MOSCOW, December 24. The Bank of Russia on December 27, introduces new rules of exchange in excess of 15 thousand rubles, according to which the client will have to present a passport and a Bank to fill in the questionnaire. This is stated in the message of Bank of Russia.
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“Coming into force on 27 December new rules for the identification of clients by banks will not create citizens with additional difficulties in the exchange. When buying and selling currencies for the amount up to 15 thousand rubles, the client identification is still not required if the transaction amount is more, the customer provides a passport as form fills the Bank itself,” says the regulator.
According to the law FZ-115 “On counteraction to legalization of income obtained by criminal means and financing of terrorism”, the client’s identification or simplified identification of the client is not carried out if the amount of money when making currency exchange transactions not exceed 15 thousand rubles or the amount in foreign currency equivalent to 15 thousand rubles.
Profile at the exchange
The new rules of the Central Bank of the Russian Federation on the exchange do not oblige citizens to fill in the questionnaire, notes the Bank of Russia. So obtained by the identification information, the Bank records in the questionnaire (dossier), which draws in accordance with the regulations of the Central Bank N499-P in various ways.
Including, this can be done on the basis of the use envisaged by the current legislation of registers of operations with cash currency. They are issued by the banks may be necessary to identify these individuals.
Thus, the legislation does not require individuals to independently fix its identity through surveys, questionnaires, etc.
Author: Konstantin KORISHCHENKO
As stated in the regulations of the Central Bank N499-P, the shape of the client’s form is determined by the rules of internal control of the Bank. Information that can request banks in customer identification – natural persons: surname, name, patronymic, date and place of birth, citizenship, requisites of the document proving the identity (passport, birth certificate of the citizen of the Russian Federation to 14 years, a temporary ID of a citizen of the Russian Federation, for foreign citizen – passport of foreign citizen), migration card data. Foreigners will have to provide a document confirming the right of foreign citizen to stay (reside) in Russia.
Also banks may be asked to indicate in the application the address of the place of residence (registration) or place of residence, taxpayer identification number (if any), contact information (e.g. phone number, email address, postal address).
When performing currency exchange operations with a Bank card, the Bank shall identify the client on the basis of details of Bank cards, as well as codes and passwords.
The exchange on anti-money laundering law
The situation imposes on credit institutions additional obligations to identify customers beyond the requirements of the law “On countering the legalization (laundering) of incomes received by criminal way, and terrorism financing”, the report says the Central Bank.
Head of operational services Absolut Bank Ekaterina Sirotina reported that changes in this process will slightly affect the speed of customer service. “The timing of foreign exchange transactions depends on the transaction amount and denomination of banknotes. In our view, changes to this process will slightly affect the speed of customer service (with a maximum difference of 1-2 minutes). In this case, the clients whose data has already opened in the Bank database, the questionnaire will be formed automatically,” said Sirotina.