r to combat telephone fraudsters. For the first laos telegram data time, a mechanism is being introduc for a bank to reimburse stolen money if its anti-fraud systems have work poorly and allow a transfer. The details of the fraudsters are in a special Bank of Russia database “On cases and attempts to transfer funds without the client’s consent”. Banks have been combating fraudulent transactions before the law, including by using our database – there are anti-fraud procures for this. But under the new law, they will have to be financially responsible for the quality of work in this area to clients.
Also a two-day cooling-off period
during which the bank will not transfer money to a suspicious account and will notify the client about the suspension of the transaction. The person will have the opportunity to change their mind and refuse the transfer. The new mechanism will be in effect from July 25 this year.
Secondly, in June 2023, the Bank of Russia
Was given the authority to control the transition of financial institutions to domestic software and hardware, as well as information security tools. Now import substitution is a significant task for the entire market. We have creat an industrial a short bio about yourself – examples and tips on how to write one competence center in the field of finance, and together with market participants we discuss the industry’s ne to replace certain foreign products.
— The requirement to compensate for stolen america email funds is a truly important innovation for both the market and clients. How are banks preparing to implement this rule?
