The update concerns Bank of Russia procedures for managing a fraudulent transaction database and verification mechanisms for transaction disputes, which relates to payment processing and fraud prevention in retail banking operations.
Low confidence — REQUIRES HUMAN REVIEW. This is primarily an administrative/procedural update on fraud database management rather than a core investment services function, making this tag a weak secondary fit.
Specialism
The update concerns procedural requirements for handling fraudulent transaction database removal applications, including verification mechanisms and client contact obligations that address fraud prevention and transaction legitimacy confirmation.
Mandatory inheritance: Fraud is a child of Financial Crime, so Financial Crime must be raised as the secondary tag.
2026-04-27 07:11:49·arahman@vixio.com
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TITLE: Bank of Russia Introduces Additional Verification for Fraudulent Transaction Database Removal Applications
BODY:
On 21 April 2026, the Bank of Russia announced improvements to its procedures for handling applications to remove information from its database on fraudulent transactions.
The regulator has implemented an additional verification mechanism requiring banks to contact clients (payers) whose applications resulted in entries in the fraudulent transactions database. Banks must confirm whether clients continue to regard the relevant transactions as fraudulent and report their findings to the Bank of Russia. This process addresses situations where individuals initially report transactions as fraudulent but subsequently acknowledge them as legitimate.
The Bank of Russia has also updated procedures for applications submitted by client representatives acting by proxy, which must now be submitted to the client's servicing bank. Individuals and individual entrepreneurs submitting applications via the Bank of Russia website may provide details of invalid passports to facilitate identification in the database should their passport details change. Additionally, the regulator has established a procedure for providing information regarding refusals to accept funds received via fraudulent transfers, which has been in effect since the beginning of 2026.
These procedural innovations take effect on 2 May 2026. The changes are stipulated by an ordinance issued by the Bank of Russia and apply to all individuals and entities handling applications for removal of fraudulent transaction information from the regulator's database.
Bank of Russia to introduce additional verification for handling applications to remove information from database on frauds | Bank of Russia 12 Neglinnaya Street, Moscow, 107016 Russia 8 800 300-30-00 www.cbr.ru What do you want to find? Search Activity Financial markets Documents and data About Bank of Russia Services + 7 499 300-30-00 8 800 300-30-00 Events Contacts Site map About the Site About Bank of Russia RU EN News Bank of Russia to introduce additional verification for handling applications to remove information from database on frauds 21 April 2026 News Share VKontakte WhatsApp Telegram The Bank of Russia has improved the handling of applications for removing information from the database on fraudulent transactions. Now, when the regulator considers such applications and sends necessary inquiries to banks, these banks are supposed to get in touch with the client (payer) on the basis of whose application the information has been entered into the database. Banks are required to do this to find out whether the client continues to view the relevant transaction as fraudulent and to report the results of this communication to the regulator. This additional verification mechanism will enable the Bank of Russia to be more responsive in situations when an individual initially applies to a bank regarding a fraudulent transaction but afterwards acknowledges it as a legitimate one. The regulator has updated the procedure for applying for removing information from the database by a client’s representative acting by proxy. In this case, an application is to be submitted to a client’s servicing bank. When an application is submitted via the Bank of Russia website, individuals (including individual entrepreneurs) may provide details of their invalid passports (if available), which will make it possible for the regulator to identify information about the applicant in the database in case of a passport change. These innovations stipulated by the ordinance will take effect on 2 May 2026. The document also sets forth a procedure for the Bank of Russia to provide information regarding refusals to accept funds received via a fraudulent transfer. This procedure has been in effect since the beginning of 2026. Preview photo: DimaBerlin / Shutterstock / Fotodom Save as PDF Copy link The Bank of Russia website uses cookies By using www.cbr.ru , you accept the User Agreement. Accept