Translation. Region: Russian Federal
Source: Central Bank of Russia –
An important disclaimer is at the bottom of this article.
From September 1st this year, people will have new opportunity protect yourself and your loved ones from fraudsters. Control over banking operations can now be entrusted to a relative or friend, who will have the right to confirm or reject money transfers if they seem suspicious. At the same time, the assistant will not have access to the account and the right to carry out independent operations.
This measure will protect the most vulnerable citizens, especially the elderly, from fraudsters, and will also strengthen parental control over transfers by teenagers, who often find themselves involved in dropper schemes without proper understanding of the negative consequences.
The transaction is confirmed or rejected within 12 hours from the moment of notification. Only the client can initiate the service connection. Each bank determines the method of service connection independently. If the client refuses the service, the bank will be obliged to disconnect it within 24 hours. Such a cooling-off period will reduce the risk of the "second hand" service being disconnected under the influence of fraudsters.
The mechanism applies to money transfers, including those using bank cards, transfers through the Fast Payment System and cash withdrawals.
Preview photo: Viktoriia Hnatiuk / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.