meta_id 3099878

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.