The Bank of Russia Will Update Its Recommendations to Banks to Identify Sources of Cash
3 Articles
3 Articles
Russia has 2.5 trillion rubles more cash in circulation than at the start of the year. The central bank wants lenders scrutinizing where it comes from.
The Bank of Russia will issue new recommendations asking banks to look more closely at where their clients’ cash comes from, said Bogdan Shablya, head of the central bank’s Financial Monitoring and Foreign Exchange Control Service.
The Bank of Russia will soon issue updated recommendations to determine the origin of bank clients' funds in cash transactions, as well as to prepare amendments to the anti-washing law, and has announced to the International Banking Forum the head of the financial monitoring and exchange control service of the BC Bogdan Shabl. "The work of banks confirming the sources of cash is something banks have always done.
The Bank of Russia is preparing updated proposals for banks to strengthen checks on clients ' sources of cash, told reporters by the head of the service . 23.09.2026, PRIM
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