Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Changes, excluded fromanti-money laundering legislationThe right of credit institutions to entrust the identification or simplified identification of individual clients to bank payment agents (BPA) came into force on March 3, 2026.
From this date, under current agreements with credit institutions, BPAs cannot carry out identification.
The statutory period of 180 days (paragraph 2 of Article 3) is necessary to bring contracts concluded with the BPA into compliance with current legislation. During this period, the BPA is not expected to continue to perform identification functions.
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