Central Bank (Central Bank) of Russia will begin to control all money transfers between individuals, requesting data on them from banks, including personal data. As RBC writes with reference to sources, it follows from a regulator of a new form to credit organizations to provide reporting.
According to the Deputy Chairman of the Board of Sovcombank, Oleg Mashäkalar, the Central Bank will begin monitoring remittances from January 2022. The representative of the payment company QIWI also informed the publication that the regulator would start periodically request information on transfers from next year.
As the representative of the Central Bank explained to the publication, the main purpose of introducing new reporting forms is to optimize data presentation by banks and receiving current information on payment services. They will be used to analyze the market as a whole in the country and in the regions, as well as for the formation of statistical indicators.
From the explanation of the regulator, it follows that banks should include in the reports information on the translations of Russians money from the card to the card, from the card to the account, with electronic wallets and the operator’s accounts, in the system of rapid payments, through payment terminals and monetary systems Translations, as well as on transboundary translations.
in the Central Bank also clarified that they will not be monitored by transferring funds for deposit accounts, accounts for repaying loans, brokerage or investment accounts, commissions of credit institutions for maintenance, as well as translations in favor of legal entities and individual entrepreneurs.
Interlocutors of publications believe that the new measure is necessary to combat illegal online casino, crypto exchangers and business accepting payment for personal cards. They believe that the Central Bank can use reports received from banks to control the gray entrepreneurship when people take payments for their products or services.
Earlier, the head of the Federal Tax Service (FTS) Daniel Egorov said that tax control in Russia applies to transfers from the card to the card between individuals, but the authorities are trying to do without “raids” in order not to enjoy business activity. According to him, the translation system has a greater value as an alternative to cash payments, that is, at the state level, non-cash payments look a priority way of transferring money. So, you need to prevent a decrease in their share.