Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Banks should organize their operations so that payment cards issued under salary programs can only be activated by their actual owner after completing the identification process. This is necessary to prevent the use of such cards by unscrupulous entities, it says. in a letter from the Bank of Russia.
A credit institution that attracts new clients and opens cards for them through an intermediary must ensure that all necessary documents have been prepared for each client and that there is no fraud.
Furthermore, banks must identify those offices and divisions where there is a high risk of dropper accounts being opened and strengthen monitoring of these offices and divisions. The presence of the person in whose name the bank account is being opened can be verified using photo and video recording systems.
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