Russian banks have begun to apply in practice the instructions of the Central Bank, which prescribes to limit or block the cards of citizens engaged in speculative purchases of goods for resale. This was reported by Kommersant with reference to the Association of Russian Banks (ARB).
According to the publication, on March 16, the Central Bank sent a letter to banks pursuant to the “anti-money laundering” law 115-FZ. The regulator requires credit institutions to pay more attention to transactions related to “unusual behavior” of the client, anomalies in transactions, changes in the nature of consumer spending, which are “associated with the current economic situation.” The uncharacteristic growth of purchases of various goods may indicate the purchase of them for resale, according to the Central Bank.
“Uniform operations” are often the result of restrictions imposed by retailers due to high demand, writes “Kommersant”. However, sellers often bypass the restrictions: they sell the right amount of goods in one hand, but punch it with different checks. In this case, there are several checks for the same amount from one outlet in a short period of time. If you pay for such a purchase by card, there is a risk of being blocked.
The ARB stated that the letter of the Central Bank does not contain clear criteria for “speculative transactions”. Therefore, credit institutions themselves determine – who and by what rules to refer to those who purchase surplus goods for resale and to whom to take “anti-money laundering measures.”
Until the practice has become systematic, experts say. The Central Bank is confident that conscientious citizens will not suffer.
“We are talking about abuses – large sums and the number of operations performed in a short period of time. This may indicate that the ultimate goal of such transactions is to purchase goods for resale, which may create increased risks in the current situation, “Kommersant quoted the regulator.
Lawyers believe that such methods of struggle can affect ordinary citizens who simply buy goods on a rainy day.
We will add that in Tomsk for last weeks inhabitants most often complained of impossibility to buy sugar in shops. The retail chains and the regional department of the consumer market stressed that the problem is extremely exciting. The administration of the region said that along with the population, sugar is bought by dealers who plan to sell it at a higher price. The Federal Antimonopoly Service has begun inspecting sugar producers, retailers and intermediaries.