrow segment of clients".statementThe new recommendation no longer has the foreign-transfer condition, and currency exchange and bullion have been added.statement
All claims by ЦБ