The Bank of Russia has demanded from financial and credit institutions to tighten the approach to work with clients of premium segment. On Monday, March 14, according to “Kommersant” with reference to a letter the regulator sent to the bankers in the beginning of this month.
The Central Bank attributes this requirement with recent developments in the scheme by cashing VIP customers using their cards. The regulator has drawn attention to the amounts of questionable cash transactions, which remain “high”. They are held by banks primarily through individuals the premium and mass segments.
The scheme is as follows: transit company, accumulating money in their accounts, allocate funds to cards of natural persons the sums from 100 thousand to 3 million rubles for 1-3 months under the guise of loans. Customers then pass on their cards with pin codes to third parties who cash funds in ATMs.
To deal with this CB offers immediate remote disconnection of service for dubious customers, prohibition of re-opening of accounts and issuance of cards, reduced limits on premium cards and blocking of funds to individuals on the mailing list fan.
In February the regulator proposed lifetime ban unscrupulous bankers, if they repeat serious mistakes in the management of the credit institution. According to the Deputy Chairman of the Central Bank Mikhail Sukhov, over the past 2.5 years total excess of liabilities over assets in credit organizations deprived of licenses, amounted to 1.2 trillion rubles 1.9 trillion in liabilities.
During 2015, the Central Bank revoked the licenses of 93 banks and non-Bank credit organizations. This figure was a record since 1999: then, the Bank of Russia stopped the activities of more than 200 banks.