The Central Bank invited banks to return funds to victims of scammers in 30 days

The Bank of Russia is preparing amendments to the law to support citizens who have become victims of fraudsters. According to one of the amendments, the term for the return of stolen money by banks will be limited to 30 days.

The Central Bank invited banks to return funds to victims of scammers in 30 days

Information on changes to 161-FZ “On the national payment system” transmits RBC with reference to the document. After the adoption of the amendments when establishing the fact of a money transfer without the consent of the client, the bank will have to return the funds to him within 30 days after the request.

As a representative of the Central Bank told the source, according to the current law, the deadlines during which banks must reimburse customers for stolen money have not been established. According to report Bank of Russia about fraudulent transactions in 2021, last year, attackers stole 13.5 billion rubles from Russians, of which banks returned only 6.8% (920.5 million rubles).

The representative of the Central Bank emphasized that the introduction of changes “is necessary to maintain a balance of interests of credit institutions and their clients.”

Vice-President of the Association of Banks of the Russian Federation Alexey Voylukov added that initially the Central Bank proposed to set a return period of two to three days, but credit organizations were against it, since during this time it was impossible to check whether “the transfer is really fraudulent or the client is trying to deceive the bank.”

Subscribe to our Telegram channelto keep up to date with the latest news and events!

Source: RB.RU by

*The article has been translated based on the content of RB.RU by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!