Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Updated: January 28, 2026
In accordance with the first paragraph of clause 1.5 of Article 7 of Federal Law No. 115-FZ1, credit institutions have the right to instruct, on the basis of an agreement, including a multilateral agreement (including the rules of the payment system), a communications operator that has the right to independently provide mobile radiotelephone services and a federal postal service organization to carry out the identification of a client – an individual, a representative of the client, a beneficiary, a beneficial owner or a simplified identification of a client – an individual for the purpose of transferring funds without opening a bank account, including electronic money, and providing the said client – an individual with an electronic means of payment, as well as updating information about clients, representatives of clients, beneficiaries, beneficial owners.
The amendments to the first paragraph of clause 1.5 of Article 7 of Federal Law No. 115-FZ provided for by draft Federal Law No. 967966-8 do not affect the right of credit institutions to instruct the mobile telephone operator and the federal postal service organization to carry out identification in accordance with the specified provision of Federal Law No. 115-FZ.
At the same time, a mobile radiotelephone operator and a federal postal service organization may acquire the status of a bank payment agent in accordance with Federal Law No. 161-FZ2 and may be engaged by a money transfer operator that is a credit institution, including a non-bank credit institution that has the right to carry out money transfers without opening bank accounts and other related banking operations, to carry out the activities provided for in Part 1 of Article 14 of the said Federal Law.
1 Federal Law of 07.08.2001 No. 115-FZ "On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism."
2 Federal Law of 27.06.2011 No. 161-FZ "On the National Payment System".
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