On July 9, the Bank of Russia expanded the list of signs of fraudulent transactions, having identified which banks should block transfers, the regulator’s press service reported.
According to the new signals, banks will have to suspend transfers to accounts that have previously been the subject of fraudulent transactions as assessed by anti-ford systems (banks’ own anti-fraud systems). This also applies to accounts that banks suspected of carrying out fraudulent transactions, but information about them was not transferred to the Central Bank’s database.
Banks will also need to take into account data on signs of fraud from other organisations. For example, a telecom operator may notify a bank about a customer’s unusual telephone activity before making transfers.
Another sign of a fraudulent transaction will be receiving information about the initiation of a criminal case against the recipient of the funds. Banks will have to stop the transfer if they receive this information from any source.
The new list of signs of fraudulent transactions will be used from July 25. Additional points will expand the already used list of signs of fraud: the presence of an account in the Central Bank’s fraud database, an atypical transaction for the client, as well as information that the device from which the transaction was made has already been used by fraudsters.
Source: Rossa Primavera
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