The regulator noted that the so-called “technical companies”-legal entities without signs of real activities in the market-are often used by crypto exchange services, online casinos and financial pyramids.
Banks are invited to identify the above operations using online monitoring in mode close to real time. In addition, it is recommended to check the transaction profile of customers.
If the bank’s client has “counterparties that have previously transferred funds to droppers or companies with signs of fictitious activity”, the institution may introduce limits on transfers from individuals or completely prohibit cash.
The Central Bank emphasized that his recommendations are voluntary, but they will help credit organizations strengthen the fight against money laundering and financing of terrorist groups.
Earlier, the Central Bank of Russia proposed increasing the annual limit for unskilled investors for the purchase of digital financial assets (CFA) from 600,000 to 1 million rubles.
Source: Bits
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