Russia starts a war on droppers

Publication date: 20 Jan 2022

The Russian State Duma has begun drafting a bill on a register of droppers that will only be able to transfer funds with a passport at the bank. This list will be part of the Central Bank’s Know Your Client (KYC) anti-money laundering platform. Anatoly Aksakov, head of the State Duma Committee on Financial Markets, said.

Who are droppers (drops)? These are individuals or legal entities whose accounts are used to withdraw money but which was stolen by criminals from banks.

The fight against droppers in Russia: expert opinions

  • Earlier, Bank of Russia deputy chairman Dmitry Skobelkin said that individual clients will be included in the KYC platform, but not before 2023.
  • Evgenia Lazareva, the head of the People’s Front project “For the Borrower’s Rights”, is worried that a large number of clients may suffer due to the lack of a rehabilitation mechanism when launched (i.e., a mechanism to exit the register of droppers must be thought through).

Earlier, Sberbank revealed how many Russians help fraudsters to cash out. According to the bank experts, about half a million people in Russia are droppers. Stanislav Kuznetsov, deputy chairman of the Bank’s Board, said such fraudsters are visible, but there are very few opportunities to prove the crime committed. Kuznetsov states that most of them are young people, students, filling out bank cards in their own names and selling them even through advertisements in newspapers.

Понравилась статья?

Поделись с друзьями в любимой соцсети

SUBSCRIBE US Enter your email to get
weekly news

    Read more

    The AAiG Summit 2022 will take place on 17-18 November 2022 in Dubai, UAE. For […]

    PI LIVE, Affiliate & Performance Marketing Conference 2022 will take place on 18-19 October in […]

    In the summer of 2022, Russians started spending less time on social networks but more […]

    The betting market in Russia is not just recovering, it is growing rapidly. After the […]

    The SBC Summit Latinoamérica 2022 will take place on 1-3 November 2022 in Miami. The […]

    The Global Gaming Expo conference will be held in Las Vegas on 10-13 October. Global […]

    The Telegram messenger is becoming “the leading and most important communication channel”. This trend emerged […]

    The Traffic Summit is a two-day digital marketing event that will take place in Istanbul […]

    About the Rugby World Cup The Rugby World Cup is an international tournament featuring the […]

    According to experts, the use of mobile devices is already prevalent around the world, with […]